Bitcoin made sense to me partly because I was confused by currency exchange.
I always thought Forex was a rip-off and ultimately a scam.
Turns out that fiat currency is indeed a scam.
Philipp
Philipp@primal.net
npub1axqk...chrm
Suit by day
(management consultant to financial institutions, advising on capital markets related projects).
Bitcoin Maxi under the hood.
📍Heart of Europe
Tired of the corporate media. It’s the same everyday.
Tired of LinkedIn. It’s a waste of time.
If doom scrolling, then Nostr.
During my master's degree, I considered starting a business and took a course in entrepreneurship.
As part of the course, I attended a week-long boot camp at a famed local incubator. I wanted to do something with Bitcoin only, but I wasn't sure what exactly.
To gain insight and connect with like-minded founders, I asked the boot camp instructor (a prominent coach and investor who now runs an even larger incubator in a different city) if he knew any startups in "crypto," particularly Bitcoin.
I still remember his answer as we stood outside on a cold morning having coffee and cigarettes: "Oh yeah, sure, crypto for sure. Plenty." Bitcoin, not that I know of."
Too bad. Guess I haven't been around the right people.
Since then, I have attended many Bitcoin (not Crypto) events and meetups, connected with and listened to Bitcoin founders. Very much thankful for these opportunities.
I'm looking forward to continuing to do so this year, and beyond.
Perhaps one day soon I'll start my own Bitcoin business.
It is absolutely wild that we have come this far
🤦🏼♂️ Dear Financial Times: It’s called Bitcoin2025 (Conference)


🍕 Happy pizza day!
I attended yet another industry networking event hosted by one of the world's largest custodian banks.
They are a major player in asset management and securities services.
Among other topics, they identified key trends in modern finance:
- Instant payments
- Digital transformation
- Resilience in market turbulence
Bitcoin wasn't mentioned.
I spoke with their treasury lead in Europe and their global collateral head. They wanted to talk about tokenization and digital assets.
Although some banks are becoming more accepting of Bitcoin, I still find that many are far behind.
I don't oppose it at all. For nearly all people in finance, it signifies a complete paradigm shift.
Bitcoin is the only trend in finance/economics, and in this firm's case, aligns with all their identified trends.
Have you seen the recent Financial Times film about Saylor and Strategy?
I would cautiously describe it as a neutral piece..
We know that legacy (financial) media has been criticizing Bitcoin ever since. In my perception, it has improved slightly, perhaps due to the bull market phenomenon. This includes the FT.
Still, they admit that they have no idea about Bitcoin (Cudos!) and think that it has no obvious use case and is therefore an inherently speculative bet.
They don't understand the scarcity aspect of Bitcoin. They cannot see why Bitcoin won't forever "go up" in fiat terms.
Unless they can separate Bitcoin from "crypto," I have little hope that they will realize the key innovations brought forth with Bitcoin.
They will surely come around at some point, as some individual commentators already have.
As for MSTR, they still describe it as a meme stock. I'm not sure one can fully understand Saylor's financial engineering without having a solid understanding of Bitcoin.
Time will tell how MSTR and its other financial products will hold up during upcoming bear markets, and it remains to be seen how other companies will implement this playbook.
This is where I see the risk arising. Bandwagoners jumping on something they don't understand or cannot make work.
The FT would be best advised to finally study Bitcoin in depth. Can't wait for them to announce their Bitcoin Strategy.

