Why I Bought Bitcoin Through FBTC Instead of MicroStrategy
There are very few investments that make me stop and think, "This could become a permanent part of the financial system."
Bitcoin is one of them.
Recently I bought shares of the Fidelity Wise Origin Bitcoin Fund (FBTC) at $52 per share.
Will it be my best investment?
I have no idea.
That wasn't the reason I bought it.
Bitcoin Has Become an Alternative Asset
Ten years ago, Bitcoin felt speculative.
Today it feels different.
Large financial institutions offer spot Bitcoin ETFs. Pension funds, advisors, and individual investors can all gain exposure through traditional brokerage accounts.
To me, Bitcoin has crossed an important line.
It isn't just an experiment anymore.
It has become an alternative asset.
The Part That Makes Sense to Me
What attracted me wasn't the hype.
It was the supply.
Only 21 million Bitcoin will ever exist.
Unlike paper currencies, no government can simply decide to create more because spending increased or debt became inconvenient.
Mining also becomes more difficult over time, slowing the creation of new coins.
That doesn't guarantee Bitcoin will rise in value.
It simply means supply is fixed while demand remains uncertain.
If demand continues to grow over many years, scarcity becomes meaningful.
Why I Chose FBTC Instead of MicroStrategy
I also considered buying MicroStrategy (now Strategy).
I decided against it.
I wasn't looking for leverage on top of Bitcoin.
I wasn't interested in owning a company that issues debt and equity to purchase more Bitcoin.
I simply wanted exposure to the asset itself.
FBTC gives me that.
Why I Didn't Buy Bitcoin Directly
Some investors love owning Bitcoin themselves.
I understand why.
But I also know myself.
I don't want to worry about hardware wallets, seed phrases, forgotten passwords, or whether my family could find everything if something happened to me.
I like simple.
Owning FBTC lets me buy Bitcoin inside my brokerage account just like any other ETF.
No digital vaults.
No recovery phrases.
No wondering where I hid a piece of paper five years from now.
This Isn't an All-In Bet
Bitcoin isn't replacing the rest of my portfolio.
It's a small position.
Most of my investments are still diversified stock funds and businesses that produce cash flow.
Bitcoin is simply another asset I believe deserves a seat at the table.
If I'm right, great.
If I'm wrong, it won't change my retirement.
That's exactly how I want speculative investments to work.
My Investing Philosophy
As I've gotten older, I've become less interested in chasing the highest possible return.
I'm more interested in building a portfolio that helps me sleep at night.
Simple businesses.
Simple index funds.
A small allocation to Bitcoin.
Enough diversification that no single investment determines my future.
Buying FBTC wasn't a bet that Bitcoin will make me rich.
It was a decision that if Bitcoin truly becomes digital gold, I wanted to own a small piece of it without adding unnecessary complexity to my life.
Sometimes the best investment isn't the one with the highest potential return.
It's the one you'll still be comfortable holding ten years from now.
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