Repeat after me: This is what embracing a Bitcoin Standard can look like. As promised here my monthly update…👇🏼
Since the start of 2024, I’ve been living on a Bitcoin Standard, receiving my entire salary in Bitcoin while living in Germany.
Month after month, I’m tracking how this impacts my purchasing power in Euros to transparently show what it really means to go All-in on Bitcoin.
Let’s break down the numbers since I decided to share those numbers openly:
September 2024: My purchasing power increased by 9.95% compared to August, measured in Euro.
October 2024: Another strong month with a 17.2% increase in purchasing power compared to September.
Year-to-Date: Since January, my purchasing power has surged by 62.3% in Euro terms.
This isn’t just volatility - this is growth.
Volatility? Yes. Risk? Not at all. Because for me, risk is permanent loss, and everything in between is volatility, and Bitcoin has proven itself to be resilient and antifragile.
I’m here to show that Bitcoin’s ups and downs are just steps on a journey that, long-term, is headed up and to the right. FOREVER.
Each month, I’ll continue sharing these updates so you can follow my journey, compare it to your own experience, and decide for yourself.
I’m doing this to help ease your fears and guide you toward a brighter future.
The choice is always yours.
Now, I challenge you to ask yourself - can the Euro in your Bank account compete with that?
Will you take the step and embrace a Bitcoin Standard?
Repeat after me: Bitcoin is the future.
Cheers from sunny Malta, my friends ✌🏼
https://m.primal.net/LqCd.jpg
This is the way.
Any visuals on the month over month you can share, any tips on payment services you use to buy stuff on a bitcoin standard?
Tax reality in Germany when doing this?
How far can you go with this in terms of noKYC/selfcustodial?
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Thanks for sharing. Would be great if you could expand on the mechanics of how you do this. Fiat bills etc. do you think of your purchases in Sats?
Hedging for Downturns: I view Bitcoin’s volatility as part of the long-term growth story. To manage it, I keep an emergency fund, just in case I need liquidity during a downturn. This way, I’m not forced to sell Bitcoin at an inopportune time.
Purchases: For daily expenses, I convert small amounts of Bitcoin when needed, either through Bitcoin debit cards or conversion apps, which make it seamless. I keep the process flexible, adapting to the best available options.
Taxation: I work closely with a tax professional (tax strategy consultant) who understands regulations to ensure I’m fully compliant. Every jurisdiction is different, so planning is key.
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