From Wall Street to Sats Town: An ex TradFi's Thesis for Betting on Bitcoin
Having been entrenched in the traditional finance industry for over a decade and halfway through my CFA journey, I found myself captivated by Bitcoin and let's say, I never looked back. Despite the increasing adoption and moon boy chants growing louder, I prefer approaching Bitcoin with a sound investment thesis, especially when I explain to my TradFi colleagues why I'm so obsessed with this asset. Here are the five key investment principles that guide my perspective: Historical Trends with Fiat: Reflecting on history, we can observe that fiat currencies usually have a 50-90 years lifespan. We transitioned to a full fiat currency with the US dollar in 1971, courtesy of the Nixon shock. While history may not always repeat itself, it often rhymes - "this time it's different" are often the last words uttered by a faltering civilization. Unsustainable Debt: Following the 2000 and 2008 financial shocks, instead of allowing the system to collapse and rebuild, w