Why I'm Still Bullish on Bitcoin (Despite Everything)

I know what you're thinking. "Bitcoin is old tech." "It's too slow." "Ethereum is better." "What about [insert latest altcoin here]?"

I've heard it all. Hell, I've thought it all. But after 7 years in this space, watching hundreds of "Bitcoin killers" come and go, I'm more bullish on Bitcoin than ever. Let me explain why.

The Boring Truth About Bitcoin

Bitcoin is boring. It doesn't have smart contracts. It doesn't have NFTs. It doesn't have the latest DeFi protocols. And that's exactly why it's valuable.

Bitcoin does one thing really well: it's digital money that no government can control, no company can shut down, and no individual can manipulate. That's it. That's the whole value proposition.

In a world where governments are printing money like it's going out of style, where banks are failing, and where inflation is eating away at savings, having a form of money that's outside the system is incredibly valuable.

What I've Learned Watching Altcoins

I've owned probably 50+ different altcoins over the years. Some made me money, most didn't. Here's what I noticed:

They all depend on their founders. Ethereum has Vitalik. Solana has Anatoly. Cardano has Charles. If something happens to these people, what happens to the projects?

They all have ongoing development risks. Every upgrade is a potential point of failure. Every new feature is a new attack vector. Bitcoin's simplicity is a feature, not a bug.

They all compete with each other. There are dozens of "Ethereum killers." But there's only one Bitcoin. It's in a category of one.

They all have inflation. Most altcoins have ongoing token issuance. Bitcoin's supply is capped at 21 million. Forever.

The Network Effects Are Real

Bitcoin has something that no other cryptocurrency has: true network effects at a global scale.

• Brand recognition: My mom knows what Bitcoin is. She doesn't know what Solana is.
• Institutional adoption: MicroStrategy, Tesla, El Salvador. They're not buying Dogecoin.
• Developer mindshare: The smartest people in crypto are still working on Bitcoin.
• Regulatory clarity: Bitcoin is increasingly seen as a commodity, not a security.

These network effects compound over time. The bigger Bitcoin gets, the harder it becomes to displace.

The Macro Environment

Look around. What do you see?

• Central banks printing trillions of dollars
• Inflation hitting 40-year highs
• Government debt spiraling out of control
• Banks failing and needing bailouts
• Currency wars between major powers

This is exactly the environment Bitcoin was designed for. It's a hedge against monetary debasement and financial system instability.

I'm not saying Bitcoin will replace the dollar tomorrow. But as a store of value and hedge against systemic risk? It's the best option we have.

The Technical Improvements

Yes, Bitcoin is "slow" compared to newer blockchains. But it's getting better:

Lightning Network: Instant, cheap Bitcoin payments. It's still early, but it's working and growing.

Taproot: Improved privacy and smart contract capabilities. Bitcoin can do more than people think.

Layer 2 solutions: Stacks, RSK, and others are building on Bitcoin without compromising the base layer.

The key is that these improvements don't require changing Bitcoin's core properties. The base layer stays secure and decentralized while functionality is added on top.

My Personal Experience

Bitcoin is the only crypto investment I've never regretted. Every time I've sold Bitcoin to buy altcoins, I've eventually wished I just held the Bitcoin.

My Bitcoin position has been my most consistent performer over the years. While my altcoin positions have been volatile and stressful, Bitcoin has just steadily gone up over time.

I sleep better at night knowing that 50% of my crypto portfolio is in Bitcoin. It's the one asset I'm confident will still be here in 10 years.

The Risks (Because There Are Always Risks)

I'm not blind to Bitcoin's risks:

• Regulatory risk: Governments could try to ban it (though good luck with that)
• Technical risk: Quantum computing could break its cryptography (but this affects all crypto)
• Adoption risk: Maybe people just don't want digital money (seems unlikely at this point)
• Competition risk: Maybe a better form of digital money emerges (possible but unlikely)

These are real risks, but they're manageable. And they're outweighed by the potential upside.

Why I'm Still Buying

At current prices (around $70k as I write this), Bitcoin still looks cheap to me. Here's why:

Only 2% of the world owns Bitcoin. We're still incredibly early in the adoption curve.

Institutional adoption is accelerating. ETFs, corporate treasuries, sovereign wealth funds - they're all starting to allocate.

The supply is getting scarcer. Every halving reduces new supply. Long-term holders aren't selling.

The use cases are expanding. Store of value, medium of exchange, unit of account - Bitcoin is becoming money.

My Bitcoin Strategy

I keep it simple:

• DCA $500 worth every week, regardless of price
• Never sell (I'm holding for at least 10 years)
• Self-custody in a hardware wallet
• Ignore the noise and focus on the fundamentals

It's boring, but it works. Bitcoin rewards patience more than cleverness.

Final Thoughts

I'm not saying Bitcoin is perfect. I'm not saying it's going to $1 million tomorrow. I'm not saying you should put your life savings into it.

What I am saying is that Bitcoin solves a real problem (monetary debasement), has strong network effects, and is still early in its adoption curve. For me, that's enough to stay bullish.

The crypto space is full of shiny new objects and get-rich-quick schemes. But sometimes the best investment is the boring one that just keeps working year after year.

That's Bitcoin for me.

This is my personal opinion, not financial advice. Bitcoin is volatile and risky. Only invest what you can afford to lose.