Bitcoin for Millennials 001 - British HODL - Bitcoin for Millennials
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Sep 4, 2023 British HODL, a Bitcoin commentator and content creator with a rich background in entrepreneurship, shares his insights on Bitcoin's relevance in today's financial landscape. They discuss millennials’ financial challenges and the emotional weight of intergenerational disparities. The conversation dives into personal finance basics, societal pressures, and the transformative role of Bitcoin in personal growth. British HODL highlights the differing generational views on cryptocurrency and probes the intricate link between wealth and happiness, encouraging deep reflection.
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Understanding True Wealth vs Prices
- True wealth is the percentage of the overall money supply you control, not just the nominal price of assets.
- Inflation steals wealth when your share of the money supply doesn't keep up with increased currency printing.
Capital Flows to Hardest Assets
- People naturally allocate capital to the hardest asset, defined by how long it takes to reproduce supply.
- Real estate, stocks, gold, silver follow this hierarchy based on their scarcity and ease of supply replacement.
A 2020 Park Walk Epiphany
- British Hodl ignored Bitcoin initially because his peers dismissed it as a scam.
- A 2020 lockdown park walk listening to The Bitcoin Standard book changed his mind, leading him to buy Bitcoin that same day.
