Bitcoin is financial gravity.
Stack Hodler
I have a friend who finally bought BTC at ~$90K the other day.
A few days later I got a text:
"BTC is over 100k do you sell some or hold on?"
Me: "Pretty much everything else is down 99% vs. Bitcoin over the past 10 years. Stick with the superior asset!"
Them: "Let's hope it keeps trending the same"
It made me realize how few people understand what they buy when they buy BTC.
Imagine buying a car and being like "well, let's hope it continues being a better mode of transport than walking!"
Or "let's hope gravity keeps pinning me to the earth!"
Yes BTC went through an early adoption period with ridiculous returns.
But the fact that it's the only credibly finite, neutral, reserve asset that can't be seized or debased means it's going to continue to vastly outperform the assets that can be seized and created out of thin air.
It's really not complicated.
At a certain point you just have to embrace that it's designed to outperform and accept that gift into your life.
I followed up with this text:
"You want to own the only finite asset in existence that is still in early stage of adoption by large institutions. Just today the rules changed to allow banks to buy, sell, and hold BTC. Soon you won't be buying with Coinbase. You'll be buying through your bank."
She's still hodling.
A few days later I got a text:
"BTC is over 100k do you sell some or hold on?"
Me: "Pretty much everything else is down 99% vs. Bitcoin over the past 10 years. Stick with the superior asset!"
Them: "Let's hope it keeps trending the same"
It made me realize how few people understand what they buy when they buy BTC.
Imagine buying a car and being like "well, let's hope it continues being a better mode of transport than walking!"
Or "let's hope gravity keeps pinning me to the earth!"
Yes BTC went through an early adoption period with ridiculous returns.
But the fact that it's the only credibly finite, neutral, reserve asset that can't be seized or debased means it's going to continue to vastly outperform the assets that can be seized and created out of thin air.
It's really not complicated.
At a certain point you just have to embrace that it's designed to outperform and accept that gift into your life.
I followed up with this text:
"You want to own the only finite asset in existence that is still in early stage of adoption by large institutions. Just today the rules changed to allow banks to buy, sell, and hold BTC. Soon you won't be buying with Coinbase. You'll be buying through your bank."
She's still hodling.
