You’re Thinking About Bitcoin Completely WRONG
The longer that you’re in the Bitcoin market; the easier it becomes to notice the mistakes that investors are constantly repeating. One of these mistakes that quickly becomes glaring is that people don’t understand what Bitcoin is, and what our mindset should be.
The hard truth is that nearly everyone who has invested in Bitcoin and crypto falls into this group. We all heard the stories about people who were early in this market and quickly became rich greater.
We were all fed the dream and told that Bitcoin would make us rich. That we were all going to make it. (WAGMI) Even the most bullish Bitcoiners were declaring that BTC would eventually cause one of the largest transfers of wealth that the world has ever seen. All of these things could very well become true, and as time goes on with Bitcoin seemingly becomes stronger. They have a better chance of happening.
But that isn’t the real power of Bitcoin.
The problem is that most people don’t become excited about a better way to save money. People today have a shorter attention span than previous generations and are more excited about finding a way to hit the lottery and get rich quickly.
This has always seemed like such an obtuse behavior in my opinion. People work so hard and spend the majority of their lives at their jobs. Hoping to be able to provide for their family and finally get ahead financially. Why wouldn’t they put just as much effort into finding the best way to preserve their wealth?
Since the world turned toward fiat money, people who simply save never get ahead. Over the years their wealth is inflated away and years of our hard work is stolen from us. For example, since 2020 the US dollar has lost more than 25% of its value. Other currencies around the world have been even worse. The truth is that if you’ve only been saving cash for the last few years, you have become poorer.
To have a chance at being able to retire we have all been forced to become investors. However, that wasn’t always the case. Generations ago, there was a time when the purchasing power of money didn’t degrade so quickly, and interest rates in banks were extremely high, and expenses were low. People could afford to live on one income and provide for a family. All you needed to do was go to work, work hard, and save as much money as you could. Then you would be set.
Bitcoin fixes this.
It is a return to how things used to be, but even better.
While the dollar’s value continues to be inflated away with unlimited printing and debt. Bitcoin is completely the opposite. Who know exactly how many Bitcoin there will be next year, and the year after continuing until Bitcoin has reached its max supply of 21 million coins. While the dollar is losing money, Bitcoin is becoming stronger.
What this means is that theoretically, people wouldn’t need to become investors to have a chance to get ahead in life. All you need to do is work hard, budget well, and save your extra cash in Bitcoin. By continuing to do this while Bitcoin’s price continues to increase you will be surprised how quickly your savings can grow.
Twenty years from now we will all be wishing that we had bought more Bitcoin.
