Oddbean new post about | logout
▲ ▼
Adarnit | 5 months ago (raw) | export | reply | flag +6 
 For those who say that investing in #Bitcoin is "putting all your eggs in one basket":

What they fail to realize is that fiat offers you an illusion of choice. The different options (bonds, stocks, ETFs, etc.) are all fueled by the money printer. They are essentially different funnels that in the end drop all of your eggs into one big fiat basket.

So in reality, you either have two choices: invest in the #Bitcoin basket and keep your wealth, or invest in the fiat basket and HFSP.
▲ ▼
bostonwine | 5 months ago (raw) | root | parent | reply | flag 
 Well said!
▲ ▼
Jeff Swann | 5 months ago (raw) | root | parent | reply | flag +1 
 Something also missed is the risk that brokers & other 3rd parties represent in a system where political stability is no longer a given.

Diversification of income streams makes sense.

Diversification of passports & potential places to call home makes sense.

But when it comes to saving & investing, buy & hold the best thing. Buy the one thing you can really own in a truly sovereign way. Put all your eggs in one basket & watch the fucking basket.

#Bitcoin

nostr:nevent1qqs9ctjzrhnef8lc39whqjfq9apaexdurfw3u092f76frmqe2dukydgprpmhxue69uhkummnw3ezuendwsh8w6t69e3xj730qgs0w3akkvsz24wt7ww8fv2d4x5ftp09lvs5x8q7vvq8rewgdnah52crqsqqqqqp6z9wux