Bitcoin, Kept Pure
Daniel Gonzales@danielg
−1.2%
since Oct 9
The idea
I believe AI is pushing the cost of making most things toward zero, which makes whatever truly can't be printed more valuable: bitcoin, with its fixed supply of an amount coins secured by energy and issued by no one. This basket is entirely bitcoin, split between a direct coin holding capped at 25% and several large funds that custody bitcoin, with the rest spread across managers. About 15% stays in cash to buy more on sharp drops. The plan is to hold for years through volatility and only change course if the case for bitcoin as scarce capital breaks down.
What it owns
- These funds hold nothing but bitcoin, so they allow the take to hold more of the asset without exceeding the limit on any single holding. · iShares Bitcoin Trust ETFBlackRock's fund holds actual bitcoin in custody and tracks the coin's price closely., Fidelity Wise Origin Bitcoin FundFidelity's fund holds bitcoin through Fidelity's own custody, spreading the coin across a different keeper than other funds., ARK 21Shares Bitcoin ETFARK and 21Shares run this fund with bitcoin in custody, adding another manager so no single firm's trouble hits the entire basket., Bitwise Bitcoin ETFIt holds bitcoin with low fees, so less of the coin's gains leak away as costs over time.60%
- Holding bitcoin directly provides exposure to the scarce asset without intermediaries or counterparty risk. · BitcoinIt is bitcoin itself, the scarce asset at the core of the take.25%
- Cash15%