NET OUTFLOW
$0 CAD
Federal revenue from AB minus federal spending in AB.
Alberta earns. Ottawa spends. Here's the bill.
The Heritage Fund holds $31.9 billion. Sounds like a lot until you realize Alberta sent a net $231 billion to Ottawa over the same period. Pick a scenario. See what we could have built instead.
Net fiscal outflow from Alberta to the rest of Canada.
2010 to present.
$0 CAD
$0 per Albertan
~$602 draining every second.
Source: Statistics Canada Table 36-10-0450-01.
What if we'd put a tiny fraction of that into Bitcoin instead?
Real data. Real prices. Monthly BTC/CAD historical prices. StatsCan fiscal outflow.
// investment scenario. What if we bought bitcoin at the same time as:
0.05% of the outflow, bought monthly. Before any government on earth held Bitcoin.
TRUE PIONEER / JAN 2013
0.00 BTC
≈ $0 at live price
Monthly historical BTC prices.
HERITAGE FUND
Today $31.9B
vs
With Bitcoin —
—
// how alberta compares to sovereign bitcoin holders
| Jurisdiction | BTC / Exposure | Method | Est. Value (CAD) |
|---|---|---|---|
| United States | 328,372 BTC | Seized assets | ~$46.2B CAD |
| United Kingdom | 61,245 BTC | Seized assets | ~$8.6B CAD |
| Bhutan (DHI) | 5,884 BTC | State mining since 2019 | ~$828M CAD |
| El Salvador | 7,514 BTC | Open-market DCA since 2021 | ~$1.06B CAD |
| Abu Dhabi Mubadala | ~$791M via ETF | iShares IBIT | ~$791M CAD |
| Luxembourg FSIL | ~$12.6M direct | 1% of portfolio, Oct 2024 | ~$12.6M CAD |
| Wisconsin State Fund | ~$449M via ETF | iShares IBIT, Jan 2024 | ~$449M CAD |
| Alberta (your scenario) | - | - | - |
// the bitcoin budget
What if they'd bought Bitcoin instead of wasting it?
Politicians spent it. This is what Bitcoin would have said if you’d asked it first.
// net fiscal outflow from Alberta to the rest of Canada
Note: In 2020, COVID emergency transfers temporarily reversed the flow. Ottawa spent $61.9B in Alberta versus $45.1B collected. The 15-year net remains $231 billion.
Source: Statistics Canada Table 36-10-0450-01. Federal general government revenue minus expenditure in Alberta, 2010–2024.