#763 What Is Going On With Bitcoin This Week? w/ Dylan LeClair

— Bitcoin functions simultaneously as store of value, medium of exchange, and unit of account, supported by on-chain metrics and network growth data.

— Bitcoin's hash rate has grown 70x since 2017, demonstrating massive investment in network security and physical resources backing the protocol.

— Bitcoin settlement volume reached approximately $22.6 trillion cumulatively, with roughly half occurring in 2021 alone, nearing Visa's annual transaction volume.

— Lightning Network public channel capacity shows exponential growth, enabling near-instantaneous, low-cost Bitcoin payments at scale without layer-one changes.

— S&P 500 and traditional assets appear to gain value only due to monetary expansion; when adjusted for M2 money supply, equities remain essentially flat since 2020.

— Bitcoin as a unit of account outperforms the dollar for valuing long-term returns and real asset appreciation in a deflationary monetary environment.

— Denominate investment returns and asset values in Bitcoin rather than dollars to avoid the illusion of gains from currency debasement; this approach has outperformed traditional metrics over the past decade.

— Home mining opportunities may emerge, particularly in cold climates where excess heat from ASICs can provide dual utility for heating and Bitcoin mining, creating a viable path for retail participation beyond institutional operations.

— Educate family and peers on sound money and low time preference during the holidays; emphasize that monetary expansion—not corporate greed—drives inflation in housing, food, and energy, planting seeds for long-term Bitcoin adoption.