💰 [Analysis] The case for a small allocation to Bitcoin - Wences Casares

All funds should invest 1% in Bitcoin ($BTC) according to Wences Cesares. If Bitcoin succeeds, funds could see heady profits; if it fails funds should be able to cover a 1% loss. The asymmetrical value proposition as a new sovereign system means not investing is borderline irresponsible. As the internet is to information freedom, Bitcoin is to monetary freedom. Similarly, internet and email protocol development show us that once a protocol is established, its almost impossible to knock off. So, other cryptocurrencies are unlikely to succeed and entrepreneurs should look to secondary layer systems like RSK or Lightning built on top of the Bitcoin state. For Bitcoin, the biggest risk is a price race to the bottom spurred by investments people could not afford. Volatility hedges against this by keeping risk averse individuals away from Bitcoin.