An Interesting Time for Bitcoin

As bitcoin's price continues to rise, why be interested?

Most of the assets I talk about have a centralized third party controlling and influencing them. These assets require other people to perform specific tasks on your behalf as the shareholder, thereby generating cash flows for you. The CEO and board members are responsible for directing a company toward profitability, thereby increasing the value of your stock. Mutual funds and ETFs have portfolio managers and administrators. These assets also necessitate a custodian to hold assets on your behalf. Real estate investments often require a property manager an depend on tenants paying their rents.

Over the past decade, a new kind of asset has appeared. This asset has a lot less utility. You can't live in it. You can't eat it. But it also has a lot less trust involved. You don't have to rely on others. You can use the magic of the internet to receive, hold, and send out this asset, all in a trust-minimized system. And, it is constructed to be scarce.

There are several reasons to believe this new currency is here to stay: