David Lawrence

Back in 2010, the minimum wage was £12,064 and the 'higher earner' band started at £43,875.

You only paid 40% tax once you were earning 3.6x the minimum wage.

There was clear incentive to progress, learn and aspire for more.

As things stand, you now start paying 40% tax once you earn £50,270 which is just 1.83x the minimum wage.

If it was the same multiple as 2010, the 'higher earning' band would be £98,841 and everyone below this amount would be paying 20%.

Someone on £98,841 is effectively losing out on £9714.20 net per year if the bandings had simply moved in line with previous multiples relative to minimum wage.

This is one of the reasons why the middle class is being eroded and why there's a cost of living crisis in the UK.

If you want more people to use Bitcoin as money, then capital gains tax needs to be 0%.

If it's treated as an investment, most people will treat it as such.

The truth is, the longer you hold Bitcoin, the more you are discouraged from spending it.

No group of miners, companies or institutions 'control' Bitcoin or can simply change the rules of Bitcoin that everyone is required to follow.

Suggesting otherwise, particularly with such confidence, displays a complete lack of understanding of how Bitcoin actually works.

Bitcoin’s rules, including the 21 million supply cap, are enforced by every full node on the network.

Nodes reject any block that breaks those rules. Changing them is not a matter of editing lines of code; it requires a coordinated upgrade that the network voluntarily adopts.

In August 2026, BIP-110 proposed a temporary restriction on arbitrary data. It needed 55% miner signalling to activate cleanly. It received only about 2.5%.

Nodes enforcing the new rules split off at block 961,632, produced a handful of blocks, and then stalled.

The original chain continued without interruption.

The minority chain later changed its proof-of-work entirely and became a separate network with negligible economic activity.

The same dynamic would apply to any attempt to raise the supply cap.

Because that change would be a hard fork, nodes running the original rules would simply ignore the new blocks.

The chain that preserves the 21 million limit would continue as Bitcoin, while any version with a higher supply would trade as a different asset with very little demand, since holders would ultimately prefer the scarce original.

Large holders and mining pools can influence markets or hash rate, but they cannot force nodes to accept rules they don't want to accept.

Thanks for attending my TED talk 🧡

12 years ago, someone questioned how Bitcoin could ever become a $2.6 Trillion asset.

At the time, Apple, the world's largest company, was valued around $400-500 Billion.

Bitcoin couldnt possibly become 5-6x the size of the world's largest company!

Fast forward 12 years, Bitcoin has a market cap of $1.5 Trillion which is 3-4x the size of Apples market cap from 12 years ago.

Apples current market cap?

$5.04 Trillion. 10-12x it's own market cap from 12 years ago & still the largest company in the world.

People today dismiss the idea that Bitcoin will hit $1m and they almost pass out at the idea of a $10m Bitcoin.

I think it's inevitable at this point.

Bitcoin will be worth $1m within the next decade & $10m in 20 years

However, $1m won't be worth what $1m is today when it does.

The good news for Bitcoiners, is that 1 Bitcoin will still be 1 of only 21 million Bitcoin to ever exist.

Your grandchildren and great-grandchildren will appreciate a piece of digital scarcity over the ever expanding, worthless fiat over the next 10-40 years.

They won't be able to buy it for fiat, but you can.

Plan accordingly.

Trillions of dollars are going to flow into the Bitcoin ecosystem over the next decade.

That capital isn't coming from retail, it's coming from institutions through digital credit products like $STRC, $SATA and ETF's like $IBIT. These products, and many more that will be created over the next decade are going to explode!

The Bitcoin captured ultimately ends up in the hands of the corporations, like Strategy, who create a 'Bitcoin Bank'.

A Bitcoin Bank doesn't sell you Bitcoin - those coins are never coming back into circulation.

This happens in every financial jurisdiction globally.

Over the next c.15+ years, we'll see the continuous transfer of Bitcoin from weak hands (retail) to strong hands (institutions).

Eventually, the consistent, relentless demand for new Bitcoin from these institutions, corporations & sovereign wealth funds will be so large that they'll absorb all new mined supply & OTC desks will run out.

What happens then?

The major exchanges create partnerships to supply governments, corporations, institutions or sovereign wealth funds with Bitcoin at a 'premium' price.

Perhaps they incentivise retail to part with their Bitcoin (120% of current value etc), or a 5% return for life etc.

Joe Bloggs logs onto their exchange, trades their Bitcoin for the latest offer and pats himself on the back for HODLing for so long.

Meanwhile their Bitcoin gets passed on to a corporation.

The % of individuals holding it continues to reduce.

The average retail individual wont be able to buy Bitcoin on an exchange. There simply wont be any available for them.

If you're wealthy and own valuable real estate like a beachfront property on Miami beach, you could demand Bitcoin from a Bitcoiner,

However, an average individual who's receiving universal basic income from the government wont be able to exchange their dogshit paper currency for the hardest capital on earth at that point. No chance.

Beware of anyone telling you to exchange your Bitcoin for an ETF.

Beware of anyone telling to own a treasury company instead of Bitcoin.

They'll happily take your Bitcoin from you though....

Plan accordingly.