Taking Care of Bitcoin

TCB Short - Is Bitcoin a Bubble?

Today we answer the question: Is Bitcoin a Bubble? TCB argues that Bitcoin is often labeled a bubble, but true bubbles don’t solve problems and, after collapsing, don’t recover (as with 1637 tulip mania). While Bitcoin is highly volatile and has repeated 70–80% drawdowns, it has historically rebounded to higher lows and driven stronger infrastructure, suggesting price discovery rather than a permanent collapse. The speaker claims the deeper “bubble” is the fiat monetary system, which is structurally dependent on perpetual debt and money creation, citing U.S. metrics such as ~$39T national debt, ~$200T unfunded liabilities, 120% debt-to-GDP, ~$2T annual deficits, and ~ $1T/year interest costs. Bitcoin is presented as an alternative: fixed 21M supply, no central authority, predictable rules, and resistance to inflation, confiscation, and censorship. 00:00 Is Bitcoin a Bubble 01:04 What Bubbles Look Like 02:13 Bitcoin Volatility Explained 03:10 Fiat Instability Problem 04:18 Debt Spiral and Printing 06:39 Why Printing Cannot Stop 08:12 Bitcoin Fixes Fiat Flaws 10:23 Fiat System as Bubble 11:48 Deflation and Free Markets 12:51 Final Answer and Wrap Up X: @TCBcoin https://x.com/TCBcoin [https://x.com/TCBcoin] Instagram: @TCBcoin https://www.instagram.com/tcbcoin/ [https://www.instagram.com/tcbcoin/] www.takingcareofbitcoin.com https://www.takingcareofbitcoin.com/ [https://www.takingcareofbitcoin.com/]

TCB Short - Can Bitcoin Become Worthless?

Today we answer the question: Can Bitcoin Become Worthless? We examine whether Bitcoin can become worthless, defining worthless as when no one subjectively sees value in something. We argue that historically money becomes worthless mainly through uncontrolled supply expansion and inflation—citing Weimar, Zimbabwe, Venezuela, and noting the U.S. dollar has lost 97% of its purchasing power since 1913 alongside roughly 1000x money-supply growth. Bitcoin was designed to remove this failure mode with a fixed 21 million supply and a known issuance schedule that governments and central banks cannot change, making inflationary collapse structurally impossible. We say Bitcoin would instead need the network to stop functioning, its security to fail (e.g., quantum threats or a sustained 51% attack), or global demand to disappear. We claim these are unlikely given Bitcoin’s distributed design, high uptime, rising hash rate, evolving protocol, and growing adoption driven by scarcity, censorship resistance, borderless transfer, and predictable policy. X: @TCBcoin https://x.com/TCBcoin [https://x.com/TCBcoin] Instagram: @TCBcoin https://www.instagram.com/tcbcoin/ [https://www.instagram.com/tcbcoin/] www.takingcareofbitcoin.com https://www.takingcareofbitcoin.com/ [https://www.takingcareofbitcoin.com/]

TCB Re-Hash with Matt Marfil

TCB Re-Hash with Matt Marfil: Volatility, Self-Custody, ETFs, and Fiat Debasement Today we revisit Matt Marfil, three and a half years after our November 2022 talk near Bitcoin’s ~$15,700 low, discussing its rise to 126k and pullback to 60k. Matt still views Bitcoin as inflation-proof, non-government-manipulable money but finds price uncertainty difficult; the host argues price is “advertising,” while ETFs brought institutional involvement that can increase short-term volatility and make Bitcoin trade like tech stocks. They compare gold’s surge (driven by central banks) with Bitcoin’s drawdown, frame fiat banking failures like FTX and explain why banks can be backstopped by money printing, then cite U.S. debt/deficits and interest costs as reasons debasement will worsen. They discuss AI-driven job displacement, the importance of self-custody and seed phrases, concerns about exchange risk, claims of ETF-related manipulation (Jane Street), and the view that Bitcoin’s long-term thesis and adoption remain intact despite broken halving-cycle expectations. 00:00 Rehash Reunion 01:34 Bitcoin Thesis Check 03:02 ETFs And Institutions 04:32 Gold Versus Bitcoin 07:38 War And Portability 09:44 Seed Phrase Scare 12:53 Self Custody Practice 15:10 FTX And Bank Runs 18:49 Debt Spiral Reality 21:22 No Exit But Printing 23:42 AI Meets Fiat System 29:22 AI Replaces White Collar 31:33 Bitcoin as Liferaft 35:04 ETFs and Paper Bitcoin 36:45 Market Manipulation Fears 41:04 Halving Cycle Psychology 46:55 Spending vs Saving Bitcoin 47:54 Merchants and Nation States 55:39 Scarcity and Gold Rush 57:32 Final Thoughts and Farewell X: @TCBcoin https://x.com/TCBcoin [https://x.com/TCBcoin] Instagram: @TCBcoin https://www.instagram.com/tcbcoin/ [https://www.instagram.com/tcbcoin/] www.takingcareofbitcoin.com https://www.takingcareofbitcoin.com/ [https://www.takingcareofbitcoin.com/]

TCB Short - What Determines Bitcoin's Price?

Today we answer the question: What Determines Bitcoin's Price? * Supply/Demand * Network Adoption * Monetary Debasement * Priced at the Margin * Potential Upside And more! X: @TCBcoin https://x.com/TCBcoin [https://x.com/TCBcoin] Instagram: @TCBcoin https://www.instagram.com/tcbcoin/ [https://www.instagram.com/tcbcoin/] www.takingcareofbitcoin.com https://www.takingcareofbitcoin.com/ [https://www.takingcareofbitcoin.com/]

TCB Short - Why Does Bitcoin Have Value?

Today we answer the question: Why Does Bitcoin Have Value? * Bitcoin isn't backed by anything * Monetary parameters that give something value * Absolute scarcity * Decentralization/Trust minimization * Security/Immutability * Bitcoin is digital property rights * Global, neutral money And more! X: @TCBcoin https://x.com/TCBcoin [https://x.com/TCBcoin] Instagram: @TCBcoin https://www.instagram.com/tcbcoin/ [https://www.instagram.com/tcbcoin/] www.takingcareofbitcoin.com https://www.takingcareofbitcoin.com/ [https://www.takingcareofbitcoin.com/]