Bitcoin and the Future of Our Union
For decades, unions have trusted the banking system to hold their treasuries. That might have worked in the 1950s. But today? The dollar loses value every single year. Inflation eats away at every paycheck. Debasement means the money you worked for buys less tomorrow than it does today. You know it. You feel it every time you buy groceries, pay rent, or cover a medical bill.
That’s why I pushed to make Local 728 the first private-sector union to adopt Bitcoin on its balance sheet and to put it in self-custody. Because our treasury isn’t money, it’s sacrifice. And I refuse to watch that sacrifice erode in a broken financial system.
Here’s the truth, Bitcoin isn’t just an investment. It’s capital preservation. It’s a tool. A Bitcoin treasury gives us the ability to issue hardship loans to members without losing long-term spending power. While a member gets the cash they need to pay a mortgage or keep food on the table, the collateral, Bitcoin, continues to appreciate in value. That means our treasury doesn’t shrink when we help members. It grows stronger.
That’s the difference between the old way and the new way. The old way leaves us at the mercy of banks, inflation, and politicians. The new way lets us leverage our treasury to directly improve members lives today while protecting the sacrifices already made for tomorrow.
Employers innovate. Politicians rewrite rules. If we cling to tradition, we lose. If we use tools like Bitcoin to build financial sovereignty, we win, not just for ourselves, but for the generations that follow.
Our goal isn’t speculation. It’s survival. It’s capital preservation. It’s making sure that the sweat you gave this union doesn’t get swallowed by inflation, but gets reinvested back into your life, your family, and your future.
Built by Sacrifice. Driven by Results. That’s what Bitcoin means for Local 728.
Bitcoin
Myths vs. Reality
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The Reality:
Inflation is risky. Dollar debasement is risky. Leaving our treasury in a system where its value shrinks every year is risky. Bitcoin has volatility in the short term, but in the long term it protects purchasing power better than any asset unions have ever used.
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The Reality
We’re not gambling, we’re preserving. Our Bitcoin treasury strategy is about using Bitcoin as collateral. That means we can issue hardship loans to members without draining our treasury. Members get the help they need, and the union’s financial power keeps growing.
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The Reality
Not when it’s in self-custody. We don’t park it with Wall Street. We hold it ourselves. That means no bank, no politician, and no outsider can seize what belongs to Local 728.
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The Reality:
The old way is slowly killing us. Parking cash in banks while inflation eats it away isn’t safe, it’s guaranteed loss. Employers innovate. Politicians move the goalposts. If we don’t adapt, we get left behind.
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The Reality
It affects every member. A Bitcoin strategy means when times get hard, when you’re out of work, when bills pile up, when inflation crushes your paycheck, the union has the financial muscle to step in and help without draining the future.