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The Future of Bitcoin w/ Michael Saylor (2024) | EP #92
Moonshots with Peter Diamandis
Wealthy People's Store of Value vs Middle Class Store of Value
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Wealthy individuals store their value in tangible assets like buildings, sports teams, artwork, and other high-value properties. On the other hand, the middle class primarily invests in diversified portfolios such as the Vanguard 500 or S&P index. Bitcoin, when viewed as digital property instead of a currency, addresses common criticisms, as it serves as a store of value similar to how wealthy individuals have used tangible assets for centuries. By understanding Bitcoin as digital property, the objections related to its use as a currency fade away, making it a more acceptable investment option.
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