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It seems as though you are asking why anyone would want to delay immediate consumption in favor of saving for the future. Think of all the major expenses we tak
by lowkey 5y ago
It seems as though you are asking why anyone would want to delay immediate consumption in favor of saving for the future. Think of all the major expenses we take on on life healthcare, higher education, housing, retirement. These all generally require saving. Can you not imagine a world where it would be beneficial to individuals to have access to a savings vehicle that offered massively superior returns vs putting money in a savings account in the bank?
In fact, unlike saving in a bank, saving in Bitcoin over the long term has proven to consistently outpace inflation. In fact Bitcoin’s return on investment over the past 12 years has 10x’d the equity market.
Some may argue that Bitcoin is risky or speculative. I would argue that none of those who dismiss Bitcoin as risky or speculative have actually done the research to go down the rabbit hole to understand the economic, game theory, technical and social innovations of the Bitcoin protocol. Anyone who has spent 10-100 hours studying Bitcoin instead of dismissing it out of hand discovers an amazingly rich world that promises to deliver sound money to the world.