The primary reason people believe in “assets” that protect their purchasing power is because they have never been able to store money in money.
#bitcoin changes this and everything else as a result.
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Education is needed to awake the masses, we’re all doing our bit 👍
Is this a quote from your (Hopefully published soon🙏🏻), new book🧐?
Said another way, what if the money itself is actually the best store of value? Yup, creates a totally different society.
I always have to remember that we are living through a one of a kind moment in human history where we have tools no other humans have ever had before.
Exactly! Once you realize this it's mindblowing how e.g. a house can get more expensive (price) as it gets older while it is obvious it's value must have gone down instead
Bitcoin as is is not money, sorry Jeff.
It lacks base layer fungibility that is either granted by law or by mathematics.
Monero is the base layer money you are looking for. It's early stages which means it is visible (again) only for early Bitcoiners.
Bitcoin with KYC and custodians is unfortunately heading in the wrong direction.
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Rational savers are forced to store value in rotting drywall and lumber, creating a premium on top of its utility value. Imagine building a real estate empire on all that physical risk. House of cards.
People storeed value in money for millennias. They used gold.
No one sets prices in Bitcoin. No one lends Bitcoin and gets Bitcoin back with interest. Bitcoin isn't use as money. It's an asset at best.
Wise words my nigga ❤️
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The etymology of the word "asset" traces back to the Old French term "assetz," meaning "enough" or "sufficient." This, in turn, originates from the Latin "ad satis," which translates to "to sufficiency." Initially, "asset" referred to a legal term for sufficient estate to satisfy debts and legacies, but it later evolved to denote any property that can be converted into cash. The term has since expanded to refer to any item of value or resource, both tangible and intangible.
I found it interesting how in your podcast with Lisa how you brought up this point and she agreed and then she said “except for the house”. You two talked thru it and you could see her brain break in a beautiful way when it really landed. She got “Boothed”! lol.
A house should not be a financial asset, it should just be a house. 🏠
We are all trying to really understand bitcoin but that fiat brain dies hard!
Do you have a link?
I was just hearing this new insight on your podcast with Lisa Tamati and thought ‘let me share that’, when I read this post 😄
I love when people say it has no other utility.
Saving in Bitcoin changes your life and everything
Normies just don’t get it
I'm not so sure Jeff. Perhaps if you're talking about investors that understand monetary inflation, yes. But most people don't think about it in terms of "purchasing power", they just think that investments make them more money.
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What's your AUM?
Well said! It’s the best money
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In German using bitcoin is called “ein privates Veräußerungsgeschäft” which translates to “a private sale transaction”. This language comes from gold and suggests they are used peer-to-peer.
Calling bitcoin an “asset” is a limiting belief supported by a story called “capital gains”. Language is so powerful.
nowadays i only store value in money
happy that i dont need to chase the better asset anymore
#bitcoin the best money
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For sure! So, you think #Bitcoin's the real deal for both cash and a safety net? 🤔💰 What’s your take on its future, fam?
This is unbearable, sorry. Let’s criticise fiat money but also make sense:
It is simply inaccurate that people have “never been able” to store “money in money”.
1. Gold used to be money. Great SoV, for millennia.
2. People also invest in land, equities. Both store value.
3. Bitcoin is down severely vs. gold. Has been for 4 years.
Nothing changes. Economic laws are what they are.
Fair point about gold being a SoV, but Bitcoin down against gold? What chart are you cherry picking from? 🍒
Not a cherry picking. You need to look at the price of it gold coins - Not the money illusion of fiat money.
Bitcoin cost 38 to 39 gold coins in 2021 when El Salvador announced legal tender.
Now it exchanges only into 30 gold coins. Too little progress with monetisation.
Lol, it appears you indeed tried to cherry pick a very specific date, but also that you're reading a chart upside down 😉
Gold has become significantly cheaper per ounce when measured in Bitcoin since June 2021 (0.052 BTC then vs 0.033 BTC now)
Try to be rational.
The goal is to find out what the REAL, the fundamental value of bitcoin may be.
Study up on tatonnement and then look again at a long term chart. Consider the fundamental news at the time of peaks. Consider past maxima which tested the top.
Expressed in a real money like gold not in useless fiat, of course.
Agreed. Bitcoin isn't just another asset.
Bitcoin is a movement towards sound money and individual sovereignty.
Scarcity is the key word in this trust in Bitcoin
Loved the bitcoin well YouTube video. 👍🏼
Hi jeff! Just saw an interview where you said you where toying with the idea of writing another book.
You hinted that it would be about how bitcoin raises consciousness and heals the world. That is a really interesting topic and would love to read about it.
Is the book happening? I also think it would be great if you shared more of your toughts on this in podcasts!
Your first book was very eye-opening for me!
Hi Jeff. This article was published today along with our project Bitcoin Repricing the World. I’d really appreciate it if you could take a look and share any feedback.
https://bitcoinawareness.substack.com/p/bitcoin-repricing-the-world
https://repricing.bitcoinawareness.work/
#whybitcoin101
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As always 💯
Well said
🔥🔥🔥
Exactly! I heard you say that in a podcast this week. Thanks Jeff. Love all your interviews 🧡🙏
🙏🧡💜
Totally! Humanity has burned centuries of brainpower inventing assets just to survive broken money. Now that it’s fixed, what happens when that energy turns to building/fixing instead of hedging. The compounding of this will dwarf AI’s productivity. Bitcoin has liberated or shall we say unleashed a creative force we haven’t seen in millennia.