You don’t buy Bitcoin. You sell fiat to acquire sats. The price is just an exchange rate between two units. One expands by design. The other does not. Fiat loses purchasing power over time. Bitcoin preserves it. When viewed correctly, timing matters less than direction. You are exchanging a melting asset for a scarce one. People fixate on entry price because they still think in fiat terms. But the goal is not to “get rich.” It is to stop getting poorer. Each sat acquired is stored time and energy. Verified. Portable. Final. Over the long term, the exchange rate will fluctuate. The monetary properties will not. Acquire sats. Hold your keys. Measure wealth in what you keep, not what you trade. #Bitcoin

Arrived back in London today. At Heathrow, I overheard someone say their Heathrow Express ticket was £30. £30 to take a train from the airport into the city. This is not a transport story. It is a currency story. Purchasing power is what money can buy. When everyday services absorb larger portions of income, purchasing power has declined. Not long ago, £30 represented meaningful optionality. Today, it is consumed by a short, unavoidable trip. The number stayed the same. The value did not. This is how currency decline presents itself. Quietly. Through routine transactions. Most people notice prices. Few notice the unit of account failing. #GBP #Inflation #PurchasingPower #SoundMoney #Bitcoin

The price barely moved. It proves where price discovery now lives. Bitcoin’s fiat price is set mostly off-chain: derivatives, ETFs, netting, leverage, and internal settlement. Large purchases can be absorbed without touching the base layer. That is not Bitcoin failing. That is financialisation reappearing on top of it. There is no public proof that institutional holdings are unbacked. There is also no cryptographic proof that they are self-custodied. Both statements matter. The risk is not institutions owning bitcoin. The risk is bitcoin becoming something people hold claims on instead of verify. Paperisation does not break Bitcoin. It breaks people’s relationship with it. The protocol remains unchanged. 21 million still exists. Nodes still enforce the rules. The only defence is participation: – self custody – node verification – earning and spending sats Price does not secure Bitcoin. Users do. #Bitcoin