I’ve been a long time advocate of bitcoin. But very hesitant to recommend people buy bitcoin as investment advice and friendships don’t always go well together.

Well, I’ve recently become a bit more forward in my discussions of bitcoin with friends.

Specifically, I used to warn strongly that bitcoin price is volatile and this means losing value at high percentages and gaining value at high percentages and one must be ok with losing half before doubling…

Well, now I underscore the risk of having precisely 0 bitcoin. I still warn that price is volatile, exchanges have risks, self custody has risks, etc, but I lead with the risk of having none being a risk that should not be ignored.