This is the argument for a 5% allocation to Bitcoin.

It’s a summary of Wences Casares’ blog post written nearly two years ago (with direct quotes copy pasted).

Part one: Why Bitcoin could hit $1 million

Part two: Why you should buy Bitcoin

Here we go! 👇👇👇

0/ First, if you don't know Wences, you should.

He founded Xapo, a Bitcoin custodian in 2014.

He's also a board member at Libra, PayPal, and Kiva.

But most importantly, he's responsible for bringing thousands of people into Bitcoin.

I'd recommend his podcast with @laurashin

1/ PART ONE

Bitcoin right now is similar to the Internet in 1994.

You don't need to know how the Internet works to understand it.

You don't need to know how Bitcoin works to understand it.

Investors who understand this will have an advantage over investors who don't.

2/ Up until Bitcoin, all computer platforms belonged to a person, company, or government.

Those platforms had to obey the will of their owners and the rules of the jurisdiction where they resided.

Bitcoin takes control away from the owners.

3/ A sovereign only obeys its own rules, no one can impose rules on a sovereign.

Kings and Queens used to be sovereign.

Then nation states became sovereign.

Now, for the first time, a computer platform has the aspiration to be sovereign.

This is revolutionary.