Monthly Archives

May 2023

Not Having a Bitcoin Allocation Strategy is Perhaps a Financial Blunder for the Ages

By | In my opinion | No Comments

Good Day,

One of the more interesting developments with Bitcoin adoption over the last few years has been institution’s, corporations’, & businesses’ increased appetite to hold some. While some have purchased the bitcoin to add to their treasury, others have participated via a fund as a proxy. Each with their own unique objective.

Here’s a website that is solely dedicated to tracking various entities’s bitcoin allocations as per public info. & disclosures.

It’s mainly an interesting development because the aforementioned are typically some of the most prudent cashflow managers, many businesses alike understand that cash is the lifeline of their operation. And given Bitcoin’s volatility, you wouldn’t think it’s desirable for these entities at first glance.

But having said that, it’s difficult to continue to ignore bitcoin’s outsized returns over its 14-year life span (see charts below), while equally becoming impossible to ignore what has happened to the value of fiat dollars after years of devaluation via inflation, Sitting on excess cash reserves has necessitated the need to insure against value erosion. Bitcoin has become a worthy allocation in this regard thus far.

Legendary hedge fund managers like Paul Tudor Jones, George Soros, and Stanley Druckenmiller have made room for it in their portfolios. MassMutual, an insurer founded in 1851, purchased $100 million of bitcoin in December 2020. Large pensions & endowments such as Yale, Harvard & Brown which are some of the most sophisticated yet conservative investors in the world own bitcoin. The Houston Firefighters’ Relief and Retirement Fund (HFRRF), the pension fund for the City of Houston’s firefighters purchased bitcoin for the defined benefit plan’s portfolio.

One of the most noteworthy corporate Bitcoin advocates & accumulators of course has been Michael Saylor, CEO of MicroStrategy which has amassed ~140,000 bitcoin on their balance sheet since fall of 2020.

Despite who’s been jumping in, a new trend of accumulators has emerged & providing Bitcoin continues to work as effective as it has thus far, I don’t see this trend subsiding either. And given what I believe is the continuation of devaluing fiat currency globally, it will only accelerate in my opinion which perhaps makes not having a Bitcoin allocation strategy a financial blunder for the ages!

Until next time…….

Charts courtesy of

When you arise in the morning think of what a privilege it is to be alive, to think, to enjoy, to love …”- Marcus Aurelius

Hello Again……

By | In my opinion | No Comments

Hey there,

After a 7+ year hiatus since my last post, hello once again.

Suffice to say things have changed quite a bit since & it would’ve been wildly prescient to say in the least had you predicted then, what has occurred over last several years!

Financial markets are at peak uncertainty, society often finds itself in precarious spots & politics, well, it’s entertaining when not embarrassing!

Yet here we are & if you’re reading this, it’s perhaps not such a bad sign. I’m hoping you’ve at least had the zen to weather through it all. I know it wasn’t easy for many but having said that, I really do believe we’re amidst a fundamental change that albeit will continue to be somewhat challenging, will usher in an era of new found prosperity.

While the site was in hiatus mode, I never stopped investing capital & time in financial markets. I remain keenly interested in macro & geopolitical affairs & I continue to observe technological trends emerge & evolve.

I believe capitalism, markets & economy can be reinvigorated to flourish IF we can realize the promise of distributed & sovereign systems/networks such as Bitcoin.

And so in the coming months & years, that’s where eHoldings focus will continue to be, on Bitcoin, as we’ve since 2015.

In the meantime, please check out the site, perhaps a little different than you remember it. Consider signing up to my “notions”-a free periodic email about what I’m thinking as it pertains to investing, markets, money & finance in general.

Until next time!


“It’s tough to make predictions, especially about the future.”- Yogi Berra