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Someone else having a lot of capital doesn’t prevent me in any way from acquiring or creating wealth. That somebody has more money than me doesn’t concern me.
by alexmingoia 6y ago
Someone else having a lot of capital doesn’t prevent me in any way from acquiring or creating wealth. That somebody has more money than me doesn’t concern me.
You’re right, gold and stocks can also preserve capital against the constant depreciation of fiat currencies. I prefer bitcoin to gold because I can more easily hold my own bitcoin and transfer it globally. I don’t own stocks because I don’t care to tie my savings to the performance of various businesses.