RE: Why BTC and not Mercedes Stock?

Yes your stocks may be protected by SIPC if trading on something like Robinhood up to $500,000, but what if there is a high level of market volatility and the platform you trade on decides to tell you "Hey I know the prices of your stocks are crashing to $0 right now but we are disabling your ability to sell due to current market conditions."?

This scenario is exactly why I'm hesitant to ever buy stocks again. Think it hasn't happened before? Well it has. Robinhood disabled buying of Gamestop among other stocks just 2 years ago in 2021. After that happened I realized you don't really own the stocks you buy. Somebody else is just giving you permission to them.

For this reason, I sold all of my stocks and will only ever buy 'digital bearer instruments' from now on. For those who don't know, a digital bearer instrument is a type of digital asset where ownership is determined solely by possession. Currently, stocks can be digital assets, but you can't take actual possession of them.

With Bitcoin, you truly hold ownership. When you possess the private keys to your Bitcoin, you have full control over your assets without needing an intermediary. This means that, in times of market volatility, no platform can prevent you from accessing or trading your assets. The decentralized nature of cryptocurrencies like Bitcoin gives you unparalleled sovereignty over your wealth, ensuring that you're not at the mercy of centralized platforms or institutions.

Moreover, the blockchain ensures that transactions are transparent and immutable. Every transaction is verifiable, and once confirmed, cannot be reversed or tampered with. This is unlike the stock market, where numerous intermediaries and layers of bureaucracy can cloud the transparency of transactions and ownership.

Additionally, Bitcoin operates 24/7, free from the limitations of traditional stock market hours, and is globally accessible. Whether you're in Tokyo, New York, or a remote village, as long as you have internet access, you can be part of the Bitcoin network. Stocks, on the other hand, are limited by trading hours, and in some cases, can only be accessed by citizens of certain countries.

So while stocks (once they exist legally as bearer instruments on a blockchain) may one day have their place in a diversified investment portfolio, the true ownership and decentralization offered by Bitcoin and provides an unmatched level of financial autonomy and security. In a world where trust in traditional financial systems is waning, having assets that you genuinely own and control becomes increasingly crucial.

Tldr: Drop stocks, buy Bitcoin.

Ps. When you are near 100% certain of a particular outcome, diversification is basically just selling your winners to buy more losers. Michael Saylor's words, not mine.