Reflecting on the Bitcoin journey so far:
About three years ago, I started to teach myself personal finance. I had never had a financial education, and I was starting to notice that it was not as easy to get by as it used to be. I also saw how tiny my pension forecast was and realised I was heading for poverty in old age. On top of that, we were starting a family and buying a house. I started investing in stocks, as all the financial educators were telling me that was the tried-and-tested way to build wealth. I also bought some Bitcoin, but at that time, I still thought it was risky so I played small.
Fast-forward and the interest rate on our mortgage was bumped up. I was further motivated to make my money work as hard as possible. But it was only after my little son was weaned and started sleeping that I really had the attention span to deep dive into Bitcoin. In August last year, I decided to start saving every month in Bitcoin. Since then, I have been gradually selling off all other investments and converting everything into Bitcoin.
The results are clear: the earliest Bitcoin I bought back in 2022 has almost 4x'ed in value. The gains I have made in fiat terms this year alone amount to a quarter of my annual income. It makes the stocks I owned, which didn't even keep pace with inflation, look pathetic.
But I haven't only gained monetary value. For the first time, I have hope for the future that things might actually work out okay. That I might be able to retire one day, without deacdes of work being eroded away. That I can give my son the life he deserves. Now that I've seen what Bitcoin can do, it doesn't matter so much what the price does in the short term; why would I ever go back to trad-fi now? I'm in it for the long haul.
