I’m a simple man: I stack sats, care for my succulents, and hodl while both steadily grow. Lately, I’ve been wondering if I should expand my counter space for more plants. The problem? It’s still a bathroom counter, and any change to its current setup might throw off the aesthetic balance. If I take more space, it could feel cluttered. If I take less, it feels incomplete. Talk about a trilemma: balancing function, aesthetics, and my (2nd best) obsession: succulents. I don’t need a lambo…just more plants. image
I hope every one who sees this post has a blessed night and a very lucky year. I feel like yesterday’s post needs an update; I don’t think I’m a strict maximalist vs a pragmatic maximalist. I think I’m a humble maxi who only has 100% exposure to #Bitcoin. image
#Bitcoin has the practical potential to transform bonds as an asset class by making them more appealing and less prone to delivering negative real returns in the face of inflation. Imagine bonds issued and backed by #BTC, deriving their value from #Bitcoin’s deflationary nature. A bond offering a stable yield, say 5% annually in #BTC, while the principal retains purchasing power, is a game changer. It’s an enticing prospect, but the trust and execution required might make it feel too good to be true. However, #Bitcoin’s volatility isn’t entirely a drawback. Its role as a real time measure of fiat debasement could enable dynamic yields. By tying bond payouts to real time inflation metrics, #Bitcoin backed bonds might better compensate investors in an increasingly unpredictable financial environment. Accessibility is another area of intrigue. Could #Bitcoin bonds democratize debt markets and compete with traditional bonds in global reach? While these questions are worth exploring, I want to shift focus. #Bitcoin’s evolving role in finance will undoubtedly lead to an explosion of hybridized #Bitcoin based financial vehicles and products. And with these innovations, every Bitcoiner will eventually face a critical question: Am I a strict maximalist, or a pragmatic maximalist? Strict Maximalist: Believes all #Bitcoin related products are unnecessary abstractions or derivatives, choosing only to hold spot #BTC. Pragmatic Maximalist: Sees #Bitcoin related products as tools to expand adoption, reinforce the ecosystem, and increase #Bitcoin’s utility… It’s subjective and speculative at this point. Personally, I lean toward being a strict maximalist: I currently only hold spot #BTC. But I’m curious about where others stand. If you’ve made it this far, I’d love to hear your perspective in the comments. Are these hybrid products the future, or are they distractions from #Bitcoin’s core ethos? image
I’m curious to see how hard Trump will actually fight for #Bitcoin. Historically, he’s been more critical than supportive, once calling #BTC a scam. While I believe Trump could lean toward a pro-Bitcoin stance for strategic or political reasons, the real question is how far he’ll go. Would his actions shift depending on market conditions, like a potential bear market? Would #Bitcoin’s price volatility make it easier or harder for him to champion it on a global stage? I also think the U.S. will prioritize other pressing matters, which only reinforces the idea that we’re still early in #BTC adoption. Nation-states are starting to recognize Bitcoin’s potential, but they still vastly underestimate its importance and role in the global financial landscape. The real question is: how far will the U.S. move between a less critical stance and full support for #Bitcoin? The closer we get to full support, the more it cements the U.S.’s dominance in the future of global finance. Even if other cryptocurrencies gain traction or are adopted by nation-states, Bitcoin’s unique properties: its security, decentralization, and scarcity, make me believe it will maintain or even grow its dominance over time. image
The U.S. dollar’s purchasing power has declined significantly since 1913, but it remains one of the strongest and most widely used currencies in the world. This isn’t a coincidence; it’s a testament to the dollar’s entrenched global dominance, even as its flaws become more evident. Suffering economies often turn to dollars over #Bitcoin or gold. Why? Because it’s the cleanest shirt in the dirty fiat basket, or perhaps the most widely used shirt. Its practicality, global infrastructure, and familiarity make it the go to option for those seeking stability amid chaos. For many, the choice between a volatile ride up (#Bitcoin) and a slow, predictable decline (the dollar) isn’t obvious. Stablecoins only amplify this dynamic by making dollars more accessible and efficient. However, I believe the advantages stablecoins currently hold over #Bitcoin are more about the dollar’s head start: centuries of infrastructure and global familiarity. #Bitcoin is catching up at an incredible pace. Once people have the same level of familiarity and usability with #BTC as they do with dollars, the incentive to choose dollars over Bitcoin disappears entirely. Ironically, while stablecoins make the dollar stronger relative to other fiat currencies, they also accelerate the spread of destructive monetary policies. In the short term, they provide convenience and temporary fixes. In the long term, they exacerbate the dollar’s weaknesses and the broader issues within fiat systems. The dollar is destined to weaken over time, but stablecoins could prolong its dominance while simultaneously exposing its flaws. As stablecoins continue to shape international economic dynamics, I’m curious to see how their evolution influences the adoption of #Bitcoin in the coming years. image