Bitcoin as a Savings Technology (or How Bitcoin Helped Save My Family's Future Through Saving and Investing)
Most Americans do not have $1,000 saved to rely upon. The fiat system - through inflation - undermines its monetary value, putting pressure on savers. Bitcoin shifts the paradigm to something better.
I’ve always liked the idea of saving money. I remember telling my grandmother as a kid that when I grow up I wanted to save lots of money.
She told me that saving money was very difficult, but I didn’t believe her.
Fast forward to adulthood and I found out what she was talking about. As it turns out, saving money is not that difficult. KEEPING the money is the hard part.
Just like in the game of Life, life happens.
You can save a thousand dollars, but then a life event happens that can wipe out your savings. Making matters worse, having to fight against rampant inflations adds an extra layer to the challenge. Your dollars buying power are eroding away year after year. In order to protect your money, the only recourse is to find investments where you can get a return that will be higher than inflation, otherwise, you’re perpetually losing money.
Bitcoin solves this problem. The best quote I’ve heard recently to sum it up is this:
“Bitcoin is designed to go up forever because the dollar is designed to go down forever.” - Lawrence Lepard
The way we can fight as individuals against inflation is to allocate our savings to a technology that is designed to go up against it. Furthermore, bitcoin incentivizes saving.
When you look at making a purchase in terms of dollars, you think, “well, my dollars are worth less tomorrow than they are today, so spending them makes sense to maximize the current value.”
In contrast, when you look at making a purchase in bitcoin terms, you think, “do I really need to make this purchase? If I save this bitcoin it will be worth MORE tomorrow than it is today because of it’s deflationary nature, demand, and hard cap supply.”
We are talking about two diametrically opposed world views:
Fiat vs. Hard Money
People always navigate to the hardest money. Gold disrupted the barter economy. Standardization of coinage disrupted having to weigh gold and silver. Paper money used to represent gold disrupted the heavy coin system. Fiat disrupted paper money tied to hard assets economy. And now bitcoin is the latest (and best evolution of money).
I know that 99% of the people on the planet have not invested the time it takes to learn about bitcoin. They do not see the value proposition and do not see why they should care. In contrast, I have invested many hundreds of hours (if not thousands) into learning about bitcoin, the Bitcoin network, the network effect, and the tremendous utility and value proposition that bitcoin offers.
If you are among the 99% that have not taken the time to learn about bitcoin, you are not late. In fact, you are still EARLY.
As the saying goes, the best time to do something was yesterday. The second best time is today. This is truly a once in a hundred years opportunity. Don’t blow it.
We are talking about multi-generational wealth.
A chance for you to change the narrative for yourself, your children, your grand-children, and beyond.
Do your own research. Let me know what you find out.
Once again, I thank you for your time and attention. I hope this has been helpful. I hope to see you here again next time.
Kind regards,
Ryan
The other stuff…
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DISCLAIMER: Opinions are my own. Nothing on this site or in any post should be considered financial advise. Always do your own research and consult with certified professionals before making financial decisions.