Great comments! And yes, I understand all the risks involved in bitcoin, but I also understand the tremendous possible upside. It's a speculative asset, and that's the way I approach it. Yes, I'm mostly in gold, but I do own a small amount of bitcoin as well. I have very little fiat currency (dollars) of course since it is steadily being devalued by the feds with their endless, inane MMT deficit spending and money creation. I own my house and cars with no indebtedness. I feel comfortable with my finances and sleep well at night. By the way, I also have guns, ammo and food storage just in case of anarchy.

My stance on Bitcoin has not changed since investigating it in 2011: it is the interesting implementation of a collection of mathematical curiosities. That's it. There is nothing behind it, not so much as even a tulip bulb, and it certainly is not money. Calling it currency is a stretch. Limited supply? There are 2,100,000,000,000,000 Satoshis maximum; the so-called limit is purely arbitrary. The notion of "mining" it via the increasingly time-consuming-to-solve mathematical problems is itself an ever increasing waste of power as the number of kW hours of power to generate one BTC heads towards the moon. It is a purely speculative play if you choose it as an investment. I can see BTC hitting $100k in three months and touching $250k sometime in 2021. This is not to endorse the power of BTC as a currency; rather, it is to illuminate the vast amount of currency sloshing around and the millions of individuals that want to get on board this highly volatile speculative train. I understand that over 85% of all BTC is owned by 0.5% of the individuals that have a claim to BTC. While a single positive "tweet" by a high-end owner with a large social network can send the BTC up by double-percentage points; so too, a pejorative "tweet" can result in a nearly instantaneous drop. What will happen to BTC when FedCoin is announced along with individual digital wallets and the Fed directly injecting currency (UBI) into those wallets – along with negative interest rates on the principle (spend it or lose it). I agree with Michael Saylor -- a single Black Swan Event could send BTC to nearly zero. His take is that likelihood is ~1%. I think the likelihood is much higher and that the crash will occur incrementally similar to the hailstone curve of an investment discovered to be devoid of value. My money has a home in land, gold, silver, water rights and very little in any digital medium. I often think that I was born 100 years too late.

I respect your financial decision...BUT... my non financial advisor opinion on Bitcoin is, while it theoretically has a ceiling of 21 million. More or less. Due to the fractional trading that is going on, it has no floor. They go out 8 decimal places now. There’s talk of going 16. That is effectively an infinite supply.
For short term gains if you want to play the market. Sure. But, for low risk, store of wealth, type investing. NO WAY. Yellen can wipe out the acceptability characteristic of BTC with the stroke of a pen. I’m not giving THEM that much power over me.
Permanent Portfolio for the win. Just as Saint Harry Browne intended. GOLD and SILVER are a Libertarian’s best friend. And NOT ETF Gold/Silver. The less paper between you and the metal, the better.
That’s my 0.00000002 of a Bitcoin’s worth.
And people like Musk are just screwing around. Once you have that big a ball of money you’d have to be insanely stupid to lose it all. We mere mortals don’t have fearless money.

I can see from some of the comments here that many do not understand Bitcoin. For a better understanding, I would encourage folks to look up Matthew Kratter of Trader University on YouTube, and watch some of his videos.

Full discloser: I am highly diversified, including stocks, bonds, physical metals, and Bitcoin. So far, my Bitcoin holdings have outperformed EVERYTHING. Additionally, I have used it to purchase a variety of products and services. I'm sticking with it, personally.

I have yet to see how cryptos will perform in a major stock market shakeout. After I see healthy performance in a situation where the chips are down I may think more about it as a "currency."

$5Au is waiting for bitcoin gold.

I really love the idea of cryptocurrencies as a medium of exchange, as an alternative to state-backed currencies. I own a small amount and use it to buy things from people who accept it as payment.

I am less sure about them as an "investment". My view, which may be contrary to other libertarians, is that money is a medium of exchange but not a store of value. I like that money can be created limitlessly commensurate with good value-creating ideas. I struggle to understand the models where a cryptocurrency funds things like data storage, energy efficiency, or startup businesses.

I am excited by the possibility that blockchain, which cryptocurrencies run on, will allow decentralization in many areas unrelated to money. That could be a revolution that allows math to take the place of trusted intermediaries and validation authorities.