Bitcoin Marketcap
$1.87T
Gold Marketcap
$16.15T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.87T
Gold Marketcap
$16.15T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
15 Dec 2020 | | Price when published: $19,362 (ROI since: +412%)
Filed under: fundamentals reports
This letter articulates Stone Ridge's bitcoin thesis through 1st-principles arguments; a tour of money, monetary history, and our present moment in the US. It describes the firm's founder's "aha moments" pertaining to bitcoin, and how the firm is approaching the investment.
Sometimes shareholder letters are great reads, and this is one of those times.
Acknowledging, with profound humility, that we are only one firm, a major goal of our Bitcoin-focused affiliate is to help America avoid missing the Bitcoin turn.
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I study Bitcoin standing on the shoulders of giants, pioneers who have come before me and blazed the trail. There have been dozens of moments in my past eight years of morning study when I had to put the book down, or pause the podcast, sitting in stunned silence for a while, after reading or hearing something that I knew immediately would change my worldview forever.
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Bitcoin may also represent the biggest catalyst the world has ever known for developing abundant, clean, cheap energy. And, therefore, one of biggest catalysts in the world for human flourishing.
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In a world replete with monetary unfairness, injustice, the institutionalization of moral hazard, and the Stateβs increasing domestication of our individuality, Bitcoinβs incorruptible fairness, justice, truth, and beauty represent a beacon for all optimists who seek personal sovereignty, personal improvement, and peace
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