Are you bullish or bearish on Bitcoin?

Look: I will cut the story ultra-short (oversimplifying for the sake of brevity).

  1. Scarcity: there can only be 21 million Bitcoin ever to be mined.
  2. Security:So far the Bitcoin protocol has been proven unbreakable in its aim at preventing double-spending: the cryptography behind it has been 100% bulletproof.
  3. Decentralization: Nobody can sue Bitcoin as there is no Bitcoin Corporation: it is fully decentralized and the Bitcoin protocol will be alive as long as there will be an internet connection and some miners keeping the network alive.
  4. Network effect:Nobody knows for sure what will happen in the future but almost everybody is coming to terms with the fact that Bitcoin is becoming the decentralized, digital version of gold (a store of value accepted from the US to Saudi Arabia, from Moscow to Paris, in Africa as well as in India). No other digital currency has been able to match Bitcoin’s network effect. It is an amazing technological advancement, a generational shift.

If you are able to invest your money during the dips and ably buy at least 1 Bitcoin while everybody else panics, you will certainlybe among the top 21m Bitcoin holders on the planet. This means that you will be in the top 21m holders — on the planet — of next generation’s gold. Even if you are able to buy only 0.1 Bitcoin, you will still be among the top 210m holders on the planet (and there are 7bn people around!). Already an amazing achievement.

People still have not realized how rare Bitcoins are if you think in planetary terms and the fantastic potential of the technology, its decentralisation and its monstrous network effect.

Obviously there are risks but this is an asymmetrical bet, with known, limited losses if the project somehow fails and unlimited potential if it succeeds.

Short term price fluctuations should not distract anybody: there are very few opportunities like it in the market today and if you “get it”, investing in it is a no-brainer.

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