At my boat club, I met an investor who told me he’d bought $100 worth of bitcoin because he didn’t trust the dollar. That $100 is now worth $20 million. He told me he’d never sell.

Fast forward to today: I was recently targeted in a scam by someone posing as a high-profile figure in financial services. It seemed real because the connection tied back to a blog comment I made months ago. We exchanged 20 emails in 5 days before I knew for sure it was fraudulent. During that exchange, bitcoin came up as a “gift” for my work on the Stars model.

That got me curious: how does Stars compare to bitcoin?
-Over 25 years, Stars has returned 21% per year.
-Bitcoin has returned at least 58% annually (assuming $1 starting price—it was actually lower).

I had always thought of the 40–60% SPY allocation within Stars as a placeholder for other models or preferred investments. But now I’m asking: should that space be SPY… or bitcoin?

Here’s what I found: if I had held the rebalancing profits from TQQQ in bitcoin instead of SPY, the Stars model performance would have been boosted by 50% over the past 5 years.

Tomorrow, I’ll share more on what a bitcoin variation of the Stars model could look like.

👉 What do you think—does bitcoin have a place in long-term portfolio models like Stars?