Bitcoin has a preprogrammed algorithmic stock to flow ratio. The ratio is calculated by dividing the existing stock of bitcoin by the flow of bitcoin to be mined annually.


Bitcoin Blackhole

Let’s compare two vastly different monetary technologies.

One is government fiat currency (USD) and the other is bitcoin.

One has an exponentially growing future supply, and the other has a fixed total supply. One is unpredictable and controlled by central bankers and politicians, and the other is predictable and controlled algorithmically by code and user consensus.


Bitcoin currently trades at $37,500 per coin. All of the Bitcoins that currently exist are worth more than $700,000,000,000. That’s $700 Billion Dollars.

Bitcoin is a revolutionary new type of asset, a digital asset. Before Bitcoin, this concept of a scarce digital asset with no counterparty risk did not exist. It was not possible to create a scarce purely digital asset, like a physical gold bar on the internet.

Since Bitcoin is such a marvel new concept, many people have yet to grasp its meaning and utility. One common misunderstanding is that Bitcoin may be “replaced” by a new coin…


We are in the early stages of a transition between two monetary systems, InFi and DeFi. No, I’m not talking about DeFi as in “Decentralized Finance”. I’m talking about InFi (Inflationary Finance) and DeFi (Deflationary Finance).

As we begin moving away from man-made InFi and towards the inevitable game theoretic convergence on DeFi, we can begin to visualize the new financial system that will likely leave the heads spinning of many 20th century Wall Street experts.

To be clear, DeFi is when the world is entirely under a Bitcoin standard. This is a direct result of Bitcoin’s unique monetary properties…


Currently, there are roughly 18.6M Bitcoins that exist (maximum of 21M Bitcoins). Since March of 2020, when Covid fear reached its peak, lockdowns commenced all across the world, and markets collapsed, the number of Bitcoins held on exchanges has decreased at an unprecedented pace.

Directly before the 2017 bull run, we saw a much smaller, but similar phenomenon. In August of 2016, we witnessed total exchange balances peak at 1.06M BTC. At the beginning of 2017, 0.94M BTC remained on exchanges, meaning 120,000 BTC were removed (-11% decline).

This bull run appears to be telling a more extreme story. In…


Is $27,000 BTC “cheap”?

Most people first hear about Bitcoin from its “NgU Technology” (Number Go Up Technology). Typically, Bitcoin’s never-ending parabolic price increases set off alarms for many intelligent people.

They see the price going up on something they don’t understand, and they get additional confirmation bias from other smart individuals (on CNBC and Bloomberg), who also don’t understand. This has led many smart people to write Bitcoin off as a “bubble” or “ponzi” without taking much time to look into it.

In my mind, this is actually perfectly rational behavior from their perspective. Wall Street and finance professionals aren’t computer scientists. They…


$MSTR

MicroStrategy, the billion dollar publicly traded business intelligence software company became famous among the Bitcoin community after announcing it has adopted Bitcoin as their primary treasury reserve asset. Now it has taken its Bitcoin position one big step further.

MicroStrategy is issuing $650M of unsecured corporate debt at an interest rate of 0.75% that is not due until 2025.

This means that MicroStrategy is borrowing $650M at an incredibly low interest rate without having to post any collateral. All MicroStrategy must do for the next 5 years is pay $4.9M …


Medici Patronage

“The only question with wealth is, what do you do with it?”

John D. Rockefeller

The topic of wealth preservation has not been more relevant than it is today. With the global economy being decimated for reasons known and unknown, it remains to be seen how families around the world will cope with the fact that their fortunes, often hard-earned across generations, may soon vanish. Is there a way to prevent it from happening?

Economy in Dire Straits

The state of the world economy is clear to an attentive observer. Sovereign debt is through the roof, the printing press is operating at capacities…


1 BTC = 1 BTC

“Bitcoin is the world’s best treasury reserve asset, the emerging dominant monetary network, and the solution to the store of value problem faced by 7.5 billion people & $300 trillion in capital. At this point, it is all but unstoppable.”

Michael Saylor (Founder & CEO of MicroStrategy)

Bitcoin is the most certain asset in the entire universe.

It is an asset that has two unique characteristics that no other asset has combined.

  1. No Counterparty Risk — the other party in an investment, credit, or trading transaction may not fulfill its part of the deal and may default on the…


$330,000,000,000 (3300億美元)

沒錯,這個數字是目前世界上所有比特幣的價值。

在2009初期,比特幣才剛誕生。但如今,比特幣的總數量已高達一千八百萬枚,且一枚價值將近兩萬美金(1850萬 x 18000= 3300億美元總價值)。

比特幣為什麼這麼有價值?都是哪些人在買這些 “數字貨幣” 呢?更重要的,是哪些人不想賣掉它呢?

比特幣是一種特殊資產

在編寫此文時,一枚比特幣的價格大約是18000美金。不過,每個人認為它的價值都不一樣:有些人覺得它一文不值,有些人覺得它就差不多值18000美金,有些人卻覺得一枚比特幣價值可超過一千萬美金!

根據主觀價值論,任何東西的價值都是由於購買者肯付出多少代價計算的。每個人在每時每刻都可以去買賣比特幣。

那麼問題來了:為什麼有些人把比特幣看的如此高高在上?此外,比特幣是如何成為近2年,5年,和10年來表現最好的資產之一?

麻省理工學院校友和 MicroStrategy(一家市值十億美元的上市科技公司)的創始人/首席執行官 Michael Saylor 說, “比特幣能夠收集世界上所有的貨幣能量。因為只要你把它儲存在安全的地方,它不需要供電而可永久儲存,而且可以快速地轉給任何人!

有些人認為比特幣是錢,有些人認為比特幣是數位黃金,有些人認為比特幣是貨幣。但其實任何比喻都不是那麼精確。

因為比特幣就是比特幣。它的獨特性使其不同於任何其他事物。

Mimesis Capital

Mimesis Capital is a single-family office that focuses on wealth preservation through #Bitcoin, equity investment, and investment-grade art.

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