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I often say Bitcoin and a passport portfolio are the two pillars of sovereignty, and that they go hand in hand.
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In my worldview, Bitcoin IS one of the flags. Borderless money outside any nation state's control gives your assets the same sovereignty and mobility that a passport portfolio gives you.
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Let me share two more angles on where these two ideas overlap. This time I want to focus on one specific piece: Bitcoin mining alongside a passport portfolio.
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Mining is the most sovereign way to get bitcoin.
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No exchange in between. No counterparty holding your coins. Newly issued Bitcoin is produced through mining and sent to a wallet you control.
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Mining can also play a role in U.S. tax strategy.
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Bitcoin mining may offer potential tax advantages for qualifying businesses because mining hardware is physical, depreciable property. If you’re considering mining as part of your year-end strategy, talk to your CPA about what may apply to your specific situation.
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I've been a Bitcoiner and a Flag Theory advocate for a long time. Both are a huge part of my life philosophy, which is why I often partner with Bitcoin firms. We share a lot of the same principles.
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One of them is Abundant Mines. They host Bitcoin miners in U.S. facilities they own and operate, powered by Pacific Northwest hydro. You own the machines outright. They handle setup, power, repairs and monitoring for one flat monthly fee, and the bitcoin your miners produce goes to the mining pool you choose. They don’t take custody of your Bitcoin or take a cut. You can tour the site and see your miners in person.
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If you’ve been building your passport portfolio and want to explore bringing that same philosophy of ownership and sovereignty to how you acquire Bitcoin, I'd be glad to introduce you. Just reply to this email, or book a call with guys from Abundant Mines.
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P.S. Curious what professionally hosted Bitcoin mining actually looks like? BTC Sessions recently put together a great walkthrough showing the process from setting up a miner with Abundant Mines to connecting your wallet and mining pool, while maintaining control of the Bitcoin you produce.
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This email is for information only and isn't investment, legal or tax advice. Mining results depend on bitcoin's price, network difficulty and machine performance, and you can lose money. Tax treatment depends on your circumstances and current law; speak with a qualified CPA.
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