Bitcoin for Millennials Why BITCOIN Is Your Ultimate Retirement Asset | Tom Karadza | BFM110
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Dec 23, 2024 Tom Karadza, a real estate entrepreneur and passionate Bitcoin advocate, shares his insights on how Bitcoin can reshape housing affordability and financial systems. He discusses the declining purchasing power of money and the pressing need for financial security in a changing economy. Karadza emphasizes Bitcoin's role in retirement planning, advocating for self-custody and innovative financial strategies. He also contrasts the traditional financial system with Bitcoin's advantages, making a compelling case for its potential to offer true financial independence for younger generations.
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Bitcoin's Simplicity vs. Complexity
- People struggle to understand Bitcoin because they've forgotten what money is.
- We live in a fiat world where money's meaning has become distorted.
What is Money?
- Even those with economics degrees, like Leon Wankum, haven't truly learned about money.
- Bram shares a story about examining a dollar bill and realizing its value is based on debt.
The Value Exchange
- We exchange our finite time and labor for something infinitely created and constantly losing value.
- Real estate's perceived value is a symptom of currency devaluation, not inherent worth.
