Fellow Investor, 

Trump is about to change Bitcoin and the world, forever. 

When POTUS takes the stage at the Bitcoin 2024 Conference in Nashville, TN it's going to change more than you can imagine.

He's going to make his biggest BITCOIN announcement yet.

An announcement so big some say it could QUADRUPLE the Bitcoin industry.

If Company #3 achieves trillion dollar status it would make it a 166X bagger.

That means if you put $10K in now, it would be worth $1.6M once the get there.

In a little over a decade, Bitcoin has become the single greatest performing asset of all time, with the returns on crypto assets having far outstripped anything else, including the high-tech laden Nasdaq and tech sector.

However it is also the most volatile - these gains were made in spite of dramatic, stomach churning pull backs and bearish cycles (called "crypto winters").

During these periods of turbulence, we need to be allocated to high conviction positions - businesses we know will continue executing on their plans during the downs, have the financial strength to do so, and even the ability to capitalize on the opportunities that appear during these periods (Company #3 was buying up distressed assets during the last crypto winter and made out like bandits).

Many newsletters are more like an endless stream of consciousness, spewing out all manner of trades, hoping something catches.

Or worse, they whipsaw you out of positions and profits by trying to time the intermediate ups and downs.

The The Bitcoin Capitalist Portfolio is a focused and concentrated, portfolio of the leading crypto stocks being owned for the long haul.

Like the value investing greats - we view ourselves as partial owners of a business, we are not daytraders or momentum chasers.

Most outsized gains in the stock market are derived from making concentrated investments on high conviction companies and then hanging on and holding - while monitoring for any changes to the underlying investment thesis.

Through profound understanding of our companies - we can also opportunistically capture shorter term windfalls via options plays and strategies:

Albert Einstein called compounding the eight wonder of the world:

"He who understands it, earns it. He who doesn't, pays it".

Because most cryptos - especially Bitcoin - are deflationary currencies - we compound across multiple dimensions:

1) The companies we seek are steadily gaining market share, users and expanding into new products and services.

2) Their finances are measured in terms of crypto currency units that gain purchasing power over time (instead of losing it, like all fiat currencies)

3) Network effects of user adaptation:

Back in telephone days Robert Metcalfe calculated that the value of a network is proportional to the square of the number of nodes in the system.

"Metcalfe's Law" means that as each additional user, project, business and investor joins the crypto economy - the entire system grows in value exponentially.

The increased value of the crypto assets on balance sheet, enables these businesses to reinvest into gaining market share (or network share in the case of Bitcoin miners), all the while contributing to the increased value of the crypto economy as a whole.

This in turn makes the more sucessful companies in the space even more valuable within it - rinse, lather, repeat.

#1) They have the competitive landscape in a world where most goods and services are increasingly commodified - leading to zero-sum dynamics where one company can only gain at the expense of the others.

#2) What meagre profits they can generate they earn in rapidly deteriorating fiat currency units ( that's if they earn anything - the majority of all publicly traded companies are actually operating at a loss).

Our companies earn their revenues in crypto, which are deflationary currencies that gain purchasing power over time - contrast with industrial era companies that are valued in terms of their earnings, crypto companies are balance sheet plays. They are valued by their assets.

Where industrial era companies will lever up and destroy their balance sheets to artificially goose their "earnings", our companies are constantly, steadily building their asset base.

"One of the best ways to predict the future, is to invent it" -- Smoking Man from X-files

The companies we identify through our FCF method provide "picks and shovels" to the crypto gold rush; they facilitate the infrastructure and services that all other digital assets, market participants and platforms require in order to operate.

Many of them create protocols, specifications and techniques that define the cryptocurrency space itself.

The FCF portfolio companies are by and large builders ...not rentiers.

Company #1 has created a Layer 2 blockchain that stands poised to take a chunk out of Ethereum itself.

Company #2 stands to usher in micropayments to the world.

Company #3 has invested in, or built in-house, over 200 ecosystems that power the crypto economy.

These are only a partial overview of the companies we hold in The Bitcoin Capitalist.

However, this is not some "hot stock" that can't run forever, this is a techtonic shift of wealth from an outgoing monetary system to a new one.

Everything you've seen over the past few years - globalism, The WEF, "Build-back-better", and now climate Marxism are all desparate attempts to keep an old order in charge, and a dilapidated system on the rails.

The last gasp of this will be CBDCs, which, in spite of Trump's best intentions, are inevitable everywhere (all Bitcoin Capitalist members will receive a copy of my forthcoming book The CBDC Survival Guide when it drops in a few months).

The Network Age - a decentralized, information-based multi-polar world secured by encryption and powered by electricity.

The tension between these two eras plays out in disruption, revolutions, "Fourth Turning" style upheaval and it does so over decades if not centuries.

That's why to truly understand where we are in the cryptocurrency story:

They would resort to endless money-printing and liquidity injections that continue to this day - each successive round of "stimulus" making the underlying fabric of the global financial system more unstable and creating even larger crises for the future.

Into this, a single document had an effect on history comparable to Martin Luther's "99 Theses" which led to the Reformation, the Enlightenment and ultimately the Scientific and Industrial Revolutions.

Today, this unfolding of history is happening at internet speeds.

This triple compounding effect creates a multi-dimensional feedback loop that confounds traditional technical analysis and industrial era "economists" - they look at the Bitcoin chart and see "Tulipmania":

Internet pioneer David P Reed realized that Metcalfe was onto something, but that even Metcalfe himself underestimated the power of exponential network adaptation when multiple networks converge and create a super-phenomenon.

When this happens - such as the explosion in knowledge that occurred after the Gutenberg Press, or the subsequent one that dwarfedit when the Internet arrived, a type of "regime change" happens, and as the world shifts to a fundamentally new way of organizing itself, the network effects of doing so feedback on themselves.

You see this as a steady movement from one state to another when you look at the number IP addresses, web pages, smartphone users, or in our case the price of Bitcoin - in logarithmic terms:

Even the epik .COM Boom and Bust took place before the real winners of the Internet Era became clear and immense skepticism abounded toward those companies who were destined to inherit the future:

But when they do, look out!

These transformative technologies reshape society itself, everything either adapts to it, or gets disrupted by the new model the technology breakthrough introduces.

Once it's clear an ascendant technology is "here to stay", it follows a very predictable trajectory:

Every month, I personally send out a 40 or 50 page letter outlining the significant events as they impact, and are impacted by, the Bitcoin Age.

That's in addition to the monthly Portfolio Update wherein I cover all of our holdings (both the public companies and the crypto-currencies themselves, see below).