The Only Investment Better Than Bitcoin PlatoBlockchain Data Intelligence. Vertical Search. Ai.

The Only Investment Better Than Bitcoin

The Only Investment Better Than Bitcoin PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Some of my friends tell me:

“I can’t afford to invest in Bitcoin right now”

To which I reply:

“Can you afford not to?”

Bitcoin is this new asset class that looks too good to be true, a bubble in the making, and a Ponzi scheme altogether. But that’s only until you study it properly.

Granted, most people don’t have the time nor the inclination to devote 100 hours to read the white paper and other technical jargon about the crypto ecosystem, so they choose to ignore it. What I don’t know, can’t hurt me, right?

They carry on with their lives, go to work 9 to 5, invest in their pension plan, watch Netflix, and complain about politics with their friends in the bar.

But this is risky. Way riskier.

Being oblivious to a tsunami coming your way and pretending that nothing is happening is a recipe for disaster.

What are you going to do when you get fired, your pension plan goes to zero and your tax bill becomes unaffordable? Will you pretend that everything is fine and hide your head in the sand once again?

The dollar is inflating at a high rate. The economy is sinking. Banks are running out of reserves. Pension funds are scared shitless. In this scenario, not being able to read the situation and anticipate a bulletproof strategy for your future is a big mistake, one that can cost you everything.

Even Bloomberg came up recently stating that Bitcoin is a risk-off asset and every portfolio should have some exposure to it as a hedge.

Here are some investments that are riskier than Bitcoin.

Having cash in the bank is about the worst thing you can do right now. Real inflation is already happening and most experts estimate that, in real terms, your money will lose 15% of its value every year for the next 10 years.

But this is only for proper currencies — dollar, euro, yen, etc — the rest will fare far worse. Think of the Argentinian peso for example. It’s been inflating at a 40% rate for decades and that was during the good times. How is it going to behave now? I dare to think.

But at least, high inflation countries are used to it. They never kept cash in the bank, they either changed it to dollars, bought gold, property, or crypto.

But you, first-world citizens, who trust your government, your economy, and your central bank, are not ready for this. You’ve got accustomed to stable prices all your life and now will have a hard time adjusting.

My advice is to put your money wherever -real estate, gold, crypto- or just burn it as they do in Venezuela, at least it will keep you warm. Anything but holding it.

Safe as houses as they say. Property is a hedge against inflation. It’s certainly better than keeping cash, but don’t rush to buy the first property you see. Do your research. Is the demand in your area going to increase? Is there any disruption coming ahead? Are property taxes expected to raise?

Some people invested in Detroit before 2008 and they got badly burned. New York could be next. Make sure the area you invest in is growing and not shrinking, it’s not overpriced, and there are no foreseeable surprises on the horizon.

For example, I would consider investing in Venezuela (if that was feasible) because prices can’t go any lower, but I would pass from investing in California because prices are at ATH and people are leaving in droves.

Real estate is not such a great investment after discounting taxes, maintenance, and insurance. At most, you can make 10%. It’s also risky — natural disasters, tax increases, demographics, etc. The thing with property is that you can’t take it with you if the situation deteriorates. So it’s riskier than Bitcoin but much less profitable.

Gold is in many ways similar to bitcoin. It’s a store of value and investors like to park their money there.

It hasn’t gone up much for the last 10 years. Apparently, if you bought wood in 2009, it would have been a better investment.

But it seems to be waking up from its slumber. Some experts reckon that banks, governments, and funds will start buying the yellow metal once again as a hedge against inflation. We’ll see about that.

In any case, why would you buy a piece of paper that allegedly entitles you to ownership of a bit of a yellow rock when it is cumbersome to buy, expensive to store, and difficult to authenticate?

Wouldn’t it be easier to keep some Bitcoin in a cold wallet that can never be taken away from you, counterfeit or censored?

Bitcoin is the gold of the 21st century. Try to cross a border with gold, store it in your garage or keep it away from the government. It can’t be done. This is why it is riskier than Bitcoin. Decentralization is safer.

The economy is in shambles and stocks usually resemble this. This is not happening yet because there is an excess of liquidity in the system (due to all the money printing) but eventually it will collapse. Hot air is never good support.

Besides, making a 10% gain in the stock market is hard, even professional investors rarely manage this. In contrast, making 200% a year on crypto seems easy, at least for the foreseeable future.

To make a killing in the stock market, you need to do a lot of research and have some foresight. With Bitcoin, you don’t need any of that. Just buy and hodl.

Is it just me or are all pension funds a scam?

I’ve been robbed of my pension twice by “professional fund managers”. If I have to rely on them, I’ll starve to death.

I only keep the pension plan because it’s compulsory by law, but after losing 35% of my projected returns, I’m just paying the bare minimum.

If you trust that your pension (whether state or private) will provide during your silver years, you have another thing coming. Start making a plan B.

I don’t know if these managers are corrupt, inefficient, or inept, all I know is I don’t trust them and neither should you.

Same as the above

These are producing negative yields for the foreseeable future, meaning that on maturity you get less than the money invested. Great deal!

So, the only investment that is better than Bitcoin is:

Invest in learning, become entrepreneurial, acquire marketable skills, pitch your ideas, create several streams of income, be flexible, dynamic, and nifty.

Nothing will guarantee your future better than your ability to kill what you eat, your creativity, and your flexibility to pivot. Not even Bitcoin can beat this.

So there you go, I just gave you the recipe for success. Start your side hustle (even if you are still an employee), keep learning, take calculated risks, learn from your mistakes, fail, and try again. Take action today, not tomorrow.

If you do this for a few years, the return on your investment is guaranteed. 1000%.

Source: https://medium.com/coinmonks/the-only-investment-better-than-bitcoin-cdc81191509e?source=rss——-8—————–cryptocurrency

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