The term “transitory” turned out to be the only thing…transitory. — Seasons greetings! I’ll keep it short this week so that we can all thoroughly enjoy spending time with family…now that Bitcoin is back over $50k. Remember last Christmas? That was the best. If you don’t remember, BTC was at $23k on Christmas Eve and consistently broke new all time highs…

The price of Bitcoin has never changed. It’s always been 100 million Satoshis. — Well, every cycle teaches us something new. This time around, it was probably a good time to take some chips off the table (if you’re a trader) when everyone at the same time was calling for an easy $100K Bitcoin by the end of year. I mean, it’s not entirely…

“Once upon a time, Gold was the most desirable store of value. Now Bitcoin is taking its place.” — Michael Saylor — Michael actually had way, way harsher words for gold in a segment on Yahoo Finance following the crypto congressional hearings on Wednesday. However, we have some gold bugs on our mailing list who are still easing up to Bitcoin so I’ll leave it at that. Watch at your own discretion:

Bitcoin is concentrated digital energy that is strong, true, pure, & timeless — Michael Saylor, CEO MicroStrategy — Back in the day I remember “Michael” was a very common name. There were always a few in every class. I’m glad parents got a little more creative as years went on and that the name “Michael” is now reserved for Giga Chad bitcoiners like Saylor and I — kidding…

Don’t miss the forest for the trees. — Happy Thanksgiving to all of my American friends out there. Now can you please lift your forehead off of the sell button and wake up from your food coma? As a reminder, last Thanksgiving Day wasn’t so fun either — at the time. I mean, in retrospect, it was the…

Time in the market > timing the market. — Well, I’ll tell you what, it is much more enjoyable writing these newsletters when prices are ripping versus cooling off. I thought that the crypto Gods would at least give me a bit of a break for my 50th newsletter but hey, here we are. Sitting here sub-$60k makes it…

“The Bitcoin thesis is that we are going to see continued growth in non-sovereign money. People around the world are going to see the value of a censorship-resistant, highly-secure digital asset such as bitcoin.”– Jeremy Allaire, Circle CEO, CNBC, June 24, 2019 — Apparently things are becoming increasingly more expensive for most people. However, there are some crazy people like me (and most of you) that have chosen to store our wealth in Bitcoin and have seen the opposite effect as our purchasing power continues to rise.

“Our focus is on helping bitcoin to become the native currency for the internet..we have a number of initiatives towards that goal” — Square CEO, Jack Dorsey — Lately, I’ve been feeling that these weekly recaps are too long. Moving forward, I’m going to (try to) keep them short(er) and sweet. But man, there is so much going on. The last few weeks have felt like years — crypto “weekyears” are certainly a thing.

“The road to serfdom consists of working exponentially harder to earn a currency that is growing exponentially weaker.” — Michael Saylor — There are so many important things happening for Bitcoin these days that it’s still shocking to me that the meme coins are still a thing. Fair enough, I mean I’m excited for folks sticking it to the man by getting filthy rich off a “dog coin.” Aside from this…