On the mind.

Outside of our new house, family, and work here at White Rabbit Group, the thing that’s been on my mind the most this week is… Bitcoin and blockchain.

I’ve got multiple group chats blowing up and if you’re into cryptocurrency or have been in it for a while then you’re probably stoked right now! If you sold a while back, you’re probably not so excited.

Bitcoin is on the verge of hitting $100k. It’s currently at $99,235.53, according to CoinMarketCap.

If you’re not really into Bitcoin, that’s fine, but you should at least be aware of this phenomenon. It’s too big of a topic to fully explain here, so I’m going to assume you know the basics of what it is and how it works. If you don’t, here’s a link to a great article to get you started: An Intro to Bitcoin.

My first Instagram post was about Bitcoin, and the first Bitcoin I bought was back in 2013.

So, I’ve been in it for a while and understand it well. You’re probably thinking: “Well, jeeez, Greg, you got in so early. You must be a millionaire from Bitcoin!” The short answer is: no, I’m not. In the beginning, I didn’t hold it long-term. I just made small trades and gains here and there. Never did I imagine it would reach $100k. Even some experts didn’t see this coming. I remember reading an analysis from a crypto expert when Bitcoin was around $35k and she predicted it would crash, drop below $10k, and never recover.

I do believe in it, though. As a family, we hold roughly 5% of our net worth in crypto. Even our kids have money in crypto, though they don’t know about it yet! Still, holding more than 5% seems really risky to me.

Cash and the US dollar are still king but crypto could be king one day. For me, the philosophy behind blockchain offers many potential positives in how we manage finances and assets. A decentralized, ledger-based banking system, smart contracts, and both digital and physical assets secured on a ledger could genuinely change the world for the better.

There is definitely an energy pushing cryptocurrency, and honestly, it feels strange to me even though I know it well and have been it it for a while.

Weekly moments.

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The Weekly is a newsletter that goes out each week written by Greg Bellinger, currently building and CEO of White Rabbit Group and The Labs.

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