A large majority of people who’ve begun investing in Bitcoin have all had the same goal. With the aim of hopefully making enough money to change their lives financially. It is this goal that often causes the stampede rush toward Bitcoin that ignites the bull run. However, many of these people would be shocked to learn that they have been thinking about Bitcoin completely wrong.
The harsh reality is that somewhere along the way in Bitcoin and crypto’s lifespan, the entire plot has been lost. What started out as a project to create better money that gave complete control and freedom back to the people. A technology that allowed people to no longer need to rely on third-party services to hold their money, and also allow them to transact with it. It somehow transformed into an industry where everyone only cared about the price, and the number going up. They read the stories of how people became exorbitantly rich in a short amount of time in this industry. This is what attracted people to this market during the last hand full of years.
We only have ourselves to blame. Some of us who have been in the market for quite some time also went along with this recent trend. After all, we also wanted to see the value of our portfolios increase. We had dreams of buying new houses and being able to retire early stuck in our brains. We also began to forget why we first became interested in this market.
However, once you have fully gone down the Bitcoin rabbit hole, it is similar to becoming enlightened or mastering a course, and your way of thinking about Bitcoin changes forever.
While you will always be happy to see the price of Bitcoin increase. That is simply human nature. The truth is that you begin to think of Bitcoin as a better way to save.
You’re financial literacy and understanding of macro factors will have increased to a level where you can see what is really happening in the world around you. We have always been taught that you should save as much cash as you can and put it in the bank to earn interest. But, that is a strategy that will never get you ahead. In fact, this strategy will put you further behind.
Even with some banks offering higher interest rates than they have in several years, it isn’t enough to outpace inflation. On a yearly basis, the value of your spending power is shrinking. Just a decade or two ago, if you had one million dollars you would have been considered wealthy. It would have been enough money to retire. However, that is no longer the case. Ten years later it will become even worse.
The people with the most conviction in Bitcoin understand that it is the best way to save their money. While there will be some bad years when the value of BTC decreases. Overall, Bitcoin has performed incredibly well outpacing inflation.
It isn’t about becoming rich or making a lot of money. It’s simply about protecting your wealth. By saving your money in dollars, traditionally it will have lost nearly half of its spending power after ten years. On the other hand, Bitcoin’s spending power will likely only continue to rise.
It is the financial asset that rewards you for working hard and saving as much as you can. There was a time when people didn’t need to become investors to have any chance at retiring. Back in those days, banks were offering interest rates above 10%. However, due to inflation and low interest rates people have been forced to become investors in today’s world. Bitcoin changes this. It protects your wealth from being inflated away and can give you peace of mind.
How about you? Do you save in Bitcoin?
Read My Articles first on
As always, thank you for reading!
