Store of Bitcoin - Bitcoin as Store of Value Ep. 15 - Joe Burnett | Why education is key to understand Bitcoin.
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Jun 29, 2024 
Joe Burnett, a Bitcoin analyst at Unchained.com and author of 'Your Wealth is Melting', dives into the necessity of understanding Bitcoin in today's economy. He discusses how the current financial system is engineered to devalue currency while Bitcoin stands resilient as a true store of value. Burnett also shares insights on Bitcoin's scarcity, contrasts it with other assets' volatility, and explores generational adoption. His views on the importance of education and adopting superior monetary technology are particularly compelling.
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Use Bitcoin As The Unit Of Account
- Bitcoin should be used as money and a unit of account, not a lottery ticket speculation.
- Measuring all assets in Bitcoin reveals that traditional assets have lost wealth versus Bitcoin.
Scarcity Versus Production Pressure
- Real assets like houses and goods can be produced more and thus are subject to debasement over time.
- Bitcoin is uniquely programmatically scarce and thus immune to the same debasement dynamics.
Volatility Reflects Rapid Monetization
- Bitcoin is volatile in the short term because it's monetizing rapidly and growing fast.
- Over long horizons Bitcoin may be one of the safest assets due to known monetary properties and lack of counterparty risk.
