Tag Archives: microstrategy

Books & Videos to Learn About Bitcoin

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Below is a list of videos, a PDF and some books I have put together to recommend for anyone who wants to learn about bitcoin. The list is most sorted from top to bottom by shortest or easiest to read to longer and more in depth towards the bottom.

Blackrock – IBIT ETF Bitcoin Page – Has a link to a 3 minute video.

Bitcoin First Revisited – PDF from Fidelity

What’s The Problem? – Demystifying why we all need Bitcoin – Joe Bryan

The world feels like it’s heading in the wrong direction—rising costs, declining standards, and growing instability. The root cause? The corruption of our money.

The Bitcoin Paradigm Shift: A Beginner’s Journey to Understanding BTC (2025) – shortest video I can find yet that explains it well!

The bullish case for Bitcoin – Vijay Boyapati ~ 2 hour book read – link below to buy

https://bitcoin-resources.com/books/the-bullish-case-for-bitcoin

Below is a link to the blog post that inspired the book “The bullish case for bitcoin” if you want to read this for free instead.

https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1

The Bitcoin Standard – Saifedean Ammous  

The Saylor Series- with Robert Breedlove -You only need to listen to about the first 1 hour of each interview where Michael Saylor is talking. The 2nd half is Robert Breedlove summarizing what Michael said. Not necessary to listen to.

The Saylor Series What is Money – Book – summary of the above podcast. This is shorter than the podcast.

EXCLUSIVE: TESLA’S $1 Billion Bitcoin Bet Pays Off | Cern Basher – A great summary of why Tesla (or any company) should buy more Bitcoin.

Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better- Lyn Alden

Extra – Can bitcoin mining empower energy transition and fuel sustainable development goals in the US?

Bitcoin Catalysts

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Bitcoin has a slew of catalysts on the horizon. The first three are increasing demand/buyers.

  1.  As I’ve written about before Microstrategy, the public company that owns the most bitcoin is selling $750 million worth of new stock to buy more bitcoin. 
  1. El Salvador, the first country to make bitcoin legal tender, is on their way to selling $1 billion in bitcoin bonds. $500 million will be used to buy bitcoin directly.   $500 million will be used to buy bitcoin miners. 
  1. At least 7 Bitcoin Spot ETF’s have been filed in the USA. This in itself is not new. There have been many filed in the past that have been rejected, for no good reason. The first one filed in this latest round has been pushed off by the SEC and opened for comments by the public, a delay tactic. But they can’t delay forever. They have to give a final ruling in January 2024. Many other countries around the world have bitcoin spot ETFs active. There is no good reason to not approve one. One will eventually be approved in the USA either now or later. Once that happens there will be a lot of new buyers of bitcoin. Currently it is rather difficult to buy bitcoin with many funds, 401k’s, IRA, regular brokerage account. But when you are able to buy a bitcoin spot ETF in any of those funds with money you already have in those accounts that just opens a lot more money to buy bitcoin. 

The 4th catalyst is a supply reducing catalyst. The next bitcoin halving is currently going to happen on April 17th, 2024. Bitcoin miners are rewarded for protecting the bitcoin network with “new” bitcoin. They have to sell a lot of these bitcoin to pay for their electricity costs. They currently receive 6.25 BTC per block. In April 2024 it will drop to 3.125 BTC. Since there will be less bitcoin being sold by miners, if the demand remains the same it’s likely bitcoin will appreciate in value. 

While bitcoin is very volatile it should be remembered that the goal of bitcoin is to not be volatile. It is currently volatile due to all the people speculating on its future value. Some people bought it 6 months ago and it’s doubled in price so they are selling because they have made 2x their initial money. In the long run bitcoin’s price will only go up as the value of goods grows. It will only go up with inflation. That is the end goal of bitcoin.

Microstrategy $750 Million to Buy MORE Bitcoin!

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Microstrategy is a large software analytics company. It is also the company which holds the most Bitcoin. Microstrategy currently holds 152,800 bitcoins.

This is 0.73% of all Bitcoin that will ever be created! There will be only 21 million Bitcoin ever.

It’s also estimated that perhaps 4 million bitcoin have been “lost” with old computers that people have lost so that means 152,800/17 million = 0.9% of all Bitcoin that will ever be available! Only 19 million bitcoin have been issued. The final 2 million will be issued over the next 120 years, so that means there are only about 21-2-4 = 15 million bitcoin available for purchase today. So Microstrategy owns over 1% of all Bitcoin available today!

And they are buying more!

MicroStrategy is planning to raise up to $750 million via a stock sale and says it may use the proceeds to buy more Bitcoin- Cointelegraph

The reason Microstrategy is buying more bitcoin is because they see it as the supreme ownership asset. In a world where more fiat currency (USD, Euros, Yen) are created everyday something that is ultimately scarce is valuable!

You can watch the Chairman of Microstrategy, Michael Saylor, discuss bitcoin here, for 1 hour, or if you are really interested he discusses history, energy and bitcoin here for many hours. I watched the hours and hours podcast as it’s fascinating!
This development, Microstrategy, buying more and more bitcoin, is a signal in the noise of everyday life where people are talking about if you should buy bitcoin, or gold, or stocks. There are things that are signals and things that are noise. This is a signal. KPMG putting out a paper about bitcoin being ESG friendly is also a signal. 

You should watch for signals and act accordingly!

Remember! Don’t FOMO buy thousands and thousands of dollars of Bitcoin unless you are ready to temporarily lose 50% or more.

Don’t invest any more into Bitcoin than you are willing to lose. While I think it will be fine, it’s always possible something wild could happen and it could go to $0 (I doubt this but keeping all possibilities open).