The Bitcoin Wizard | Vice President, Investments @Strive Christ. Family. Bitcoin. In that order.
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“Bitcoin is too volatile.”
Fine. Let’s price the volatility.
Sharpe ratio since Jan 2020, after subtracting T-bill yields:
Bitcoin 0.85
Nasdaq 0.71
Gold 0.69
S&P 500 0.58
Silver 0.54
The most volatile asset on the board paid the most per unit of risk.
Bitcoin pays you .
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Want to have your mind blown?
In 1971, the median household income was $9,030, or 220 ounces of gold.
In 2025, it was $87,460, or just 25 ounces of gold.
Your paycheck went up 10x.
Measured in gold, it fell 88%.
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I trust humanity to build nuclear reactors, land rockets vertically, sequence genomes, and manufacture semiconductors with features measured in nanometers.
I do not trust twelve people sitting around a conference table to determine the appropriate quantity of money.
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Bitcoin is 50% below its all-time high priced in gold.
20.0 oz/BTC today vs 40.1 oz in Dec ‘24.
Every prior BTC/gold cycle made it back, between day 1,109 and 1,141 after the peak.
This cycle’s window is Dec ‘27–Feb ‘28.
A return to ATH means:
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Every digital credit instrument has outperformed Bitcoin YTD.
Every dividend has been paid.
Interesting data:.
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“Bitcoin has no intrinsic value.”
Correct.
Unlike a dollar, whose intrinsic value comes from a sacred government ritual where someone presses CTRL+P and your retirement gets 6% further away..
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SATA has traded more than 15% of the top-10 combined preferred stock dollar volume for five straight weeks.
Before September, it had done that once all year.
$SATA .
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Want to have your mind blown?
Everyone thinks that housing is getting expensive.
The median new U.S. home in 1971 cost $25,200.
That was 617.6 oz of gold.
At today's gold price, that's $2,557,096.
The median new home today? About $410,700.
So no.
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SATA had 530.2K shares traded today - roughly $53.0M in dollar volume, about 1.64x average daily volume.
Closed above par @ $100.01.
.
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Want to have your mind blown?
The median U.S. family income in 1971 was 252.2 oz of gold.
That would be $1,053,623/yr today.
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SATA just had its calmest month since IPO.
September annualized volatility: 1.5%
21 trading days. Low of $99.46. High of $100.01.
$SATA .
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Can a Bitcoin-heavy corporate balance sheet manufacture high-quality senior capital that becomes acceptable collateral elsewhere in the financial system?
What are the ramifications of this?
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A 130-year-old American candy institution just got passed in market cap by a Bitcoin treasury company with ~30 employees whose current capital structure did not exist a year ago.
Through a Bitcoin bear market.
Bitcoin is powerful..
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Future historians are going to read that we had an absolutely scarce monetary asset available globally 24/7 and millions of people said:
“Seems risky.”
Then they bought 30-year government bonds..
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Just landed in NYC!
Mark Normand is on my flight which is cool. One of my favorite comedians.
Let me know if you wanna hang out tonight!
BITCOIN IS INEVITABLE..
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