Not the hype. Not the headlines. How it works and why it matters, explained clearly for people who think carefully about money.
Somewhere between 2.3 and 4 million bitcoin are believed to be gone for good, more than one in ten of all that will ever exist. Most of it was never stolen. The owner died, or forgot, and nobody else had the key.
The GENIUS Act placed dollar-backed stablecoins under federal supervision, and the banking regulators are writing the rules. Whatever you make of crypto, it no longer sits outside the system.
Neither of those is a reason to buy anything. They are reasons to understand it.
Lost-coin estimates: Chainalysis, River Financial, Ledger, and Unchained Capital, 2017 through 2026; analysts differ, and the true figure is unknowable by design. Stablecoin rulemaking: OCC and FDIC notices of proposed rulemaking, 2026. Current as of September 2026.
He practices law in Douglas, has served as a prosecutor, and has taught high school math and physics. The classroom habits carry over: start where people actually are, and don't skip the steps everybody skips.
Crypto Basics grew out of the questions clients kept asking, and out of how little of what's written on the subject is written for someone meeting it for the first time.
Licensed in Massachusetts, BBO #666480. Worth verifying before you trust a word of it.
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