
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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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.
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.
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.
