The Secret To Investing In Bitcoin
Don't Be Greedy Or Irrational
The bitcoin and crypto market saw approximately $10 billion in liquidations in just 24 hours on Feb 3, 2025.
Quite brutal.
There are a number of lessons to be learned from this, and I wrote about some of them in the piece below:
Another lesson, which I didn’t touch on in the piece, is invest in bitcoin, not crypto. (That isn’t financial advice (nor is anything I share in this newsletter); it’s just my opinion.)
If you choose to speculate in crypto markets, be prepared for brutal drawdowns and for the coins and tokens you purchase to never again reach all-time highs versus bitcoin. (No crypto coin or token has ever made consecutive highs versus bitcoin in subsequent bull markets.)
And remember that the influencer who convinced you to purchase a coin or token at best doesn’t care about you and at worst has inside information and is trading against you.
Plus, many of these influencers have been through brutal drawdowns in crypto markets before but are acting surprised as this one happens.
Here’s an example of such an influencer behaving in such a way:
Stay safe out there. Spot bitcoin and chill.
Mr. Corva Goes Back To Washington
On Tuesday, I went down to D.C. to cover the first ever press conference on digital assets hosted by the U.S. government.
Based on what I learned in the press conference, the Trump administration will prioritize stablecoin legislation over legislation related specifically to bitcoin.
Bitcoin’s price tumbled in the wake of the press conference.
PROMOTION
Still have your bitcoin on an exchange?
That’s cool. Just don’t call it bitcoin; call it what it is — a bitcoin IOU.
The Trezor Safe 3 helps you actually own your bitcoin.
Live On A Bitcoin Standard In Europe
This week, I published a Founders piece on the CEO of Bringin, a web app that helps European Bitcoin enthusiasts more readily spend their bitcoin.
It’s also a “third generation” exchange that makes on-ramping and off-ramping to Bitcoin easier than ever.
Check out the piece to learn more:
Bitcoin Is No Longer Legal Tender In El Salvador
The IMF has forced the government of El Salvador’s hand in repealing its bitcoin as legal tender law.
(The vote to repeal the law was done in a very secretive way from what a source on the ground tells me; no member of the government has yet addressed the issue publicly.)
Despite this setback, Bitcoin believers on the ground in the country continue to foster Bitcoin adoption.
I wrote a piece to honor their efforts this week:
Hat Tip To The Czech Republic On Its New Bitcoin Law
This week, the Czech president, Petr Pavel, signed into law that Bitcoin holders in his country don’t have to pay capital gains taxes on their bitcoin after 3 years.
I’d love to see the United States create a similar law, except instead of three years, we opt for zero years.
That’s all for this week, and thanks for reading!
Here’s to a wonderful week ahead!
Best,
Frank
X | LinkedIn | YouTube | Instagram | Spotify | Apple Podcasts | Fountain | Wavlake
Nostr: npub1dnzzyhmewrzkh862z7z2shwmhh5htx0rvkagepj2fkgst9ptwg3qj4x52h
