Mike Co

Mar 20, 2020

9 min read

Bitcoin, Monetary Expansion, and “Safe Havens”

What the Internet did for speech, Bitcoin will do for money…¹

The above saying belies the fact that Bitcoin is also speech. The first Bitcoin transaction ever mined, broadcast at the height of the Great Financial Crisis, captures a powerful headline:

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”²

Today, this message is secured by tens of thousands of computers comprising Bitcoin’s global network. Satoshi timestamped a critical moment at the start of a global monetary…