One Way Ratchet

10 Things You Need To Know About Bitcoin #3: 21 Million Forever | 015


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In Part 3 of the series, Dan and Trent talk about how to protect yourself in a world of perpetual money printing and inflation. 

Episode 3: 21 Million Forever

  • How to protect yourself in a world of forever more money and inflation?  Buy and hold hard assets. The harder the better
  • Hard asset = limited supply, you cannot make more of them easily or cheaply
  • What are some hard asset:
    • Unique real estate
    • Fine art ideally from dead artists
    • Sports teams
  • Problem is these are all out of reach. You cannot put $100 a week into the Dallas Cowboys.  If you could we would
  • So what can you do?
  • Here comes Bitcoin.  The hardest asset in the world.  That anyone can buy and hold
  • Only 21M will ever exist.  Nobody can make more
  • A monetary system with a fixed supply for the digital age.  That no humans can manipulate or inflate away
  • Bitcoin is just code.  Rules, but no rulers
  • You can buy any amount of Bitcoin.  $20, $200 or $2 billion
  • The North Star of Bitcoin: there will forever be more and more dollars chasing 21 million Bitcoin
  • Today’s song: Hard to Handle by the Grateful Dead
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