If Bitcoin fails..

Today is Sunday, and as usual, I want to share with you a special letter with a new idea.

Last ideas I shared with you are:

• Scarcity 

• The Sure Path to Prosperity (Time Preference)

• The Cost for Sure Path to Prosperity (Opportunity Cost)

• What is money?

• What is sound money?

If Bitcoin fails..

I don't think the traditional 60/40 portfolio is a hedge against Bitcoin.

The hedge against Bitcoin involves buying bullets and guns.

What I mean here is that if Bitcoin breaks, it's likely that the internet breaks or a global government will severely cracks down on individual property rights.

In both cases, the world probably isn't a great place, and very bad things are likely happening.

If the internet suddenly breaks due to a massive solar flare or broken cryptographic primitives, then your diversified portfolio full of big-tech likely won't perform very too well.

Practically every company in the S&P 500 would collapse if the internet and telecommunications suddenly broke for an extended period of time.

If the government starts confiscating individual properties, then inflation is probably ramping and Bitcoin is deemed valuable enough to be confiscated. 

It would be much easier to confiscate immovable houses or public equities locked in your brokerage account.

So yes, there's certainly a scenario where Bitcoin dose fail.

There are many scenarios, in witch Bitcoin fails.

However, most of these scenarios likely lead to the traditional financial system collapsing as well.

Which in that case, you shouldn't necessarily hedge your Bitcoin position with a 60/40 portfolio.

You should hedge your Bitcoin position, with guns and ammo if you're really that pessimistic.

But Bitcoin is for the optimists..

You hold Bitcoin because you expect the world to be a better place and you want to hold money so that you have the future optionality to purchase things sometime down the road.

If the economy is collapsing, money itself is worthless.

Bitcoin is for accelerators, engineers, blue-collar and white-collar workers, families, Republicans, Democrats, and Libertarians.

Bitcoin is for everyone who has hope for a better future.

It's just better money.

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The Author of this text is Joe Burnett.

The text is a transcript of one of his videos.

Watch it on youtube.

Thank you,
Mr GoBrr