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Rajat Soni, CFA
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We use fiat currencies because gold has failed as money
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Rajat Soni, CFA
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I prefer to hold (Bitcoin + cash) Over (Bitcoin + real estate + stocks + bonds + cash) I don't need cash flow from my assets
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Why don't we use teeth as money? I can't believe that this has to be explained... But here we are: A Financial Times reporter said that her teeth are scarce but aren't worth billions of dollars so Bitcoin is overvalued This shows you how far behind legacy media is I guarantee you that there are people who actually thought what she said was smart But it really wasn't Bitcoin is better money than teeth because Bitcoin can be moved across space and time using the internet You can send Bitcoin to anyone in the world by scanning a barcode Bitcoin doesn't have a physical form, so you can access it from anywhere in the world You can't do this with teeth If we started using our teeth as money, we would have to pull our teeth out and we wouldn't be able to use them as a way to chew our food Bitcoin is worth billions of dollars because it's the only way of sending and receiving value across the world without trusted intermediaries If you wanted to pay someone over the internet, you wouldn't be able to because teeth are not digital
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I don't buy the S&P 500 because I want to retire before I'm in my 70s
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Avoid doing what the overwhelming majority of the population believes is right when it comes to money Most people are avoiding Bitcoin... Maybe that's a sign that you should own some
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The fiat economy stops working if too many people become financially free The game is rigged against you, so you NEVER become financially free You're never taught how money works because YOU'RE MEANT TO WORK UNTIL YOU DIE
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