Table of Contents

• Hard Asset of the Future?

• Bitcoin: Not Just Another Crypto

• How to Invest in Bitcoin?

• Purchasing Bitcoin on Exchanges

• Transferring Bitcoin to a Wallet

• What Bitcoin is Not

• The Libertas Perspective on Bitcoin

Hard Asset of the Future?

In The Sovereign Individual, James Dale Davidson and Lord William Rees-Mogg predicted the rise of remote work, YouTube, and even Bitcoin.

What's crazy is they did this way back in 1997!

You see, Davidson and Rees-Mogg saw the potential of the internet early. They realized that as more and more value could be created digitally, this would have dramatic downstream impact for individuals.

People would begin to consume content tailored to their specific interests rather than whatever was pushed through a finite number of television channels, for example.

They would even begin to try to escape oppressive government by packing up shop and moving to a more friendly jurisdiction.

They also foresaw an encryption based digital currency developing in the future, that they called "cybercash."

Davidson and Rees-Mogg saw the emergence of cybercash as an inevitability because individuals, who did not want to be beholden to governments to enforce property rights or be subjected to monetary devaluation via inflation, would flock to it.

Davidson and Rees-Mogg's prophecy became reality on January 3, 2009.

The first ever block, the “genesis block,” of Bitcoin was mined by Bitcoin's pseudonymous creator Satoshi Nakamoto on that day.

You've probably heard about Bitcoin along with a myriad of other crypto projects, many of which come and go.

Bitcoin: Not Just Another Crypto

Bitcoin is a censorship resistant, self-custodial, and disinflationary digital asset.

Let's break that down.

Unlike transactions in the traditional financial system, Bitcoin transactions can't be stopped.

No single centralized authority controls the happenings of the network, so you can send your Bitcoin to any address anywhere in the world.

You can self-custody your Bitcoin, which means that as long as you know your "seed phrase" (think of this like a long password), and no one else does, only you can access your Bitcoin. No governments, no criminals, no third parties; only you.

And finally, Bitcoin is disinflationary, meaning that there is a finite amount that will only ever be "mined" and that there is no central controlling body that can just "print more" Bitcoin (unlike our beloved US Dollar).

As an investor, there are other reasons to like Bitcoin as well.

Often times the best investors aren't the ones who made the best gains in any given year, but instead its the ones who don't risk everything in the pursuit of profits and don't get blown up along the way.

With thousands of crypto tokens having hit the market (colloquially dubbed "alt coins"), and a high percentage of those projects having already failed, Bitcoin has staying power like no other crypto project ever has.

Not only is Bitcoin the oldest and the highest market cap crypto, it is also one of the most decentralized, which makes attacking and shutting down the network more difficult for criminals (like the government).

Even if some mega-entity with enough capital to attempt to attack the network did so, it would cause such a burden on the computing components market while attempting to make enough miners to attack the network that global markets would be very aware that something was happening long before it did.

It is unlikely that Bitcoin's price movements will match those of a select few alt coins that soar to the moon.

But it is also unlikely that it will crash and burn like many alt coins have in the past.

You also don't have to worry about Bitcoin being a “rug pull” - there is no central team that controls the project in the same way there is for almost every other token.

In that sense, Bitcoin is more like a commodity than any other crypto token.

I want to be clear, I'm not saying you shouldn't allocate capital to other crypto tokens; after all, we certainly have.

The point I'm making is simply that Bitcoin is in a whole different category than any other crypto project.

Speculate on alt coins, but go in with your eyes open and be aware that you could be getting into a rug pull.

So if you want to get involved in the crypto markets, but don't want exposure to all of the risks that come inherent to alt coins, the one line take away is to buy Bitcoin and self custody.

How to Invest in Bitcoin?

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