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Rajat Soni, CFA
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Not everybody needs to understand
Bitcoin
for the price to go to millions of dollars per BTC
#BTC
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Rajat Soni, CFA
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Real estate investing is one of the worst things that's happened to society It drove us to the path that we are on today, with some people being able to afford hundreds of houses while others can't even buy one Bitcoin fixes this by making real estate a very expensive liability
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A 1% allocation to Bitcoin today will be a 60% allocation to Bitcoin in 20 years GET OFF ZERO Accumulate at least a small amount of Bitcoin for your family, or you will regret ot forever
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I want to buy a new car, but I've been delaying the purchase because I know in terms of Bitcoin car prices trend to 0 A car that costs $35,000 today (~0.32 BTC) is going to cost $40,000+ in a few years But for anyone saving in BTC, the price of the car will fall to 0.3 BTC, then 0.25 BTC, and so on When you save in fiat currencies, you are punished with higher prices if you delay purchases When you save in Bitcoin, delaying purchases leads to lower prices Obviously, you can't delay purchases forever I'll just wait until I find a great deal on a car I like
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If you keep trying to time the market, you will never buy Bitcoin When the price is going up, you'll feel like you missed out When the price is going down, you'll feel like it's going to 0 Just buy you what you can, continue buying over time, and live your life Time in the market > timing the market Buy whatever you can and expect to be wrong for 4 years After 4 years, I think you'll be pretty happy
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Bitcoin works very well as base layer money with final settlement We don't need it to do anything else
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