Most people are NEVER going to retire
This isn't because they spend too much - (at least the ones I've spoken to don't)
It's because their savings are slowly disappearing
The value of their savings is being stolen from them and used to fund wars and stupid political movements
If you are saving in a government-issued currency, you will work until the day you die
The real estate market is designed as one of the biggest Ponzi schemes in the world and yet most people don't see it.
Some investors hold thousands of properties to store value. They promise easy profits to other real estate investors.
When these people understand how #Bitcoin works they're going to sell their RE holdings.
When they sell, the market won't be able to absorb the supply of homes at the current prices.
Over the long term, everything will trend towards 0 against Bitcoin and that includes housing.
You can make more houses. Dubai even showed us that you can make more land.
But you can't make more than 21,000,000 #BTC
Buying Bitcoin, even in small amounts, is so powerful because it will make you curious about where this can go.
Even if you only buy $50 worth of BTC every month for the rest of 2024, you'll have more than 95% of the world by January 2025.
Stop worrying so much about the complicated parts like "What's going to happen to Bitcoin in the year 3000?" - it doesn't matter because you'll be dead.
Focus on ACCUMULATING.
You DON'T need to buy 1 whole #Bitcoin for $43,000.
This is a common misunderstanding.
You can buy fractional units of Bitcoin called Satoshis (think of it like dollars and cents).
1 #BTC = 100,000,000 Satoshis.
When you go to an exchange, search for Bitcoin or BTC.
This conversion is automatic - you don't have to do anything - the exchange will do it for you.
Today, if the total 21,000,000 BTC supply was split between everyone in the world (8B people), everyone would get 0.002625 BTC or 262,500 Satoshis.
Bitcoin won't be split evenly.
Some people have thousands of BTC.
Others have none.
Today, you can buy 262,500 Satoshis for $112 USD.
As more people figure out how Bitcoin works, 0.002625 BTC will cost $250, then $500, then $1,000, etc.
You can buy as much or as little as you want at the current market price.
For example, you can buy $100/week, $10,000/month, $5/day - whatever amount you are comfortable with.
As more people understand Bitcoin, acquiring a significant amount will become much more difficult.
Most people already can't afford 1 BTC.
In 3-5 years, it will be extremely difficult to acquire 0.1 BTC (10,000,000 Satoshis are $4,300 today).
In 7-10 years, it will be extremely difficult to acquire 0.01 BTC (1,000,000 Satoshis are $430 today).
STUDY BITCOIN.
Over the last year I sold my stocks
I now keep 100% of my savings in #BTC
My wife and I still own our primary residence and she still owns some stocks (she wants to diversify)
It took me 3 years of studying #Bitcoin to realize this is the least risky way to save for the future
I believe Bitcoin will outperform everything as a savings vehicle
FOREVER
I plan to hold my BTC for at least 10 years
I am aware of the potential of 70-90% drawdowns along the way
I don't care
Most people don't consider the counter-party risk associated with holding shares of a company
Owning stocks is very risky compared to owning BTC once you understand how Bitcoin works
Risk is the chance of total loss - a company can go bankrupt, the CEO could make a terrible decision that destroys the company's reputation, etc
When you own stocks, you rely on governments to make decisions that can have a massive impact on the value of your savings
People are easily corrupted and it can be hard NOT to make decisions that are for their own benefit, especially when presented with a threat or a big bag of cash
You have no idea what's going on in the background
Bitcoin doesn't have these risks
There is no central party that controls the Bitcoin network
There is nobody to sue
Bitcoin is software that cannot be coerced
All decisions are based on market consensus
I would rather rely on neutral and incorruptible software to keep doing what it's meant to do, over CEOs and politicians who don't care about me as an individual