Rajat Soni, CFA

Most people reject #Bitcoin without studying it They think they're smart, so they expect to understand it quickly and easily So instead of digging deeper after things get complicated, they conclude that Bitcoin is a scam This is why thousands of hours of study are required If you don't put in the thousands of hours, you will always have doubts in the back of your mind It's pretty interesting that someone who studied Bitcoin for thousands of hours can see how little someone else has studied bitcoin I think @PeterSchiff is an example of a Bitcoin hater who hasn't put in the required hours to understand Bitcoin In fact, I think he has put in no time at all I don't think he's lying when he says he doesn't own bitcoin He doesn't understand it! He thinks we will go to a gold backed cryptocurrency Anyone who has studied bitcoin realizes how stupid this is... To back a cryptocurrency with gold, YOU NEED CUSTODIANS We would be right back to a fiat currency system because whoever the custodians are... Will collude with governments and you'll have your money confiscated again like in 1933 The point of bitcoin is to avoid custodians You can have a custodian hold your Bitcoin for you (eg. Exchanges or ETFs) But you have the option to hold it yourself! "But hou can take self custody of gold too" If someone has $10,000,000 of gold, would they feel safe keeping it in their house? If they need to leave their country for whatever reason, can they take that gold with them? A gold backed cryptocurrency BRINGS YOU RIGHT BACK TO CENTRALIZATION You would need trusted custodians to settle payments... The point of Bitcoin is to AVOID this Governments can capture financial institutions that hold customer funds much more easily than millions or even billions of people who have their own secret way of keeping their Bitcoin

Real estate and stocks are a scam but 99% of people aren't ready for this conversation yet #Bitcoin    will take over both of these markets over time Real estate is a way for governments to extract property taxes and for banks to earn interest Governments want home prices to go up so homeowners feel a false sense of security and pay more in property taxes over time Banks want prices to go up so they can hand out bigger loans and earn more interest Stocks are a way for Wall Street to earn profits When you can hold your own assets, you don't need the financial industry to hold them for you and governments also can't track your wealth How many people hold the deed their house or stock certificates? Probably less than 1% This means the financial industry owns our assets and it can take those assets away from us Stocks are held by custodians and they can do whatever they want with your wealth GME is the best example of this scam Hedge funds were shorting more shares than what was in existence They were intentionally trying to bring the stock to zero to maximize their profits Real estate should NOT be an investment but we've been brainwashed to believe it is We use real estate as collateral for debt The wealthiest people have hundreds or even thousands of units and they are being used as savings accounts When people buy more houses than they need, they compete with families who are trying to buy a house to live in This pushes house prices up and prevents people from having a stable living situation Bitcoin is an abstract concept and many retail investors get angry at the idea of it being widely used as a savings tool EVEN THOUGH IT WOULD DIRECTLY BENEFIT THEM

Investing in stocks and real estate makes you rich at the expense of anyone who doesn't/can't invest in stocks and real estate