I Asked Bitcoin To Do Too Much (JWP 129)

Between 2023 and 2025, my Bitcoin position grew so fast I thought I'd solved the wealth problem. Then the market turned, hard and fast, and I found out exactly what I'd built.Turns out I was asking one asset to be four things at once: my growth, my income, my emergency fund, and my peace of mind. When volatility hit, all four failed together.In this episode I walk through what actually happened (the renovation, the forced selling, the hardest six months of my marriage) and the framework I'm now using instead: every dollar needs one job, not four.Growth. Purchasing power over the long run.Income. Money through the front door, however you make it.Optionality. Cash and available capital, your buffer to survive and act.Stability. The base layer you never sell, the thing that lets you sleep.The mistake wasn't buying Bitcoin. It was the architecture.If you want to try the exercise: write down everything you own, and one sentence next to each, what job is this actually doing for you. If you can't answer it, you've found the weakest part of your portfolio.