The BlackRock Bitcoin ETF is the fastest growing ETF of all time. The second fastest is the Fidelity Bitcoin ETF. In the two months since their approval, BlackRock has bought 15 billion in bitcoin. Fidelity has bought 10 billion.

The largest pension fund in the world is in Japan. They recently announced they would be researching a bitcoin allocation.

The largest energy company in Japan is Tepco. They have been mining bitcoin since 2022.

One of the biggest energy companies in the world is Exxon Mobile. They have also been mining bitcoin since 2022.

There are currently five countries openly mining bitcoin. Ethiopia, El Salvador, The UAE, Oman, and Bhutan. You could also throw in Russia because they are the third largest miner in the world and nothing happens there without Putin’s approval.

The point of all this is to highlight that bitcoin is not a fad. It is not a scam. It is not going away. It is the fastest growing asset in the history of our species. It has already overtaken silver in value. An asset that has been around for thousands of years. It is currently worth 1.5 trillion USD and only a small handful of companies like Microsoft and Amazon are worth more.

The reason bitcoin mining is flourishing is because it allows the monetisation of all energy sources. In El Salvador, they have many volcanoes. A volcano is an infinite source of energy but no one wants to live near one so it goes to waste. Bitcoin allows them to tap into the energy of a volcano and then enrich their citizens with the bitcoin it produces.

The same applies in Bhutan. They are a country surrounded by the Himalayan mountains. The melting glaciers provide an almost infinite supply of hydro electricity. Their government has encouraged miners to tap into the mountain streams and now their sovereign wealth fund is growing because of it.

If bitcoin is inevitable (it is) then there is only one option for governments to pursue in order to ensure the prosperity of their citizens for the next 100 years. That is to follow the El Salvador playbook. Throw open the door to bitcoin miners. Eliminate taxes on bitcoin transactions and capital gains. Create a sovereign wealth fund that buys bitcoin as a reserve asset.

The role of governments is to envision the future and drive society in that direction. Bitcoin is the future. It is coming whether bankers, politicians, or highly educated fiat economists want it or not. It is inevitable and in the face of something inevitable the only wise thing to do is embrace it.

The current fiat system is affecting us all. It is a Ponzi scheme in the most literal sense. It is sucking the very soul out of the younger generation because they are the losers at the bottom of the pyramid. They have zero hope for a prosperous future because no politician is offering a single positive vision.

Our current politicians stink of self-preservation. Their only goal seems to be maintaining the status quo while ignoring the fact that living conditions are declining. The current system can’t save anyone or improve anything. The current system is responsible for the entire problem and no amount of reform or legislation is going to fix a Ponzi scheme.

Bitcoin will solve many problems. The housing crisis is one of them. We have a housing crisis because older generations understood they had to buy property or the government would destroy their wealth with inflation. It was either buy property or get poor. And now 30 per cent of the properties in this country are considered investments. Keeping money in the bank wasn’t an option so they went searching for something else. Houses filled that void.

Boomers will not give up this wealth. They will defend their property interests to the end. The only way to solve the housing crisis is to coax the boomers into an asset that hurts no one when it is hoarded. This asset is bitcoin. It will be hoarded by everyone who takes the time to truly understand it and the whole of society will improve as a result.