Bitcoin for Millennials STOP Saving Into Melting Assets — Start Saving in Bitcoin | Rajat Soni | BFM142
Apr 10, 2025
Rajat Soni, CFA and personal finance educator with over a decade of experience, dives into the limitations of traditional wealth-building methods. He highlights the flaws of fiat money, including its devaluation risk, and champions Bitcoin as a robust alternative. Rajat discusses Bitcoin's unique traits, such as self-custody benefits and reduced counterparty risks. He emphasizes the importance of personal responsibility in wealth management and encourages education on the long-term advantages of investing in Bitcoin.
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Classic Wealth Building Steps
- Save by spending less than you earn and avoid debt if possible.
- Invest your savings in assets that appreciate over time rather than holding cash that loses value.
Saving Is Broken in Fiat System
- Saving is ineffective if your money loses value due to constant debasement.
- The fiat system's devaluation forces people to seek complex solutions to preserve wealth.
Legacy System Extracts Wealth
- The legacy financial system is designed to extract as much wealth from people as possible via fees and inflation.
- Even low-fee index funds generate enormous profits, illustrating systemic wealth transfer.
