“Where does your conviction stem from?"
It's a question I get a lot; and it’s kind of a complicated answer.
To the vast majority, we've always had a "few screws loose", but now Blackrock and co. are entering the space.
And, well... These days I wonder where our conviction will lead us, and if it's even a good thing.
A few years back I moved to a different city.
Moving is tiresome; and finding a new group of friends, a cool cafe spot and a barber you trust is harder than it sounds.
Thankfully finding that new barber was not only a blessing in disguise, he was a friend I really needed at the time.
I was working a mundane job back then - but the idea of financial freedom had recently sparked my interest. I had just gotten into investing. You know, Robinhood, Dogecoin; Real serious stuff.
Every two weeks, my barber and I would talk about dreams, money and where the world was heading.
He was like the older brother I never had and with every passing appointment, my perception of the world grew larger.
One day he said something that really stuck with me.
"Our world is shifting entirely digital," he said.
"Everyone, including the 500s know it. They just don't want to admit it yet."
Want to read a book? There's an app for that.
Want to meditate? There's an app for that.
Social life? Social media.
Cash? Digital banks.
Dating? Tinder.
Love? Porn.
Why go outside when you have everything you need?
Why improve when you can be whoever you want online?
Our world is lonelier than ever, and the wealthiest people in it are using all of their time and resources to move away from it...
Combine this with the fact that currency dictates virtually everything in our lives.
Suddenly, crypto doesn’t sound so crazy after all.
The best thing about Bitcoin is that it has no centralized owner.
Humans have proven time and time again that they can't be trusted on a long enough time frame when it comes to money.
So that’s why code is the new law. Code doesn’t lie. It doesn’t have emotions.
That's a tough thing to process - and a hard pill to swallow.
There is no alternative.
The US has lost its peg as the world reserve currency and they couldn't, and will never stop bitcoin, even with CBDCs.
People in third world countries can receive payment; no problem.
No credit score needed. And the rest of the world has caught on.
Crypto goes up because these outcomes were always inevitable… And crypto goes up, unfortunately, because crypto is a cheap vacation to Las Vegas.
As long as we live, greed will never die.
So, even when Bitcoin "dies", you can always count on greed to bring it back.
Banks, and corporations intend to flood into our space.
They'll do so with size. And they'll mow over years of innovation. The last crash was based in cope, and was completely orchestrated. They don't have as much control as they'd like. So they need scare you out of the party they were late to.
This sad reality is the part I'm not excited for.
But the truth is we all have a say in the future.
The halving is around the corner, and the whole world is watching this time. I say it's time to double down on your conviction.
Listen to your gut. It's usually right. -Lite.
another banger. hope we can grab coffee next time we cross paths in person.