This week, I sat down for an in-depth conversation with David aka Golfwinch aka
- to talk about all things Bitcoin. Golfwinch has been studying Bitcoin for a few years now and doesn’t mind be calling a Bitcoin Maximalist. We discussed self-custody, the “crypto” distraction, and why fiat currencies are on borrowed time.Whether you’re new or suspicious to Bitcoin, or already down the rabbit hole, this episode has something for everyone. Here’s a breakdown of what we discussed.
Still a Maximalist?
I opened the podcast by asking Golfwinch if he still considers himself a Bitcoin Maximalist. His answer? “For the most part, yeah.” He’s not big on labels—but if you're going to put him in a corner, that’s the one he’ll stand in. He made it clear: Bitcoin is the only digital asset he takes seriously. Everything else, in his view, is just noise.
Bitcoin vs the Nasdaq 100
This was one of my favorite parts of the conversation. Golfwinch made an argument I hadn’t fully appreciated before: the Nasdaq could outperform Bitcoin only after companies in it start holding Bitcoin on their balance sheets. In other words, Bitcoin becomes the foundation for corporate growth—not a competing asset.
We talked through a future scenario where 4 out of the Magnificent 7 tech stocks hold Bitcoin as treasury reserve. In that world, the Nasdaq index might benefit twice—once from rising valuations, and again from Bitcoin itself. But he still doesn’t see Nasdaq outperforming in the next 10 years.
MicroStrategy, he pointed out, is just the first company to fully embrace this model: ditch the fiat, lever up, and stack Bitcoin. I hinted Amazon could be next—at least, the topic of Bitcoin is allegedly on their board meeting agenda. Still, we’re both skeptical the corporate giants will actually follow through anytime soon. “What happened with Microsoft will happen again—they’ll probably do nothing.”
Why Bitcoin Isn’t ‘Crypto’
I admitted on the podcast that the word “crypto” now gives me a bit of cringe. Golfwinch feels the same. He explained that lumping Bitcoin in with altcoins is a deliberate strategy—used by scammers, shills, and even regulators—to confuse people.
His argument is simple: Bitcoin is fundamentally different. The others are just clones chasing hype cycles, often launched with massive pre-mines and insider advantages. He compared it to a prison economy: eventually, one currency becomes dominant, and everything else fades.
We discussed how most other coins, including Ethereum, fail the test of decentralization. Bitcoin can’t be changed without global consensus. It can’t be improved upon because the things people try to “fix” are the very features that make it resilient. You can’t out-Bitcoin Bitcoin.
Resources that May Help
We walked through TimechainCalendar.com—a site that helps visualize Bitcoin's scarcity and functionality. This is where you can see that 95% of all Bitcoin has already been mined. That number alone should create urgency for people who are still on the sidelines.
He also explained how things like Vbytes determine the cost of sending Bitcoin from one wallet to another. He encouraged me (and you, if you're in the same boat) to start small: download a wallet, send a few dollars of Bitcoin, and learn by doing. “Once you’ve been Mt. Goxed,” he said, “you’ll never leave it on an exchange again.”
Golfwinch brought up Bitcoin Circular Economies, a book highlighting communities in El Salvador, South Africa, and Guatemala where Bitcoin is already being used in day-to-day transactions. In those places—where fiat devalues rapidly—Bitcoin's doesn’t seem that volatile compared to their own currency. It’s a better alternative to currencies that are collapsing by 50% per year.
We also touched on The Big Print by Lawrence Lepard—a book written by a former gold bug that explains why Bitcoin is inevitable once you understand the flaws of the current system. According to Golfwinch, you don't need to explain Bitcoin to people—just show them the problem with government currencies, and they'll find Bitcoin on their own.
Global Liquidity and Market Cycles
Toward the end of the podcast, I asked him about the idea that Bitcoin follows global liquidity with a lag. He agreed. Liquidity drives all assets—Bitcoin included. But the bigger point he made was this: we all still view the world through fiat lenses. Eventually, as the monetary paradigm shifts, people will price the world in Bitcoin—not dollars. And that’s when things really change.
Rapid Round:
To close it out, we hit a quick round of rapid-fire questions:
Most underrated Bitcoin educator? Gigi, author of 21 Lessons I Learned From Falling Down the Bitcoin Rabbit Hole.
Runner-up? David Bennett, host of the Bitcoin And… podcast.
If you could orange pill one person? Joe Rogan. “He has more influence than even Donald Trump.”
Thank you for watching, listening, and reading.
References:
You can find Golfwinch on X https://x.com/golfwinch
https://timechaincalendar.com/en
The Big Print: What Happened To America And How Sound Money Will Fix It
Bitcoin Circular Economies: Stories of hope built on the sovereign money of the future
21 Lessons: What I've Learned from Falling Down the Bitcoin Rabbit Hole
Bitcoin And... David Bennett Podcast
Disclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions.
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