An Open Letter To New Bitcoiners

To my newly interested friends,

First of all, congratulations! You should be proud of yourself for getting this far. If you are reading this letter, you have taken an interest in learning about Bitcoin, which is a difficult step to take. As the saying goes, Bitcoin is a journey not the destination. Step 1 of that journey is showing interest. Kudos!

As you enter the mysterious world of Bitcoin, please keep in mind that Bitcoin is not an investment—Bitcoin is money. Please treat it as such.

I have recently become more active in educating my peers about this amazing technology. By far the most common question I receive is, “Where can I spend it?” To me, this question illustrates that most people only think about one of the uses of money: spending. Bitcoin may take some time to fulfill that role at scale. However, money has another function that Bitcoin is currently the best at: saving. Bitcoin is the best piggy bank the world has ever seen.