Anyone born after 1971 has never experienced a life where housing is seen purely as shelter. In 1971, Richard Nixon severed the link between the US dollar and gold. Since then, the US dollar has been broken as a store of value. #Realestate has replaced the dollar as a long-term store of value in many developed countries. Prices of houses have skyrocketed as more investors see them as a financial product. #Bitcoin       fixes this by absorbing demand from real estate as a long-term savings vehicle. When real estate investors understand that #BTC       is a digital asset that's a much better store of value than physical real estate, we will see a fire sale in the real estate market. Bitcoin is better than real estate for your long-term savings: - No large upfront financial cost - No maintenance & repairs - No risk of natural disaster - No need for an inspector - No dealing with tenants - No need to collect rent - No need for insurance - No realtors or lawyers - No liquidity issues - No property taxes - No interest (halal) - No location risk - No censorship With Bitcoin: - You can sell small chunks of your holdings instead of having to sell all or none - You can buy or sell any time (the market is always open) - You can buy or sell in seconds rather than months or years - Your market to buy and sell is global
You CHOOSE when to retire. Governments use retirement benefits as a way to keep you working, spending money on things you don't need, and generating taxes by dangling a carrot in front of you. Don't fall for it. Cut expenses, increase income, build an emergency fund, and save a portion of your wealth in #Bitcoin   . Ignore all the noise and take ownership of your future. Government-sponsored pensions will likely be worthless within 20 years.
"Volatility" is not "risk." #Bitcoin    is more volatile than traditional assets, but it's risk-free once you understand it. If anything takes down Bitcoin, we probably wouldn't be worried about money anymore because there would be much more important things to think about (food, water, security). Any risk that applies to Bitcoin ALSO applies to traditional assets (eg. Electric grid goes down, internet stops working, etc). I would be willing to bet that Bitcoin would be up and running before the banking system when electricity and internet are back.
People work 8-10 hours a day for 50 years They take 2 weeks of vacation per year They sacrifice time with family and friends They give up on their hobbies All to pursue a currency that can be printed out of thin air
There will only ever be 21,000,000 #BTC. Your cost of living will always trend to 0 on a #Bitcoin standard because BTC is infinitely divisible. You can divide 1 BTC into as many units as you want to, but this doesn't mean you have more Bitcoin. Each BTC can be split into 100,000,000 Satoshis (you can almost think of this as Dollars = BTC and Cents = Satoshis). 1 Satoshi = 0.00000001 BTC There are a total of 2.1 quadrillion satoshis. Satoshis can also be divided into smaller units if needed. Having a form of currency that is infinitely divisible means that you can value things in smaller and smaller denominations. It also means that ANYONE can save in Bitcoin, and the value of their savings will increase over time. They can use their savings to buy whatever they want. Compared to Bitcoin, everything is abundant. You can build more houses, grow more food, and make more cars. But once 21,000,000 BTC have been issued, no more new coins will issued. Ever. As Bitcoin's price rises, the people who own some will be incentivized to exchange their coins for whatever they've been saving for. Entrepreneurs from around the world will be incentivized to produce more goods and services to accumulate smaller and smaller fractions of BTC. But over time, their tiny fraction will be worth A LOT more because... There will only ever be 21,000,000 #BTC.
Bitcoin is more predictable than the current financial system if you zoom out. There will always be a boom for ~18 months, followed by a bust for ~12 months, and sideways movement for ~18 months. This is programmatically set to happen every ~4 years because the supply of newly issued #BTC       is cut in half every 210,000 blocks. This is how Bitcoin will be distributed. People who accumulate during the bust and sideways movement part of the cycle end up having significantly more purchasing power after the boom. Some of those people start businesses. Some of those businesses are frauds. Retail investors will always join in on the fun near the end of the boom and start speculating on random altcoins. When one of these fraudulent businesses is revealed, it creates a chain reaction and impacts everyone the business works with. In 2022, we saw a company called Terra fall apart. Terra issued a stablecoin: UST. Stablecoins are a way to tokenize government-issued currencies. They are supposed to maintain their value against the currency they are pegged to (eg. UST is pegged to USD). UST was supposed to maintain a 1:1 value in terms of USD. I don't understand the mechanics of how it happened, but UST depegged from the US Dollar and was never went back to being worth 1 USD. Any company or individual that held a significant amount of reserves in UST ended up having to claim bankruptcy. FTX came in to rescue these companies. It was acting like the Central Bank of Crypto. The problem is FTX was trying to stop the collapse by using its customers' money. In crypto/Bitcoin, there's no printing. You can't create more Bitcoin out of thin air. As soon as FTX collapsed, anyone doing business with FTX also collapsed. We saw a significant amount of BTC dumped on the market by insolvent companies. This cycle will repeat over and over. If there was no bust after the boom, FTX would continue to survive to this day. It would continue trying to create a fractional reserve banking system using crypto. Most people would NEVER have had a reason to self-custody their Bitcoin. Every 4 years we will have a boom. Every 4 years we will have a bust. Every 4 years BTC will move sideways. If you don't do your due diligence and you work with fraudulent businesses not related to Bitcoin, you will end up losing everything. Today, there are 25,000 cryptocurrencies. 99.99% of them have no value whatsoever. They're just trying to improve Bitcoin. Bitcoin cannot be improved with another blockchain. Any improvements will be done on the Bitcoin blockchain. Altcoins are experiments. #Bitcoin       is the only form of neutral #money we will ever have. It will be used on a brand-new economic system that will always have boom and bust cycles. Learning to deal with volatility is the only way to build wealth with Bitcoin.
Commodities turn into money in stages. Stage 1: The commodity is used store of value. Stage 2: It becomes a widely accepted medium of exchange. Stage 3: The commodity is used to assign value to goods and services. We proceed from stage 1 to stage 2 when enough people are using a commodity as a store of value. We move from stage 2 to stage 3 when the commodity is widely used as a medium of exchange. #Bitcoin       is somewhere between stage 1 and stage 2. As more people see how well it portrays the characteristics of a store of value (durable, scarce), they start accumulating it to save for the future. Eventually, the people who want to hold it as a store of value also want to start accepting it in exchange for goods and services. They create and sell some form of value, whether it's their time or an actual good. At this point, the people who have held their Bitcoin for a while are willing to part with their coins which have significantly appreciated in terms of purchasing power. To be a medium of exchange, money has to be portable and divisible. This is where Bitcoin is today! More companies are saying they want to accept #BTC       in exchange for their product offerings. When enough merchants accept Bitcoin for their goods and services, customers may start asking for prices in terms of Bitcoin. In this case, fungibility and salability play a role. We are still very early when it comes to #Bitcoin      , but most average people think we should be a lot further along. How is that possible when 99% of the world doesn't get how money works? It takes longer than a few years for a form of money to be widely accepted. Today, the only thing holding Bitcoin back is the willingness of people to learn about it. It took gold 2,000 years to move from being a store of value to a medium of exchange. Bitcoin's adoption has been much faster due to the internet. It's only taken 15 years for Bitcoin to almost reach the same stage as gold in its progression. We're a while away from Bitcoin being used as a unit of account, but progress happens slowly and then suddenly. Every 4 years more people see Bitcoin as something that will never go away. With the speed at which we are progressing, Bitcoin could be a world reserve asset within 20 years!
In 10 years, anyone with no #Bitcoin       will claim "Bitcoiners were so lucky." But they weren't. Anyone that owns Bitcoin did something others weren't willing to do: 1) They put in the time and effort to study something that the majority of people see as a "Ponzi scheme" 2) They bought as much as they could 3) Then they held on to it for more than a decade That's not luck. That's conviction.