Thanks for all your insight here, and the post you linked was a fantastic - really good read and ideas on energy/bitcoin correlation and true decentralization. Thanks for linking that.

Everything you mention makes sense to me - whether Ford, Block, etc - I want a cashflowing business with strong fundamentals in my portfolio, and as the money system moves to bitcoin denomination, I will be able to increase my Bitcoin holdings.

That wealth transfer you mention is where I'm still hung up...

If it's a "slow" transition (ie longer than my remaining lifetime), then I want to invest in any company that produces the best risk adjusted returns. If Bitcon adoption is very slow, this favors more of a traditional company (let's just call in $MSFT, $AMZN, $F).

I guess it's this "medium term transfer" where we get some steady transfer of wealth to Bitcoin - which offers some sort of favorable "blue ocean" to Bitcoin/Lightning companies in a new market. So maybe this is where the best risk adjusted return is for investing in Bitcoin/Lightning co's (good business fundamentals, a new market, and steady adoption rates)?

But in a "fast" transfer of wealth scenario - if hyperbitcoinization occurs anytime in the next 20 years let's say - then it seems the value increase of my Bitcoin savings far outweighs the return on any Bitcoin/Lightning company - especially given the risk correlation?

I don't claim to have some formula or answer, just thinking out loud here...I guess a lot of the analysis depends on the timeline of the overall adoption/wealth transfer and how that models into the portfolio co's fundamentals?