Most people reject #Bitcoin    because of emotions, not logic They believe certain things and they can't let go of those beliefs They get angry when those beliefs are challenged Bitcoin makes you question everything you've EVER learned about money - It's not issued by governments - It doesn't produce cash flows - It has no counterparty risk - It can't be censored - It's deflationary - It's neutral - It's digital NOTHING like this has ever existed before Instead of doing the work to wrap their head around how Bitcoin works, most people are looking for ways to reject it This is why most people won't catch on until bitcoin is $1M or more

Only buy #Bitcoin with money you don't need in the short term (eg. don't buy with your rent money). Build an emergency fund with 3-12 months of expenses so you can avoid being forced to sell if you lose your job or face an unexpected expense. You can buy small fractions of BTC over time if that's what you prefer. Ignore the people telling you to get to a 100% Bitcoin allocation - they don't know your financial situation. I think Bitcoin is the future but I still have a primary residence and a tiny bit of gold for the chance of a complete system collapse. I think a worse position to be in is selling in a panic because you can't handle the volatility. Don't put yourself in a situation where you have to sell when the market price is down 50%. Your emergency fund will let you avoid selling right in the middle of a bull market.

I wrote a free Bitcoin fundamentals eBook. It goes through how money works, how the Cantillon effect is being used to steal from you, Bitcoin's discovery, the basics of mining, and how you can benefit from Bitcoin. Get it here:

Mindful Money | Rajat Soni, CFA | Substack

I teach about money in simple terms. Subscribe and get my free Bitcoin eBook - link in welcome email! Click to read Mindful Money, by Rajat Soni, C...

How much of your portfolio is allocated to #Bitcoin makes a massive difference. You DON'T need to have 100% of your portfolio in Bitcoin to benefit!

In 2011, the S&P 500 index was equivalent in value to 417 Bitcoin Today, the S&P 500 index is equivalent to 0.076 Bitcoin Why?

Have you noticed how many people are gamblers now? Sports betting, casinos, 0 days to expiry options, futures, etc. Fiat currencies make everyone want to gamble because the wealth they accumulated is quickly decaying and will trend toward 0 FOREVER. Anyone with savings must make sure that their money multiplies quickly before it's gone forever. If you have a basic understanding of finance, you realize that you can make a bit more than inflation by risking everything on the stock market or buying houses, because both will go up forever, right? The issue is that both of these methods of savings are negative sum games that extract wealth from society and move wealth to the financial industry. You can buy a house (decrease the supply of houses available to people who want to buy a home to live in) and then you can rent it out to someone at the current market rate (which would be a lot lower if you didn't buy the house in the first place - fewer people being able to own a home means higher demand for rentals). You can buy stocks, get a dividend each year from the profits your companies make, and retire happy. The problem: When you invest in the legacy system, you are unintentionally profiting from the current wealth gap, and banks and financial institutions take a cut EVERY SINGLE YEAR. They charge you fees, interest, etc. How do companies like Walmart and McDonald's keep providing cheap goods and services without exploiting workers? They wouldn't be profitable if they had to pay a wage that employees could live on. People are figuring out that putting in the time and hard work at a job paying minimum wage isn't worth it because you're paid in a currency that can be printed at will. Over time, Walmart and McDonald's can find fewer people who are willing to earn a couple of dollars an hour. When the employees run out, we move to lower-quality products and pay $20 for a burger made of 3d printed meat. The masses are no longer interested in being exploited. More people are living in their cars because they can't afford rent. More people are learning to cook at home because going out to eat is unaffordable. You can't squeeze the middle and lower classes forever - society starts collapsing. Is it worth working at McDonald's or Walmart if you understand how the internet works and you're willing to start some kind of business? Not at all. This is where gambling comes in. Most people AREN'T willing to start a business, but they still want to get rich quickly. Participating in the housing market is a gamble. Buying stocks is a gamble. Most people are buying index funds but they don't even know what they're buying anymore. They buy houses because they think everyone wants to live in the West. They KNOW that if they keep dollars, they will have nothing a few decades from now. They don't see the risks associated with investing in legacy assets because everyone else is doing it. The pandemic and lockdowns broke the old system. Now EVERYONE wants to get rich by owning real estate and stocks because that's all we saw happening on social media. Fewer people want to work jobs and add value. At the same time, some workers have started producing value and selling it on the internet. They don't need employers to pay them minimum wage. What happens if companies like McDonald's can't make a profit anymore because they can't find workers to exploit? What happens to the housing market in the US and Canada when newer generations stop caring about owning a home because it's so out of reach? Most people don't see "investing" as a gamble because it's always worked out in the past. I think the next 20-30 years will be very different. When you put all your savings in assets controlled in some way by government regulation, you put yourself at risk of losing everything. The solution to all of this: STUDY #BITCOIN

This is one of the biggest risks you take when you buy real estate as an investment...

If you took this guy's advice and sold your #Bitcoin    and bought gold... You would have lost 70% of your purchasing power 😭😭

In 2011, 1 ounce of gold cost 591 #Bitcoin Today, 1 ounce of gold costs 0.03 Bitcoin Why?

"In a few years, a home is going to cost less than 0.01 #Bitcoin   . If you can get to 1 Bitcoin you'll be so wealthy in the coming years. Most people have no allocation at all. Buy now so you can front-run 99% of the world. Read The Bitcoin Standard by @saifedean ."

As you learn how #Bitcoin works, it becomes very difficult to NOT increase how much you own. I've NEVER met someone who wants to own less Bitcoin. That doesn't mean you need to put 100% of your savings in Bitcoin. Buy whatever stocks and real estate you want if they make you feel secure. Even a very small allocation will be VERY valuable in 10-20 years if Bitcoin goes where I think it will. I think everyone should learn about Bitcoin before buying a significant amount, but most people are so convinced that it's going to 0 that they don't want to waste time learning. If this is the case, you can easily buy a fraction of 1 BTC for a small amount of money, store your private keys properly, and never think about it again. A small purchase WON'T hurt you, but it may make you think about the potential and start learning more.

There is no cost to process a gold transaction because it's not possible. This is another reason why we're never going back to a gold standard. We will find ways to scale with #Bitcoin, without relying on custodians. With gold, you can't scale without custodians!

As soon as I stopped worrying about perfection and focused on progress, I started to see consistent growth in more aspects of my life.

On a Bitcoin standard, we will see companies releasing their best products ASAP because they know that they can get the most amount of #Bitcoin today. Bitcoin is a deflationary asset - anything priced in Bitcoin will decrease in value over time. Businesses will be incentivized to produce the best goods they can for the most money they can get immediately. Instead of delaying innovation, they will produce the best, most innovative products today, to ensure they are ahead of the competition. High quality goods will be abundant rather than being rare like they are today!

Mortgages are NOT free money Stop saying that It makes you sound uninformed You could potentially go bankrupt if you buy a rental property and your decision/timing is wrong "Free" can leave you homeless if you don't understand the risks

On a #Bitcoin    standard, we will see: 1) Cheaper housing 2) Fewer wars 3) Healthier food 4) No monopolies (b/c of competition) 5) Life gets cheaper over time 6) Happier people 7) Better relationships 8) Stronger communities What else?

The taxes you pay are supposed to go toward building roads, making schools, and improving the quality of life for citizens. Instead, a large portion of your taxes go towards governments paying interest on the money they borrowed... How is that NOT a ponzi scheme?

Bitcoin is revolutionary because it's the first form of money that can perform 3 functions: - Store of value - Medium of exchange - Unit of account Fiat (government-issued) currencies were born because gold is not portable, so it was difficult to use as a medium of exchange. Gold only works with centralized third parties. Instead of having to move gold from one place to another, paper money that represented gold gave us the ability to transact quickly and efficiently. Fiat money forces everyone to invest in real estate and stocks to store value for the future because there's no limit to the amount that can be created. Every fiat currency has failed in the past due to greed from the people issuing it. Since Bitcoin has a limited supply, we are moving to a world where all other goods (including stocks and real estate) will always decrease in value in terms of BTC. With Bitcoin, you're not required to take other risks (like counterparty risk when it comes to stocks, or the risk of natural disaster when it comes to real estate). You hold one asset that you can use to store, transfer, and account for value. 1 USD ≠ 1 USD 10 years from now because there's no limit to the supply of USD. 1 BTC = 1 BTC 1,000 years from now because the Bitcoin network will not produce any more BTC after 21,000,000 are issued.

Grayscale is coming out with a "Mini #Bitcoin ETF" Fees will be 0.15% This should stop some of the bleeding GBTC started with 619,000 Bitcoin, and now they're at almost 300,000 because of high fees They're finally doing something to cut their losses

In November 2015, 64,000 Nigerian Naira bought 1 #Bitcoin    Today, the price of 1 Bitcoin is 75,000,000 Naira Today, 65,000 USD buys one Bitcoin Can 1 Bitcoin be worth 75,000,000 USD in January 2033? I know people will say that the Naira is not comparable to the US Dollar But every fiat currency is worthless The value is based on belief and the people issuing it can create more at will Why would you trade your finite time for something that can be created with a press of a button? Nobody has a clue how many dollars will exist by 2033 We don't know how much debt the US government will be in We don't know if the Federal Reserve will still be a thing We don't know how many governments may start printing dollars to buy Bitcoin By 2033, ~98% of the supply of Bitcoin will have been mined and at that point, most of the world will have adopted Bitcoin Let's see what happens... In 2033, we will be in the 7th cycle and only 0.78125 new BTC will be produced every 10 minutes - 25% of the newly issued supply today