Bitcoin has become one of the most discussed and debated assets of the modern era. Opinions often focus on where its price may go next, but before asking where Bitcoin is headed, it's worth asking a more fundamental question. What is Bitcoin? In this article, Basepoint Wealth examines Bitcoin through the lenses of economic history, monetary theory, and investment principles. Rather than forecasting future prices or advocating for a particular outcome, our goal is to provide a thoughtful...

This month’s Market Bearings explores the growing tension between rising inflation, higher interest rates, and the impact of massive AI infrastructure spending on markets and asset prices. W. Allen Wallace breaks down what recent economic data may be signaling, why cash flow matters more than price fluctuations, and how Basepoint is positioning portfolios amid increasing uncertainty. "Inflation is the one form of taxation that can be imposed without legislation." -Milton Friedman "Interest...

Periods like this can feel uneasy, especially when markets appear calm on the surface. Our role is to look beneath that surface and position your portfolio accordingly—so you can stay focused on your long-term goals. “I’d rather be vaguely right than precisely wrong.” -John Maynard Keynes “…one ought to hold all one’s beliefs with a certain element of doubt, and one ought to be able to act vigorously in spite of the doubt.” -Bertrand Russell Millions of very...