Bitcoin for Millennials

SELL Bitcoin NOW? Here's What You're Missing | Bram Kanstein | BFM238

5 snips
Mar 9, 2026
A math-driven case against selling Bitcoin, reframing it as a contender for the entire global store-of-value. Comparisons with stocks, gold, real estate and bonds highlight hidden risks like rehypothecation, confiscation and illiquidity. Discussion of scarcity, censorship resistance and cryptographic verifiability as what sets Bitcoin apart.
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INSIGHT

Bitcoin Competes For All Stored Value

  • Bitcoin competes for the entire market of stored value, not just an industry niche.
  • Bram compares Bitcoin's ~0.15% market cap to the ~$900T global asset pie to show its potential to absorb vast value.
INSIGHT

Stock Ownership Is An IOU Illusion

  • Stocks present an ownership illusion because brokers and the DTC are the legal owners while investors hold IOUs.
  • Bram cites GameStop 2021 rehypothecation, trading halts, and DTCC collateral demands to show retail can be locked out.
ANECDOTE

Gold Faces Confiscation And Paper Gold Problems

  • Gold can be confiscated and is often traded as unallocated paper claims, not physical metal.
  • Bram recounts Executive Order 6102 (1933) and LBMA/COMEX paper‑to‑physical mismatches to underline the risk.
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