Magazine · Author
Bitcoin Power Law Editorial Team
Writes for everyone who holds bitcoin for years: checkable math, primary sources and this site's open models.
The Bitcoin Power Law editorial team writes for people who hold Bitcoin for years: clear, without hype and with open sources. All figures on the price, the floor and the valuation zones come from the site's models, which are laid out in the methodology. Every article states its reference date and its sources.
Articles
- Basics · · 12 min readWhy There Are Only 21 Million BitcoinWhy are there only 21 million bitcoin? How the cap arises in the code, who protects it, when the last bitcoin arrives and what it means for you.
- Goals, planning & psychology · · 13 min readWithdrawal Strategies: The 4% Rule with BitcoinThe 4% rule with bitcoin: four withdrawal strategies, tested from the 2017 and 2021 price peaks. How to withdraw without selling too much at the bottom.
- Security & custody · · 13 min readAir-gapped Wallets: Who Are They Worth It For?Air-gapped wallets explained: signing by QR code or microSD, which attacks it stops, which it doesn't, and who the extra effort is worth it for.
- Buying & saving · · 11 min readAltcoins Are Not Like Bitcoin: Why You Should Stay AwayBuying altcoins? Why bitcoin savers stay away: insider selling, rug pulls, hacks, tax on every swap and what to do with the coins you already hold.
- Mining & technology · · 13 min readBuying an ASIC Miner: Is It Still Worth It for Private Buyers?Buying an ASIC miner in 2026: new and used machines, electricity prices in DE, AT and CH, a calculation past the 2028 halving and the risks of buying used.
- Power Law · · 11 min readAnticipating Bitcoin Bear Markets with the Power LawWhat the Power Law tells you before and during a bear market: how far the top rose above trend, how deep and when it fell. A plan for top band and floor.
- Treasury companies · · 11 min readBhutan: State Bitcoin Mining in the HimalayasBhutan mines bitcoin with hydropower through its state fund DHI. How the mining began, what Bitdeer adds and why Bhutan has sold almost all of it.
- Basics · · 12 min readBitcoin Addresses Explained: bc1q, bc1p, 3 and 1Bitcoin addresses explained: what 1…, 3…, bc1q… and bc1p… mean, which format saves fees and how to check an address properly before you send.
- Treasury companies · · 13 min readBitcoin Stock or Bitcoin? Treasury Stocks ComparedBitcoin stock or bitcoin? Real price data for Strategy and Metaplanet, leverage, mNAV, taxes in DE/AT/CH: how to weigh the opportunities and risks.
- Buying & saving · · 11 min readBitcoin Portfolio Allocation: What Percentage of Your Wealth?Bitcoin portfolio allocation: which percentage suits you? A crash test, what big banks recommend and a backtest since 2015. Work out your share.
- Goals, planning & psychology · · 14 min readHow to Create a Bitcoin Exit PlanBitcoin exit plan in 7 steps: target in euros, core holding, rules tied to Power Law zones, taxes in DE, AT, CH. With a fully calculated example plan.
- Security & custody · · 13 min readBitcoin Backups: The Minimal Secure SetupThe smallest Bitcoin backup that survives fire, theft, a lost device and your death: a setup per holding size, a checklist and common mistakes.
- Power Law · · 12 min readEvery Bitcoin Bear Market Compared: Depth, Duration and RecoveryEvery bitcoin bear market since 2011 compared: how deep, how long, how fast it recovered and where it sat against the Power Law floor. With real data.
- Buying & saving · · 13 min readBuying Bitcoin in a Bear Market: Strategy, Not Gut FeelingBuy bitcoin in a bear market without guessing the bottom: three rules, tested against every bear market since 2013. With examples in euros and francs.
- Power Law · · 14 min readBitcoin Valuation Zones: From Floor to EuphoriaBitcoin valuation zones explained: where floor, accumulation, fair, hot and euphoria lie today, what followed each zone and how to use them.
- Law, taxes & practice · · 15 min readBitcoin Accounting for Companies: HGB, OR, UGB, IFRS and TaxBitcoin accounting in 2026: presentation and valuation under HGB, OR, UGB, IFRS and US GAAP, taxes in DE, CH and AT, with examples in EUR and CHF.
- Mining & technology · · 12 min readBitcoin Energy Consumption: Facts Instead of HeadlinesBitcoin energy consumption explained calmly: how much power the network uses, where it comes from, what headlines get wrong. With figures for DE, AT, CH.
- Law, taxes & practice · · 13 min readBitcoin and Inheritance Tax in GermanyInheritance tax on bitcoin in Germany: valuation at the date of death, allowances, tax classes, the heir's holding period and reporting, with examples.
- Treasury companies · · 14 min readBitcoin ETF Flows and Holdings: Who Holds How Much Bitcoin?Bitcoin ETF flows made clear: how many bitcoin the US spot ETFs hold, when money came and went, and what the flows mean for you as a holder.
- Buying & saving · · 14 min readBitcoin ETP or Real Bitcoin: Which Suits You?Bitcoin ETP or real bitcoin? Fees, taxes in DE, AT and CH, risks and custody compared, with a worked example in EUR and CHF. How to choose.
- Buying & saving · · 12 min readBitcoin ETPs in Switzerland: BTCE, 21Shares & Co.Bitcoin ETPs in Switzerland: how they work on SIX, how to compare TER, backing and currency line, and what taxes and stamp duty cost you.
- Goals, planning & psychology · · 12 min readFOMO, Panic and Capitulation: The Typical Bitcoin MistakesBitcoin FOMO, panic selling, capitulation: how the cycle of greed and fear costs money, what real price data shows and how to stop it with rules.
- Buying & saving · · 12 min readBitcoin Fees When Buying: Spread, Fees and Hidden CostsBitcoin fees when buying: spread, deposit, withdrawal and custody costs explained, with examples in EUR and CHF. How to measure your real costs yourself.
- Law, taxes & practice · · 14 min readReporting Bitcoin Gains to the German Tax Office CorrectlyReporting bitcoin gains in Germany: which sales go on Anlage SO, how to calculate with FIFO, which records you need and how to correct mistakes.
- Goals, planning & psychology · · 12 min readTaking Bitcoin Profits: Partial Sales by Rules, Not EmotionsTake bitcoin profits with a plan: when you sell, how much, what you never sell and what taxes change. With examples in euros and francs.
- Basics · · 15 min readBitcoin Glossary: The Key Terms from A to ZBitcoin glossary from A to Z: seed, sats, halving, mempool, Lightning, Power Law and 60 more terms explained briefly and clearly. Look them up now.
- Law, taxes & practice · · 12 min readBitcoin in a GmbH: Opportunities and PitfallsBitcoin in a German GmbH: no holding period, around 30 % tax on gains, tax again on distributions, running costs. When it pays off, with a worked example.
- Power Law · · 12 min readBitcoin vs. Gold: A Historical Model ComparisonBitcoin vs. gold as a model: how gold rose and fell after 1971, how bitcoin's cycles run and what the gold price target of $1.39 million means.
- Basics · · 11 min readThe Bitcoin Halving Explained SimplyThe bitcoin halving explained simply: what happens every four years, when the next halving comes and what it means for miners, price and your savings plan.
- Buying & saving · · 12 min readBuying Bitcoin in Switzerland: Providers, Fees, ProcessBuying bitcoin in Switzerland: Relai, Pocket, Swissquote, PostFinance and exchanges with real fees in CHF, withdrawal to your wallet and the steps.
- Macro & money · · 13 min readHow Much Bitcoin in a Portfolio? The Correlation AnalysisBitcoin's correlation with stocks and gold since 2011, its falling volatility and what both mean for your bitcoin share of a portfolio. With the math.
- Goals, planning & psychology · · 13 min readBitcoin-Backed Loans: Borrow Instead of SellingBitcoin-backed loans explained: how loan-to-value and liquidation work, what a loan costs and when borrowing beats selling. With a calculator.
- Power Law · · 14 min readBitcoin Price Models Compared: Power Law, S2F, Rainbow and MoreBitcoin price models compared: Power Law, stock-to-flow, Rainbow Chart, MVRV, Pi Cycle and more. What each measures, what it's worth, what failed.
- Power Law · · 13 min readHow to Read the Bitcoin Log Chart: The Logarithmic Scale ExplainedHow to read the bitcoin log chart: what the logarithmic scale shows, where it misleads and how to read trend, floor and zones. With real data.
- Mining & technology · · 14 min readBitcoin Mining at Home in Germany and Switzerland: Is It Worth It?Bitcoin mining at home in Germany and Switzerland, calculated: revenue, electricity price, solar power, heating, taxes. With a calculator for your device.
- Basics · · 14 min readThe 15 Most Common Bitcoin Myths Fact-CheckedBitcoin myths fact-checked: criminals, bubble, climate, bans, quantum computers, taxes. 15 misconceptions checked with figures and sources.
- Mining & technology · · 13 min readRunning Your Own Bitcoin Node: What It Gives You and How to StartRunning your own bitcoin node: what it gives you, which hardware is enough, what power and storage cost and how to set it up step by step.
- Basics · · 13 min readThe Difference Between Bitcoin and BlockchainBitcoin or blockchain? Bitcoin is the network and the money, the blockchain only its ledger. What became of the corporate blockchain hype, and why.
- Macro & money · · 13 min readBitcoin vs. Real Estate: Which Protects Better Against Inflation?Bitcoin or real estate against inflation? Prices in DE, AT and CH since 2016, costs, mortgages, taxes and a worked example with €300’000.
- Buying & saving · · 15 min readBuying Bitcoin Without KYC: P2P, Legal Status, Pros and ConsBuying bitcoin without KYC: P2P exchanges, cash and ATMs, what is allowed in DE, AT and CH, what it costs and how to protect yourself from fraud.
- Buying & saving · · 11 min readBitcoin-Only App or Crypto Exchange: Which Suits You?Bitcoin-only app or crypto exchange? Costs, custody, regulation and distraction compared, with a worked example in EUR and CHF. How to choose well.
- Buying & saving · · 13 min readBuying Peer-to-Peer: Bisq, HodlHodl & Co.Buying bitcoin P2P with Bisq, HodlHodl, RoboSats and Peach: how the platforms secure a trade, a trade step by step, premiums and risks.
- Security & custody · · 13 min readThe Bitcoin Passphrase (25th Word) ExplainedBitcoin passphrase explained: how the 25th word protects your seed phrase, when it is worth it, how to back it up and which typo costs you everything.
- Power Law · · 14 min readBitcoin Price Prediction 2030, 2035, 2040 by the Power LawBitcoin price prediction for 2030, 2035 and 2040 by the Power Law: floor, trend and top band in USD, EUR and CHF, with an example and the model's limits.
- Power Law · · 11 min readThe Bitcoin Rainbow Chart ExplainedBitcoin Rainbow Chart explained: how its colour bands are drawn, where it comes from, why it was redrawn in 2022 and what the Power Law does differently.
- Law, taxes & practice · · 13 min readBitcoin Retirement: Tax-Optimised WithdrawalsBitcoin retirement withdrawals: which coins to sell first in Germany, Austria and Switzerland, tax-free limit, old holdings, wealth tax. With a plan.
- Macro & money · · 14 min readBitcoin as a Reserve Currency: How Realistic Is It?Bitcoin as a reserve currency: what central banks hold today, what bitcoin lacks for the role and what price parity with gold would mean. With IMF data.
- Goals, planning & psychology · · 15 min readBitcoin and Divorce: What Needs to Be Settled?Bitcoin in a divorce in Germany, Austria and Switzerland: how coins count in the division, which cut-off date applies and how to split them cleanly.
- Mining & technology · · 15 min readBitcoin Soft Fork Explained: Taproot, SegWit and Future UpgradesBitcoin soft fork explained simply: how bitcoin gets new rules, what SegWit and Taproot brought and what it means for your coins.
- Buying & saving · · 13 min readBitcoin Spot ETFs: What Investors Need to KnowBitcoin spot ETFs like IBIT and FBTC: what they are, why EU investors usually can't buy them, what DACH investors use instead and what it costs.
- Law, taxes & practice · · 14 min readBitcoin on Your Swiss Tax Return: Step by StepBitcoin on your Swiss tax return: which form, which price, which records. With a worked example in francs and a checklist, so you declare it correctly.
- Law, taxes & practice · · 16 min readBitcoin Taxes in Austria: KESt, Old Holdings and Tax Return 2026Bitcoin taxes in Austria 2026: 27.5% KESt, tax-free old holdings, average cost, losses and the E1kv form explained, with worked examples.
- Law, taxes & practice · · 15 min readBitcoin Taxes in Switzerland: What You Need to Know in 2026Bitcoin taxes in Switzerland 2026: tax-free capital gains, wealth tax, income from mining and lending, and the rules for professional traders.
- Power Law · · 15 min readThe Bitcoin Top Band: When Partial Sales Make SenseThe Bitcoin top band shows how high cycle highs have reached. Where it is today, when partial sales made sense and why the room is shrinking.
- Basics · · 12 min readHow Does a Bitcoin Transaction Work? Inputs, Outputs and ChangeBitcoin transactions explained simply: inputs, outputs and change, how the fee arises, what happens in the mempool and why 6 confirmations are the rule.
- Mining & technology · · 14 min readUnderstanding Bitcoin Transaction Fees and the Mempool: How Not to OverpayBitcoin transaction fees explained simply: how the mempool works, what a transaction costs today and how to save on fees. With examples.
- Treasury companies · · 13 min readBitcoin as a Treasury Asset: Why More and More CFOs Are Considering ItBitcoin as a treasury asset from the CFO's view: lost purchasing power, the US rule ASU 2023-08, policy, custody, volatility and a sizing example.
- Treasury companies · · 15 min readBitcoin Treasury Companies in Europe: Capital B, H100, BTC AB and Co.Bitcoin treasury companies in Europe: Capital B, H100, Smarter Web and BTC AB compared. Holdings, mNAV, debt and risks, explained simply with figures.
- Law, taxes & practice · · 14 min readCan Bitcoin Be Banned? The Law in DE, CH, AT and WorldwideBitcoin ban: what governments can and cannot ban, how China tried it and what applies in Germany, Austria and Switzerland.
- Law, taxes & practice · · 14 min readGifting and Inheriting Bitcoin: Tax Consequences in DE, CH and ATGifting bitcoin: tax, allowances and reporting duties in Germany, Switzerland and Austria in 2026, with worked examples in EUR and CHF.
- Power Law · · 13 min readThe Bitcoin Four-Year Cycle: Myth or Pattern?The bitcoin four-year cycle fact-checked: every cycle since 2012 with halving, high and low, why the rhythm held and what it means for 2028 to 2030.
- Basics · · 14 min readBitcoin vs. Altcoins: Why Bitcoin Is DifferentBitcoin vs. altcoins: what sets bitcoin apart from Ethereum, XRP, Solana and 22’000 other coins, with real figures since 2013. Check the facts.
- Basics · · 14 min readBitcoin vs. Gold: Which Store of Value Wins?Bitcoin vs. gold, fact-checked: returns, volatility, scarcity, custody and taxes in DE, AT, CH with real figures in EUR and CHF. Compare them now.
- Basics · · 13 min readBlockchain Explained Simply, Without the JargonBlockchain explained simply: how blocks, fingerprints and mining make a ledger tamper-proof, shown with a real block. Read it now.
- Macro & money · · 14 min readBRICS and Bitcoin: The New MultipolarityBRICS and bitcoin: why there is no BRICS currency, what CIPS, mBridge and local-currency trade achieve, and what Russia and China do with bitcoin.
- Treasury companies · · 12 min readHow to Calculate a Company's BTC YieldHow to calculate BTC Yield: how Strategy measures bitcoin per diluted share, what BTC Gain and BTC $ Gain mean and where the metric misleads.
- Macro & money · · 15 min readThe Cantillon Effect Explained Simply: Who Benefits from New MoneyThe Cantillon effect explained simply: who gets new money first, why wages and savings lag behind and what bitcoin changes about it. With figures.
- Treasury companies · · 12 min readCoinbase: Bitcoin Custodian and Exchange OperatorCoinbase is an exchange, custodian of most US bitcoin ETFs and a bitcoin holder itself. What the concentration risk and the 2025 data leak mean for you.
- Security & custody · · 12 min readColdcard vs. Trezor vs. Bitbox02Coldcard, Trezor or BitBox02? Makers, secure element, air gap, multisig, passphrase, ease of use and prices of the three devices compared head to head.
- Law, taxes & practice · · 13 min readDAC8 and CARF Explained: What Crypto Providers Report About YouDAC8 and CARF 2026: what data exchanges and apps report about your bitcoin to the tax office, from when, what about your wallet and what to do.
- Buying & saving · · 11 min readDollar-Cost Averaging for BeginnersDollar-cost averaging explained simply: why a fixed amount buys more bitcoin when prices are low, what it can't do and how to start in 5 steps.
- Digital credit · · 13 min readTaxes on Digital Credit Dividends: Germany, Switzerland, AustriaTaxing Digital Credit dividends in DE, CH and AT: withholding tax, return of capital, saver's allowance and KESt, with worked examples. As of 2026.
- Digital credit · · 12 min readMonthly Cash Flow from Digital Credit: Three Sample PortfoliosMonthly cash flow from digital credit: three sample portfolios of STRC, STRF, STRE, SATA and SATS, net of tax and stress-tested. Do the maths.
- Digital credit · · 14 min readDigital Credit vs. Bonds, Fixed Deposits and Dividend Stocks: Yield and RiskDigital Credit vs. bonds, fixed deposits and dividend stocks: yield after inflation, the June 2026 crash, rank in a default. With examples in EUR and CHF.
- Macro & money · · 13 min readDigital Euro and Bitcoin: What CBDCs Mean for Your MoneyDigital euro and Bitcoin compared: where the law stands, holding limit, privacy, what CBDCs show worldwide and what it means for your savings.
- Goals, planning & psychology · · 11 min readWhy Diversification Works Differently with BitcoinDiversification with bitcoin: why a small share does a lot, altcoins don't spread risk, and custody, savings and income matter more than coins.
- Digital credit · · 13 min readDividend Calendar for Bitcoin Preferred SharesDividend calendar for bitcoin preferred shares: record, ex and payment dates explained, and when STRC, STRF, STRE, SATA, MORE and co. pay. As of 11/2026.
- Digital credit · · 13 min readEffective Yield, BTC Coverage and BTC Price at 1× ExplainedBTC coverage and effective yield explained: what the three key figures of every bitcoin preferred stock tell you, what they hide and how to read them.
- Buying & saving · · 12 min readFinding the Right Time to Buy Bitcoin: Does It Exist?Is there a right time to buy bitcoin? Every start day since 2011 backtested: when buyers were at a loss and what timing really got them.
- Treasury companies · · 13 min readEl Salvador: The First Country with Bitcoin as Legal TenderEl Salvador and bitcoin: the 2021 law, the Chivo wallet, one bitcoin a day, the IMF loan and the 2025 law change. What remains and what you can learn.
- Mining & technology · · 13 min readWhat Comes After the Last Halving? Fees as the Incentive ModelThe last bitcoin is created around 2140, then only fees pay miners. How big the gap is today, what can close it and why there is still time.
- Macro & money · · 17 min readThe Fiat Money System Explained Simply: How Our Money Is CreatedThe fiat money system explained simply: who makes euros and francs, why the money supply always grows and what that means for your savings and for bitcoin.
- Power Law · · 12 min readWhy the Floor Never Reaches ZeroWhy the Power Law floor rises every day and never falls to zero, what that means for the bitcoin price and what not, and how far below it the price fell.
- Macro & money · · 13 min readMoney Supply M1, M2, M3: And Why Bitcoin Is DifferentMoney supply M1, M2, M3 explained: what counts at the ECB, SNB and Fed, how much each level has grown since 1999 and why bitcoin's supply stays fixed.
- Macro & money · · 14 min readM2 Money Supply and the Bitcoin Price: What the Link Really ShowsM2 money supply and bitcoin: how closely does the price track it? Real data from the US, euro area and Switzerland since 2013, with a worked example.
- Law, taxes & practice · · 14 min readProfessional Securities Trading with Bitcoin in Switzerland: The 5 CriteriaProfessional securities trading with bitcoin in Switzerland: the ESTV's 5 criteria, three examples in francs and what the status costs. Test yourself.
- Macro & money · · 15 min readWhat Is Good Money? The Properties of Money ComparedThe properties of money compared: scarce, durable, divisible, portable, verifiable. How the euro, franc, gold and bitcoin score, with a table and figures.
- Mining & technology · · 14 min readThe Halvings in Review: What Happened After Each One?All four Bitcoin halvings in review: price on the day, after 6, 12 and 18 months, cycle top, crash, effects on miners and what 2028 may bring.
- Security & custody · · 14 min readHardware Wallets Compared: Which One Fits Your Bitcoin?Hardware wallet comparison 2026: BitBox, Trezor, Coldcard, Jade, Passport and Ledger with prices in euros and francs. Find the device that fits you.
- Goals, planning & psychology · · 11 min readHODL Psychology: How to Handle Bitcoin's VolatilityUnderstanding HODL psychology: why bitcoin crashes hurt so much, how often you see losses and which rules help you ride out volatility calmly.
- Macro & money · · 13 min readThe History of Hyperinflation: Weimar, Zimbabwe, VenezuelaHyperinflation in Weimar, Zimbabwe and Venezuela: what bread cost, why money collapses, who lost, who kept their wealth and what role bitcoin plays.
- Law, taxes & practice · · 13 min readIs Bitcoin a Security? The Legal Position in Germany, Austria and SwitzerlandIs bitcoin a security? No: the legal position in Germany, Austria, Switzerland, the EU and the US, and what it means for licences, protection and tax.
- Macro & money · · 15 min readPreserving Purchasing Power over 100 Years: Gold, Stocks, BitcoinWhat 100 dollars, francs and marks have lost since 1913, and how gold, stocks and bitcoin held purchasing power. With figures and an honest verdict.
- Treasury companies · · 14 min readSmall Bitcoin Treasury Companies: Opportunities and RisksSmall bitcoin treasury companies: why they copy Strategy, how they raise money, why their mNAV premium collapsed and how to check one before buying.
- Goals, planning & psychology · · 13 min readCognitive Biases in Bitcoin InvestingTwelve thinking errors that cost bitcoin investors money, from anchoring to survivorship bias, each with a bitcoin example and a countermeasure.
- Treasury companies · · 14 min readThe Risk of Leveraged Bitcoin CompaniesLeveraged bitcoin companies: what a 50 % bitcoin crash does to equity, why loans backed by bitcoin are dangerous and what 2022 taught.
- Mining & technology · · 15 min readThe Lightning Network Explained: Pay With Bitcoin in SecondsThe Lightning Network explained simply: how channels work, what a payment costs, which wallet fits and where the limits are. With a worked example.
- Law, taxes & practice · · 13 min readLightning Network and Taxes: Does Every Payment Have to Be Reported?Lightning and taxes in Germany, Austria and Switzerland: when a payment is taxable, what applies to channels and routing fees, and which records you need.
- Treasury companies · · 12 min readMarathon Digital: The Largest Listed Bitcoin MinerMARA Holdings (formerly Marathon Digital) explained: hashrate, bitcoin holdings, cost per bitcoin, convertible notes and why the stock is not bitcoin.
- Basics · · 13 min readWhat Is a Mempool?The mempool is the waiting room for unconfirmed Bitcoin transactions. How miners choose by sat/vB, what happens when it is full and how to read it.
- Mining & technology · · 12 min readMempool Analysis: What Transaction Fees Reveal About the MarketWhat fees and mempool size reveal about demand for block space: the spikes of 2017, 2023 and 2024, quiet phases, miner revenue and the limits.
- Treasury companies · · 14 min readMetaplanet Stock: Japan's Bitcoin Treasury ExplainedMetaplanet stock explained: how Japan's largest bitcoin holder built 44’000 BTC, how much bitcoin is in one share and which risks you carry.
- Digital credit · · 14 min readMetaplanet MARS and MERCURY: Japan's Bitcoin Preferred Stocks ExplainedMetaplanet MARS and MERCURY explained: what the two preferred stocks pay, why you can't buy them yet and what is due in January 2027.
- Power Law · · 12 min readMetcalfe's Law and Bitcoin: Network Effect and ValuationMetcalfe's law explained simply: why a network grows with the square of its users, what that means for Bitcoin and where the idea reaches its limits.
- Law, taxes & practice · · 13 min readMiCA and Bitcoin: What EU Regulation Means for You as a HolderMiCA and bitcoin: what the EU rules change for exchanges, custody and your own wallet, what stays free and how to recognise an authorised provider.
- Mining & technology · · 14 min readHow Bitcoin Mining Pools WorkMining pools explained: shares, PPS, FPPS and PPLNS payouts with a worked example, pool fees, who builds the block and why that matters.
- Mining & technology · · 13 min readBitcoin Mining with Solar Power: Economics and SetupBitcoin mining with solar power, worked out: surplus vs feed-in tariff in DE, AT and CH, the winter gap, smart switching and a 10 kWp example.
- Treasury companies · · 15 min readmNAV Explained: When Are Bitcoin Treasury Stocks Expensive?mNAV explained: how to calculate the metric for treasury stocks gross and net, what a premium costs and when Strategy, Strive and others are expensive.
- Macro & money · · 13 min readThe Austrian School and Bitcoin: What Menger, Mises and Hayek ExplainThe Austrian School and Bitcoin: what Menger, Mises and Hayek taught about sound money, interest and crises, where Bitcoin fits and where it doesn't.
- Macro & money · · 13 min readBitcoin and the Petrodollar: What Is Changing?Petrodollar and bitcoin: what was really agreed in 1974, why the "2024 expiry" was a myth, and where bitcoin fits in the oil trade and where it doesn't.
- Power Law · · 13 min readThe Power Law Floor: How Low Can Bitcoin Go?The Power Law floor explained: where bitcoin's lower bound is today, how deep past bear markets fell and what followed days below the floor. Do the math.
- Power Law · · 16 min readCriticism of the Bitcoin Power Law: The Model's WeaknessesBitcoin Power Law criticism checked against the data: seven weaknesses of the model, what holds up in each, and how to plan with it anyway. Do the maths.
- Power Law · · 12 min readWhat Happens to the Power Law After the Last Halving?The last bitcoin is created around 2140. Why the Power Law needs no halvings, what changes for miners and why a 100-year extrapolation doesn't hold.
- Power Law · · 33 min readBitcoin's Power Law with a Narrowing Range: Floor, Trend, Top Band, Zones and the 2-Year Moving-Average BandResearch paper on Bitcoin's Power Law: a floor on the published formula, a top band that nears it, the trend between the two, zones and the 2-year MA.
- Power Law · · 13 min readSensitivity analysis: how stable are the Power Law parameters?How much do the Bitcoin Power Law's slope and intercept change with the data's end, start date and weighting? Recalculated up to 2026.
- Power Law · · 14 min readPower Law vs. Stock-to-Flow: Which Bitcoin Model Holds Up?Power Law vs. stock-to-flow, data-checked: how both models calculate, what they have predicted since 2019 and which one you can trust today.
- Basics · · 13 min readProof of Work Explained SimplyProof of work explained simply: why Bitcoin needs computing work, how the hash lottery works and how it differs from proof of stake.
- Goals, planning & psychology · · 13 min readThe Psychological Trap of SellingWhy selling bitcoin is so hard: anchoring to the all-time high, regret, the disposition effect, identity and taxes. And how to defuse the traps.
- Mining & technology · · 14 min readQuantum Computers and Bitcoin: How Big Is the Threat?Quantum computers and Bitcoin: which coins are really at risk, how far the technology is, what developers plan and what you can do today.
- Treasury companies · · 12 min readRiot Platforms vs. CleanSpark: Comparing the MinersRiot Platforms and CleanSpark compared: sites, power strategy, bitcoin holdings, AI plans and the metrics you should check before buying a miner stock.
- Digital credit · · 14 min readThe Risks of Bitcoin Preferred Stocks: What Can Go WrongBitcoin preferred stocks and their risks: price crashes, suspended dividends, dilution, the dollar. With real figures from 2026 and a checklist.
- Basics · · 14 min readSatoshi Nakamoto and the Origins of BitcoinSatoshi Nakamoto explained: who is behind Bitcoin, how the 2008 whitepaper became a network, why Satoshi vanished and what the coins are worth.
- Basics · · 11 min readSats Explained: Why You Don't Need a Whole BitcoinSats explained: what a satoshi is, how many sats you get for €10 or CHF 10 and why you don't need a whole bitcoin. Do the maths now.
- Security & custody · · 13 min readStoring Your Seed Phrase Safely: Metal Backups and MistakesStore your seed phrase safely: which metal survives fire and water, how many copies you need, where to keep them and which mistakes cost bitcoin.
- Security & custody · · 14 min readSIM Swapping and How to Protect YourselfSIM swapping explained: how scammers take over your phone number, why bitcoin holders are targets and how authenticator apps and security keys protect you.
- Treasury companies · · 15 min readThe Smarter Web Company (SWC): A UK Bitcoin Treasury ExplainedSmarter Web Company shares explained: how the UK web firm built up 2’850 BTC, how much bitcoin is in one SWC share and which risks you carry.
- Security & custody · · 12 min readSocial Engineering: The Biggest Threat to HoldersSocial engineering and Bitcoin: how attackers use fake support, phone calls and trust to make you send, and the three rules that protect you.
- Mining & technology · · 13 min readSolo Mining: The Bitcoin Lottery, Honestly CalculatedSolo mining explained simply: your real chance of a whole block, what power and hardware cost, and when the lottery ticket is worth it.
- Buying & saving · · 13 min readSavings Plan or Lump Sum: What Worked Better for BitcoinSavings plan or lump sum for bitcoin? 180 start months since 2011 backtested: when the lump sum came out ahead, when the savings plan did. Check your zone.
- Treasury companies · · 13 min readCountries with Bitcoin Reserves: Who Holds How Much and Why?Countries holding bitcoin: how many coins the US, China, the UK and El Salvador hold, where they came from and what state reserves mean for you.
- Macro & money · · 13 min readNational Debt and Bitcoin: Why Bitcoin Benefits from the Debt BurdenNational debt and bitcoin: how high debt is in the US, DE, AT and CH, how states get rid of it and why that favours bitcoin. With figures.
- Macro & money · · 13 min readStagflation: How Bitcoin Fares in This ScenarioStagflation and bitcoin: what the 1970s teach about gold, stocks and bonds, what 2022 with −77% shows, and how you prepare as a holder.
- Buying & saving · · 12 min readTaxes When Buying Bitcoin in GermanyTaxes when buying bitcoin in Germany: why the purchase is tax-free, what to record for the holding period and how FIFO, fees and savings plans count.
- Power Law · · 13 min readStock-to-Flow: Strengths and Limits of the ModelStock-to-flow explained: how the model turns stock and new issuance into a bitcoin price, what it got right in 2021 and why it has been far off since.
- Treasury companies · · 13 min readStrategy (MicroStrategy): The Complete Bitcoin StoryStrategy and bitcoin from 2020 to 2026: first purchase, convertible notes, the 2022 crash, Saylor's CEO exit, the new name, preferreds and 849’327 BTC.
- Digital credit · · 13 min readStrategy's (MicroStrategy's) Capital Structure ExplainedStrategy's capital structure layer by layer: bitcoin, convertible notes, five preferred stocks and MSTR. Who gets paid first and how far bitcoin can fall.
- Treasury companies · · 13 min readStrategy Stock (MSTR): The No. 1 Bitcoin Company ExplainedStrategy stock (MSTR) explained: how the No. 1 bitcoin company buys bitcoin, how much BTC is in one share and when the leverage works against you.
- Mining & technology · · 13 min readStratum V2: The New Mining ProtocolStratum V2 explained: encryption against hashrate theft, miners building their own block templates, less traffic and what it means for home miners.
- Digital credit · · 11 min readSTRF vs. STRK vs. STRC: Which One Suits Me?STRF, STRK or STRC? A decision guide by investor type with a table, examples for €10’000, the risks of each and a tax note for DACH investors.
- Digital credit · · 11 min readSTRF, STRK, STRD, STRE Compared: Strategy's Fixed-Rate Preferred StocksSTRF, STRK, STRD, STRE compared: yield, rank, coverage and catches of Strategy's four fixed-rate preferred stocks, with examples in euros and francs.
- Treasury companies · · 16 min readStrive Stock (ASST): Strategy and Capital Structure ExplainedStrive stock (ASST) explained: how Strive buys bitcoin with preferred stock instead of debt, how much BTC is in one share net and when the leverage tips.
- Digital credit · · 13 min readStrive Asset Management: Bitcoin-Focused ETFsStrive Asset Management explained: which ETFs Strive offers, what the digital credit ETF DCAP buys and why EU investors usually can't buy US ETFs.
- Digital credit · · 12 min readStrive SATA and SATS Explained: Two Preferreds, Two RisksStrive SATA and SATS explained: 13% variable or 15% fixed, paid daily. How safe the dividend is and what the coverage says, with figures.
- Mining & technology · · 14 min readTaproot and Schnorr: What the Last Big Upgrade BroughtTaproot and Schnorr explained: shorter signatures, MuSig2, hidden script trees, bc1p addresses, fees, privacy and the Ordinals side effect.
- Goals, planning & psychology · · 15 min readLiving Off Bitcoin: What It Really TakesLiving off bitcoin: how much BTC you need, why a buffer for two years of bear market works and what taxes and health insurance cost. Run the numbers.
- Goals, planning & psychology · · 10 min readBecoming a Wholecoiner: The Road to One Whole BitcoinBecoming a wholecoiner: how long it takes to save one whole bitcoin, why it gets harder every year and which milestones help. Do the math now.
- Goals, planning & psychology · · 14 min readHow Many Sats Do I Need to Retire? How Much Bitcoin Is EnoughHow much bitcoin is enough to retire: your pension gap, 4% withdrawal and the Power Law floor give your number in sats. With a table in EUR and CHF.
- Macro & money · · 13 min readWhy Central Banks Are Adding to Their Gold ReservesWhy central banks have bought gold since 2010 and more than ever since 2022: Russia's frozen reserves, the biggest buyers, Bundesbank, SNB and bitcoin.
- Goals, planning & psychology · · 13 min readThe Difference Between a Goal and a StrategyGoal or strategy? The goal is the destination, the strategy the route. Two worked examples show how to check both and write them down.
- Macro & money · · 13 min readInterest Rates, Central Banks and Bitcoin: What the Policy Rate Does to the PriceInterest rates and bitcoin: how the Fed, ECB and SNB move the price, phase by phase since 2020 with real data, and what rates mean for your savings.
- Goals, planning & psychology · · 13 min readWhy Most Holders Sell Too EarlySelling bitcoin too early: what selling at +50 %, +100 % or +300 % cost in each cycle, why holders do it and how a written plan helps.
- Security & custody · · 14 min readHow to Spot Bitcoin Scams: The Most Common TricksHow to spot bitcoin scams: the 8 most common tricks, their warning signs and a 5-step check for any offer. Plus: what to do if it has happened to you.
- Mining & technology · · 16 min readBitcoin Mining Explained: How New Bitcoin Are CreatedBitcoin mining explained simply: how miners find blocks, what they earn, why mining protects the network and whether it pays at home, with a calculator.
- Goals, planning & psychology · · 11 min readHow to Talk to Your Partner and Family About BitcoinHow to talk to your partner about Bitcoin without a fight: a conversation guide, shared rules, a crash test in USD and EUR and an emergency plan.
- Security & custody · · 13 min readDiscretion and Physical Security for Bitcoin HoldersBitcoin physical security: where your holdings show, how to protect your data, mail and home, and what helps against extortion. With checklist.
- Security & custody · · 15 min readStoring Bitcoin Safely: The Complete Custody GuideStoring bitcoin safely: exchange, wallet app, hardware wallet or multisig? Which level suits your amount, how to back up your seed, mistakes to avoid.
- Buying & saving · · 13 min readBitcoin Savings Plans: Providers ComparedBitcoin savings plans compared for DE, AT and CH: fees, spread, minimum amount and withdrawal to your own wallet at 10 providers. Find your plan.
- Law, taxes & practice · · 16 min readBitcoin Taxes in Germany: The Complete Guide 2026Bitcoin taxes in Germany 2026: holding period, tax-free limit, FIFO, staking, mining and the tax return explained, with worked examples and a checklist.
- Treasury companies · · 15 min readBitcoin Treasury Companies Explained: Model, mNAV, RisksBitcoin treasury companies explained: how Strategy, Metaplanet and others buy bitcoin, what mNAV reveals and when the stock is riskier than bitcoin.
- Security & custody · · 15 min readBitcoin Inheritance: How Your Family Gets Your CoinsPassing on bitcoin without losing it: emergency letter, seed storage, multisig, will and inheritance tax in Germany, Switzerland and Austria explained.
- Security & custody · · 13 min readHow to Set Up a Bitcoin Wallet: Your First Wallet Step by StepSet up a bitcoin wallet in 8 steps: choose the right wallet, write down your seed safely, test the backup and receive your first bitcoin from an exchange.
- Goals, planning & psychology · · 16 min readSet and Plan Your Bitcoin GoalSet your bitcoin goal in 5 steps: amount in euros or francs, target date, savings rate, selling rules and your why. With a sample plan. Start planning.
- Mining & technology · · 10 min readThe Difficulty Adjustment: The Heart of BitcoinThe difficulty adjustment explained: how Bitcoin keeps its 10-minute pace every 2’016 blocks, with the live value, a worked example and records.
- Digital credit · · 15 min readDigital Credit Explained: Understanding Bitcoin Preferred StockDigital credit explained: how bitcoin preferreds like STRC, STRF or SATA pay 8 to 15% dividends, how well bitcoin covers them and where the risks lie.
- Macro & money · · 16 min readInflation and Loss of Purchasing Power: Why Saving No Longer PaysInflation and purchasing power in figures: what €100 and CHF 100 lost since 2000, why savings shrink in real terms and what bitcoin does differently.
- Security & custody · · 13 min readMultisig Wallet: More Security Through Several KeysMultisig wallet explained simply: how 2 of 3 keys protect your bitcoin, what you need to back up, what it costs and when it is worth it.
- Digital credit · · 11 min readSTRC (Stretch) Explained: Yield, Mechanics, RisksSTRC Stretch explained: how Strategy's preferred stock pays 12% a year, why it trades near $100 and what happens when bitcoin falls. With real figures.
- Basics · · 16 min readWhat Is Bitcoin? The Complete Beginner's GuideWhat is Bitcoin? Explained simply: how it works, why there are only 21 million, what it is worth and how to start safely. With calculators.