The Vance Crowe Podcast

#286 | David Oransky; Financial Planner who says make 1% of your assets Bitcoin | CPA & CFP

Nov 8, 2022
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ANECDOTE

David's Bitcoin Portfolio Advice

  • David Aransky sent all of his clients a letter advising them to allocate at least 1% of their portfolio to Bitcoin.
  • This was a remarkable move for a usually conservative financial planner and reflects his unique stance.
INSIGHT

Bitcoin Creates Digital Scarcity

  • Bitcoin's capped supply at 21 million creates digital scarcity, a unique form compared to traditional digital goods.
  • Money is just information, and Bitcoin offers a fixed, non-manipulable money supply unlike fiat currencies.
INSIGHT

Value of Stable Money Supply

  • Changes to money supply introduce noise, causing economic distortions.
  • Gold was the historical standard for hard money due to its scarce, stable supply and difficulty to produce more.
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