· 3 min read

Why I don't care about the price of Bitcoin

Bitcoin is the only technology TODAY that ticks all the right boxes for true financial self-sovereignty. Until something comes along that is better - I don’t care what the price of Bitcoin is I just care about moving to the Bitcoin parallel economy in every way I can.

Bitcoin is the only technology TODAY that ticks all the right boxes for true financial self-sovereignty. Until something comes along that is better - I don’t care what the price of Bitcoin is I just care about moving to the Bitcoin parallel economy in every way I can.

If you follow news of any kind regarding Bitcoin the most significant story volume, tweets, posts, etc. revolve around price. Specifically, USD to BTC. Is BTC up or down, tending sideways, bears or bulls or crashing or black swan or Bart Simpson chart or death crosses or, or, or ad nauseum.

Really if you understand the fundamental premise of Bitcoin - who gives a fuck about the USD to BTC price?

This measurement has very little tangible relation to Bitcoins value. If anything, it is a measure of the purchasing power decline of fiat specifically our world reserve currency the US Dollar and its only relevance is to people who are waiting to acquire Bitcoin and need social validation that it’s the right time to buy! Those people will NEVER find the right time BTW - they won’t try to buy until fiat has fallen so far, any significant amount of BTC will be OUT OF THEIR REACH.

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Of course, if they truly understood the long-term value, they would buy at any price all the time with whatever they can spare. The fact is the dollar is a doomed debt based promissory contract that has broken its promise on numerous occasions and is in the throes of a death spiral. It may be 5 years or 10 or 50 years but it will be replaced.

The second fact is that there is NOTHING right now that is better than Bitcoin to take its place. None of the crypto shitcoins, none of the spinoff privacy coins, certainly not the stablecoins (shit abstraction tokens) not CDBC’s and nothing proposed by the central bank system or BIS is better.

Bitcoin is the only technology TODAY that ticks all the right boxes for true financial self-sovereignty. Until something comes along that is better - I don’t care what the price of Bitcoin is I just care about moving to the Bitcoin parallel economy in every way I can.

Forget about price. Buy Bitcoin every chance you can at whatever the price is. At some point we will all experience what is happening in Venezuela, Argentina, Turkey, Cuba, Nigeria and everywhere else where you trade a bag full of useless fiat for a few sats and are HAPPY because you know you traded in trash for hard money. Save in Bitcoin, spend with Bitcoin and exchange useless fiat to replace what you spent. Soon enough - there won’t be a USD/BTC price metric to follow and the things you need and the things you want will all be priced in Bitcoin.

1 BTC = 1 BTC

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