I’ve danced around this for months. Written about Bitcoin through the lens of oil crises, AI wallets, prediction markets, and geopolitical chess. But I’ve never just said it plainly.
So here it is: I believe Bitcoin will change the world. Not might. Will.
Today feels like the right day to explain why. The Senate Banking Committee just advanced the Crypto Clarity Act. Global money supply hit a record $121.9 trillion. And Bitcoin is sitting at $81,000, quietly doing exactly what it was designed to do.
The Chart That Explains Everything
The Kobeissi Letter published a number today that should be on the front page of every newspaper: global M2 money supply has increased by $27 trillion since 2022. That’s a 28% increase. Not over a decade — over three years.
US M2 alone just hit a record $22.7 trillion, up $1 trillion year-on-year. Money supply is growing at 7-8% annually. Every central bank on earth is printing.
Now ask yourself one question: what has a hard cap?
There will only ever be 21 million Bitcoin. That’s not a policy choice that can be reversed in a crisis. It’s not a target that a central bank governor can adjust. It’s mathematics, enforced by code, verified by every node on the network. No committee. No override. No exceptions.
When you understand that — really understand it — everything else is just detail.
The Cypherpunk Inheritance
Bitcoin didn’t come from nowhere. It emerged from decades of work by people who believed that privacy, encryption, and self-sovereignty were rights — not privileges to be granted by governments.
Phil Zimmermann was investigated by the US government as an arms dealer for releasing PGP encryption to the public. He published the source code in a book because books had First Amendment protection but software didn’t. That’s the kind of creative defiance that built the foundations for Bitcoin.
Hal Finney) received the first-ever Bitcoin transaction from Satoshi Nakamoto. He’d spent years working on cryptographic tools for ordinary people. He saw what Bitcoin could become before almost anyone else.
Erik Voorhees built ShapeShift and then open-sourced the entire platform rather than comply with KYC requirements he believed were fundamentally wrong. Principle over profit.
These aren’t fringe characters. They’re the architects of a movement that said: individuals should control their own money, their own data, and their own lives. Bitcoin is the most successful implementation of that philosophy ever created.
The Inflation Tax Is Real
Here’s what the $121.9 trillion money supply figure actually means for ordinary people.
If money supply grows at 7-8% per year and your wages grow at 2-3%, you’re getting poorer. Every year. Automatically. You don’t see it as a tax bill — you see it as houses you can’t afford, food that costs more, and savings that buy less.
This isn’t a conspiracy theory. It’s arithmetic.
Central banks call it “monetary policy.” Economists call it “liquidity provision.” I call it what it is: the silent confiscation of purchasing power from people who can least afford to lose it.
Bitcoin fixes this. Not because it’s magic — because it’s scarce. Real scarcity, not the artificial kind that central banks promise and then abandon the moment things get difficult.
But Isn’t It Too Volatile?
Yes. Bitcoin has had drawdowns of 80%+. Multiple times. If you bought the top in November 2021, you watched your investment crater. That’s real, and I won’t pretend it doesn’t matter.
But zoom out. Every four-year cycle, Bitcoin has set a higher low and a higher high. The drawdowns are brutal and the recoveries are spectacular. That’s what price discovery looks like for a new monetary asset being adopted by eight billion people.
Volatility is the price of admission. It’s the reason Bitcoin is still accessible at $81,000 instead of $8 million. You don’t get asymmetric upside without asymmetric discomfort along the way.
I’d rather own something volatile that protects me from monetary debasement than something “stable” that guarantees I lose 7% of my purchasing power every year.
The Institutional Floodgates
The Crypto Clarity Act advancing through the Senate Banking Committee today isn’t just a headline. It’s the regulatory framework that institutions have been waiting for.
BlackRock’s Bitcoin ETF gathered assets faster than any ETF in history. MicroStrategy holds over 500,000 BTC on its balance sheet. Sovereign wealth funds are building positions. The smart money isn’t debating whether Bitcoin has value — they’re debating how much to allocate.
When the regulatory uncertainty clears — and it is clearing — the capital that flows in won’t be measured in billions. It’ll be measured in trillions.
What About the Risks?
I’m a bull, not a zealot. The risks are real:
Quantum computing could theoretically break Bitcoin’s cryptography. But the Bitcoin developer community is already working on quantum-resistant signatures, and a viable quantum attack on SHA-256 is likely decades away. I rate this as a known risk with a known mitigation path.
Government bans remain possible in authoritarian regimes. But every major Western democracy is now moving toward regulation rather than prohibition. You can’t ban mathematics. You can only ban yourself from participating.
A superior protocol could emerge. But Bitcoin’s network effect, brand recognition, and Lindy effect (16+ years of unbroken operation) make displacement extraordinarily unlikely. The protocol that wins is the one people trust, and trust takes time.
None of these keep me up at night.
This Is Personal
I’m a libertarian. I believe freedom, privacy, and self-sovereignty aren’t policy preferences — they’re rights. Rights that exist before and independently of any government.
Bitcoin is the financial expression of that belief. It’s money that can’t be debased, seized, or censored. Money that works the same whether you’re a billionaire in London or a farmer in Nigeria. Money that doesn’t require you to trust anyone — just verify.
As a sailor, I learned that you can’t control the wind. You can only trim the sails. The monetary wind is blowing at 7-8% annual debasement, and it’s accelerating. Bitcoin is how I trim my sails.
The Conviction
I could be wrong. Markets humble everyone eventually, and I’m not arrogant enough to claim certainty about anything.
But I look at $121.9 trillion in global money supply, growing every day. I look at 21 million Bitcoin, fixed forever. I look at a 16-year track record of surviving every attack — technical, regulatory, and reputational — that the world has thrown at it.
And I think: this changes everything.
Not because I want it to. Because the maths says it has to.
Mark Hendy is a PE-facing CFO and the founder of Tanous Limited. He has been writing about the intersection of finance, AI, and digital freedom at markhendy.com since 2026. He holds Bitcoin.
Disclosure: This is not financial advice. I have skin in the game.
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