Helping people buy & hold Bitcoin the right way. AE @Swan Private Wealth | CrossFit & Olympic Lifting | Hard money advocate ₿
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Joined May 2022
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I help people buy and hold Bitcoin for the long term at @Swan.
Here are 10 things I wish everyone knew before buying their first sat: 🧵
Take the best properties from:
gold + fiat
+
decentralization = Bitcoin
FIAT WAS BETTER THAN GOLD. THEN BITCOIN HAPPENED.
Gold couldn't move through a wire. A claim on gold could. So the claims became the money and the metal stayed in the vault.
Then governments stopped redeeming the claims. The payments network kept working. The obligation to deliver gold disappeared.
Bitcoin is the first money that moves through the wire and is the thing itself.
On today's OUTSIDE MONEY, from Amsterdam.
Alec Bakhouche ₿ retweeted
FIAT WAS BETTER THAN GOLD. THEN BITCOIN HAPPENED.
Gold couldn't move through a wire. A claim on gold could. So the claims became the money and the metal stayed in the vault.
Then governments stopped redeeming the claims. The payments network kept working. The obligation to deliver gold disappeared.
Bitcoin is the first money that moves through the wire and is the thing itself.
On today's OUTSIDE MONEY, from Amsterdam.
Alec Bakhouche ₿ retweeted
Bitcoiners have no business defending any politician's crypto grifting, pardon selling, or pump-and-dump schemes just to get a bill passed.
Bitcoin doesn't need the Clarity bill. The network will keep running whether it passes or not.
Alec Bakhouche ₿ retweeted
Democrats won the House and the Senate. The debt is still there, and so is the money printer.
I think all of us should have at least some savings in money the government can’t create more of.
On today’s OUTSIDE MONEY:
“WHAT THE MIDTERM ELECTIONS MEAN FOR BITCOIN”
A train that cannot be stopped.
BREAKING: US federal debt surged +$422 billion in October, to a record $40.6 trillion.
Since July 1st alone, US federal debt has soared +$1.2 trillion, averaging +$300 billion per month.
This is equivalent to an increase of ~$10 billion per day.
As a result, the US total public Debt-to-GDP ratio is up to 123%, the highest since the 2020 pandemic peak.
Meanwhile, the Treasury borrowed a record $839 billion through auctions of Treasury bills and notes last week, with the majority going toward repaying holders of maturing bills.
This surpassed the previous all-time high of $834 billion set during the same period in 2025.
The US debt crisis is in full-swing.
If you hold Bitcoin, this is a must listen.
Custody is the most important subject in Bitcoin right now.
Alec Bakhouche ₿ retweeted
1) amount you don't care about
2) amount you're willing to lose
3) actual money, try Swan Vault
POLL: What’s the maximum amount of Bitcoin someone should hold in the following custody solutions:
1. Exchange
2. Single sig self custody
3. 2 of 3 multisig
It’s a question I get a lot lately. Comment below 👇🏼
cc: @V4BTC @clay_garrett @Nneuman @lopp @Rob1Ham @mikebelshe
Alec Bakhouche ₿ retweeted
Bitcoin is down 3.5% while QQQ is down 2.5%
This would be a modest reaction in normal times, let alone following a massive hack
To me it honestly signals strength under the hood
Alec Bakhouche ₿ retweeted
Swan is not affected by the Binance incident, and we're monitoring the situation closely. Client Bitcoin is held in segregated accounts titled in each client's name at regulated custodians. Swan Guard protects every client account on top of that custody, with US-based security agents and risk-based controls.
Alec Bakhouche ₿ retweeted
Billions reportedly moved out of Binance wallets in a suspected hack. CZ says it looks like a hack and expects customer funds to be fully covered.
“Fully covered” means you’re depending on someone else to make you whole after their security fails.
When you leave Bitcoin on an exchange, you depend on its security, its solvency, and its willingness to process your withdrawal.
Holding your own keys removes that exchange dependency. Securing those keys properly is the responsibility that comes with it.
Not your keys, not your coins.
You give permission by storing money in a bank. Permission to do what they need, with you money.
Exactly why Bitcoin in self-custody is so important.
You can opt out of their system into a rules based system without intermediaries who need your money.
"It’s irresponsible to not own bitcoin." - Tim Draper
I’ve said it before and I’ll say it again. It’s irresponsible to not own bitcoin.
First, companies will say, “We accept bitcoin.”
Then, they’ll say, “We only accept bitcoin.”
Then people will not value dollars or fiat, and there will be a run on the banks.
Eventually, the world will never be the same.
The individuals and companies that are ready for the seismic shift will come out ahead.
Those that are left holding legacy currency will not.
Alec Bakhouche ₿ retweeted
I’ve said it before and I’ll say it again. It’s irresponsible to not own bitcoin.
First, companies will say, “We accept bitcoin.”
Then, they’ll say, “We only accept bitcoin.”
Then people will not value dollars or fiat, and there will be a run on the banks.
Eventually, the world will never be the same.
The individuals and companies that are ready for the seismic shift will come out ahead.
Those that are left holding legacy currency will not.
Alec Bakhouche ₿ retweeted
The future of self-custody is not over.
This hardening process we are undergoing is stomach-churning, but it is the reality of our future in this new world of AI.
I understand the hesitation and reticence of being a vocal supporter of self-custody today, but we can't as a community let this be a reason to walk back the freedom that it affords us from government control of our money.
Control over the issuance of money that you're legally required to use is an absolute power.
Absolute power corrupts absolutely!
I often ask clients "Why did you buy Bitcoin in the first place?"
Any reason outside of price ➡️ Real Bitcoin
ETFs are easy to buy for price exposure but to get the many benefits Bitcoin provides by being "outside the system", real Bitcoin in self-custody is the solution.