My view on Bitcoin…

…is less of a view, and more just experience. You stop needing ‘views’ about Bitcoin after some time in crypto. The experience however, is of an easy, reliable way to transmit value. You can send it directly to anyone with a pub btc address, without the worry of any intermediary letting you down. I’ve used the network often in trading, where its wide liquidity is comforting and also its more steady price. Or at least, its slower price action compared to other cryptos popping up and down.

I’m starting to use other networks to move Bitcoin, where it’s ‘wrapped’ or pegged. Why? It’s quicker, and fees are lower and you can also earn higher rates of interest on it in de-fi vaults, versus custodians like Blockfi. Keeping most assets liquid is important. If you need them in a hurry, then you don’t want them in Blockfi or under anyone else’s control.

The Bitcoin network needs to be there. It’s a safe zone, and it can hold surprises. Other networks may start tapping into its secure power.

Recently it’s been a lot more volatile since the start of the bull market, triggered by external events which make valuation more tricky. I use other coins which are more stable, not necessarily stablecoins.

Each market cycle brings new depth to the crypto rabbit hole and it gets harder to escape. Each wave brings a wave of new users, innovators and…