The Yield on Bitcoin is Freedom

One of the biggest complaints that folks in traditional finance have about Bitcoin (besides all of the general FUD) is that it doesn’t produce yield.
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Unlike dividend-paying stocks or yield-bearing credit, holding Bitcoin doesn’t directly provide a means to acquire more 'money'. For some, this is a non-starter.
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Sure, you could put up your Bitcoin as collateral and lend it out to earn some interest, but you’re taking on serious counterparty risk, whether directly with the success (or evasion from government shutdown) of the company or by margin call, which happened with many people keeping their Bitcoin on BlockFi and Celsius a few years back.
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But most investors are accustomed to a steady stream of new money from their investments and, understandably, it’s a hard addiction to kick.
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If you buy and hold Bitcoin in proper self-custody, you can expect no new Bitcoin to hit your account for which you didn’t work or that you don’t directly purchase.
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But to forfeit the opportunity of Bitcoin for lack of monetary yield is to miss its purpose: to serve as a counterparty-free, incorruptible savings tool in the future of money.
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The yield on Bitcoin isn’t more dollars, euros, yen, or even more Bitcoin; Bitcoin’s yield is freedom.
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Bitcoin frees you from counterparty risk. It frees you from trust in an institution well-removed from your immediate cares and concerns. It frees you from the continued debasement of your local form of money. It frees you from betting on companies you know little or nothing about, or government debt that can be easily payed back with a money printer and more inflation.
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And over a long enough time horizon Bitcoin yields financial freedom, as superior money forces out inferior money.
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Bitcoin is not an investment or a speculative asset. It is a scarce savings technology that can’t be manipulated by any individual, institution, or government.
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If you don’t see yield in Bitcoin, it may be because you are looking for it in all the wrong places.

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