Why Bitcoin Is The Ultimate Technology To Preserve Wealth

Welcome to the 19th edition of The Bitcoin Newsletter,

In this edition of The Bitcoin Newsletter, I will share with you a research paper that I wrote for our company oneVest Developments between early 2022 and late 2023. This research paper represents an extended iteration of an article I initially published in Bitcoin Magazine on the 29th of November 2022, titled "Why Bitcoin Is The Ultimate Wealth Preservation Technology“. The article outlines  why Bitcoin stands as the paramount technology for safeguarding wealth across both temporal and spatial dimensions.

Over 12 months I worked on the research paper to support my thesis that Bitcoin is the ultimate store of value and to make it clear to our partners and employees that it is far superior to any other asset in this regard and why we need to introduce a Bitcoin standard in our company.

In-depth I conducted a comparative analysis of the capabilities of the most widely utilized assets to preserve wealth in today's financial landscape: mainly gold, bonds, real estate, and stocks, in contrast to bitcoin. The aim was to gain insights into why previous assets underperform in this regard and why bitcoin is emerging as a much more efficient means of storing wealth over space and time.

I am delighted to share this research paper with you. In the newsletter, I have presented excerpts of the research paper and included a link to the full version below. Please note that the research paper has not undergone professional editing. If you discover any errors, kindly bring them to my attention. I’m keen to receive your feedback.

Best regards,

Leon

DEEP DIVE

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Why Bitcoin Is The Ultimate Technology To Preserve Wealth

As avid proponents of Bitcoin, albeit at varying levels of conviction, it appeared self-evident that bitcoin should occupy a central role in our companies strategy. However, as a company traditionally engaged in the development of real estate and general investment, it became imperative for us to scrutinize the prevalent alternatives in great detail. The promise of Bitcoin currently resonates throughout myriad discussions. As a permissionless and open monetary system, it provides unfettered access to money and financial services. While Bitcoin offers several use cases, including energy and infrastructure, this research paper focuses on the financial aspect. From our perspective as an investment company, we look at Bitcoin primarily as a vehicle for wealth preservation.

However, our profound interest in Bitcoin arises from our belief that it empowers humanity to preserve value unlike any technology in history—a pivotal function of immense consequence in the tapestry of human civilization, as elucidated in the research paper.

Owing to its status as an open monetary network, Bitcoin lays the foundation for a financial ecosystem wherein the accessibility of money, energy, capital accumulation, credit access, and wealth creation shall be markedly more attainable than the present paradigm permits.

This transformative potential is poised to enable greater productivity and efficiency in the global economy, ultimately elevating the overall standard of living. Notably, Bitcoins significance extends to developing nations, some of whom have so far been excluded from the global financial arena.

At this juncture in history, the world grapples with an inexorable spiral of debt that imperils savings and compels a search for alternative avenues to safeguard wealth. Bitcoin emerges as the preeminent technology to shield wealth and counter the prevailing economic uncertainties.

Currency crises and political turbulence are likely to impel most, sooner or later, to explore the merits of Bitcoin. It stands as a superior alternative to the existing inflationary fiat system. My intent in sharing this research with the public is to illuminate the exceptional attributes of Bitcoin.

Bitcoin's exponential price chart. No asset in the history of human civilization has been able to store value across space and time like bitcoin (Source: Wicked).

I trust that this research paper will help those in my sphere of influence and yours to understand the profound meaning of Bitcoin, and hope it will be useful in your own Bitcoin journey or in guiding the path of your friends and family members.

Although I have always known how superior Bitcoin is at storing and transporting value, it was important to me to take the time to take a close look at other common investment and savings instruments in order to properly argue with our partners, why we should adopt a Bitcoin standard. I am very pleased to finally share this research paper with you. A lot of time, energy and work went into it.

Like me, most Bitcoin enthusiasts do not view bitcoin as an investment, but rather as a breakthrough technology that has the potential to positively impact the course of humanity.

It's not about amassing wealth in terms of fiat currency; it's about measuring your wealth in bitcoin, which becomes your wealth, fully controlled by you (Gigi, 2022).

If you're concerned about being "late" to Bitcoin, let me assure you that you're not. In fact, if bitcoin fulfills its promise and becomes hard money, it will never be too late to use it (Arman The Parman, 2022). Bitcoin is not only an excellent savings vehicle, it ranks among the greatest technological innovations of all time, alongside the likes of steel, the printing press, the steam engine, and electricity. The best time to buy bitcoin may have been in 2009, but the second best time is now.

Full version of the research paper: READ

PS: This research paper has not been professionally edited. If you find any errors, please bring them to my attention.

WORTH TO KNOW

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**Podcast and publications

Bitcoin Audible DE: What is the best store of value in times of conflict?** On Bitcoin Audible Germany you can now find the reading of my German article: “Bitcoin vs. Real Estate: Which is the better store of value in times of conflict?”, originally published in Bitcoin Magazine, followed by a commentary, which is highly recommended. LISTENSchweizer Monat - Bitcoin vs. Real Estate In the new issue of Schweizer Monat, a liberal Swiss monthly magazine founded in 1921, you will find my article «Bitcoin schlägt Betongold», in which I explain the advantages of Bitcoin over real estate as a store of value in the digital age. READ

IDEAS OF INTEREST

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Mises: The Last Knight of Liberalism - Jörg Guido Hülsmann - I'm currently reading Hülsmann's biography of Ludwig von Mises, a towering figure in the Austrian School of Economics. Mises' personal journey, from the optimistic belief in world peace in Vienna during his youth in the 1880s to his harrowing escape from the National Socialists in the 1930’s, resonates deeply with me. It's a story that, though set in a different era, echoes potential modern narratives, even reminiscent of Berlin in the 2000s. While it seemed back then that world peace was near, today the next world war seems imminent. Hülsmann's work offers profound insights into Mises' life and the era he lived in, providing valuable lessons on how historical patterns might inform our understanding of today's world. READ

Decentralizing Bitcoin Mining Pools w/ Bitcoin Mechanic (BTC161) - In this episode of the Bitcoin Fundamentals Podcast, Preston Pysh and Bitcoin Mechanic discuss the intricacies of Bitcoin mining and why spam is hurting Bitcoin adoption. WATCH

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Lightning: [email protected]

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ResourcesWhy Bitcoin is the ultimate wealth preservation technology - Leon A. Wankum

Why Bitcoin is digital real estate - Leon A. Wankum

Why Bitcoin is pristine collateral for lending - Leon A. WankumIs Bitcoin’s distribution fair ? - Arman The Parman

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Photo Credit: Wicked

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Disclaimer: the content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Make sure you do your own research before making any investment and be aware of your own risk tolerance. If you like to build on my thoughts, feel free, but please cite me as the source. 2024 - Leon A. Wankum. 

Editing and content creation by Clemens Haidinger.

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