Welcome to the Dividend Cafe weekly market commentary focused on dividends in your portfolio

and dividends in your understanding of economic life.

Well, hello and welcome to this Friday's Dividend Cafe.

I am your host, David Bonson, and today we are going to thoroughly address the subject of Bitcoin,

something that I have been meaning to write about more extensively for a very long time.

And there's just a lot of reasons why I've sort of never gotten to it.

I certainly address it quite frequently.

It's often results in rather me getting a plethora of feedback from people

who are really critical of my position on the matter. And that's certainly okay. I welcome

dissent our feelings at the Bonson Group about Bitcoin and about other cryptocurrency investment,

if you will, do not come as a result of limited

research or inquiry. It comes as a result of extensive inquiry and deep dive into the subject.

And rather than continue to do piecemeal explanations here and there and comments on TV interviews

and things like that, I thought it might behoove us to just devote a whole dividend cafe

to it. So we're going to dive in today and look a little more extensively about why we do not

own Bitcoin or adjacent investments to that space at the Bonson Group.

I'm going to start with just a little context historically and use this word stability.

Sometimes you'll hear people talk about the inerrant instability of the stock market or the

inerrant instability of the U.S. dollar, the instability of our own

world financial system, the instability of monetary policy, of government spending. There's a lot

of issues in the world that are unstable. And I think that there's some merit to all those cases,

although we do our best to define what those various instabilities

...