Checking Back After Five Months

I wrote about Cryptocurrency and Bitcoin in early February of this year. I thought it might be a good idea to revisit this “store of value.” Bear in mind that something has “value” if someone thinks it is valuable. Something is “valuable” when people think it’s useful or limited in a way that lets it satisfy needs—and when they’re willing to give up something else to get it. Just because you are willing to buy something at a ridiculously high price doesn’t necessarily mean it has value.

In February 2026, Bitcoin’s price ranged from about $60,074 (low) to about $68,400 (around early-month levels / weekly close), based on reported February lows and weekly outlook data. Today the Bitcoin is trading at $59,673 as I type this. The good news is that the asset hasn’t lost a ton more of value. The bad news is that other things have gone up in value, have paid dividends, and are likely to pay dividends in the future.

BTC  Grayscale Bitcoin Mini Trust ETF

A wise investor considers the metrics of an investment. The “Grayscale” ETF has some interesting metrics. There is no earnings date. There is no dividend. There are no earnings, so there is no P/E ratio. Shares purchased at $55.96 are now worth less than $25.75. If you do the math, you will not like the results. The one-year price performance of the Bitcoin is -44.47%.

So if you bought $50,000 of this asset at the peak, you have lost $22,370. You could buy a decent car or truck for $50K and it would be worth more than $28K one year later. A truck isn’t much of a store of value, and the Bitcoin has proven to be more of a Las Vegas fool’s bet than a “store of value.”

A Reality Check for Bitcoin

The Fidelity Investments Bitcoin Report (PDF)

An overview of Bitcoin and its potential use cases (LINK)

A Reality Check from the Scriptures

Proverbs 13:11: “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.”

Proverbs 21:5: “The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.”

1 Timothy 6:9: “But those who desire to be rich fall into temptation, into a snare, into many senseless and harmful desires that plunge people into ruin and destruction.”

Conclusion

Do you know if your investments have value? Let me suggest some ways to know if they are valuable or not. 1) Are there earnings and are the earnings increasing? 2) Are you being paid to be an owner with dividends? 3) Are your assets growing at least 10 percent each year from total returns? If not, then perhaps what you own isn’t valuable.

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