I lost $1.6m of bitcoin. But I'm going to keep buying more of it. Here's why… What happened to me was a failure of a hardware company. Not Bitcoin. It operated exactly how it was supposed to, and we can even go look up my exact transaction to see the 18 BTC stolen. So why am I still going to buy more? Well first, the US national debt just crossed $40 trillion (yes with a T). It added $2.88 trillion in the last year alone, which works out to about $91,000 every second. On the other hand, there will only ever be 21 million bitcoin. You can’t print more bitcoin like the Fed can print USD. Lastly, bitcoin is an asymmetric bet. If it wins globally, that means that my small allocation can win big too. Which is why I never put my entire wealth into it, and still won't. This isn’t financial advice. And you probably shouldn’t take it from someone who just lost so much money, but it’s how I’m thinking about my next investment steps.