I’m glad I finally bought Bitcoin in November (at about $13K).

I first heard the word “Bitcoin” in 2012 when a friend from Business School said “we should just mine Bitcoin” for a group project.

We ignored him.

He was the youngest guy in our class at 21 and super precocious.

I’m curious so I read so many takes about where Bitcoin is going, how risky it is, and how governments might respond.

The cognitive overload from trying to parse through all that and do your day job isn’t worth it.

Is it a store of value? Is it a payment system? Is it a fluke?

To me, today, I own Bitcoin simply because it’s a call option on future wealth.

The payoff is pretty clear. I lose X (whatever I’ve invested) or I gain an unquantified upside.

All I need to worry about for now is the value of X.

The store of value argument is compelling.

Especially with inflation at 12%+.

But when an asset jumps around 20% in a day, it’s hard to completely buy that, as someone playing at the periphery.

And that’s fine.

If (or as?) I get comfortable, then it’s a no-brainer.

Some very smart people are long BTC.

They could be wrong.

But there’s a higher likelihood that they are right on this issue than I would be if I had a different view.

I take comfort in that.

I’m happy to bet on them.

Long story short, I’d like to see more women own BTC simply as a call option on future income/wealth.

The point is, whatever you invest ($100 or $100,000) the payoff looks pretty simple.

Everything else is noise.

I find that compelling.

(I own some ETH for diversification).