this post was submitted on 27 Dec 2024
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Bitcoin - The Currency of the Internet

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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars,...

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The original post: /r/bitcoin by /u/True-Whereas6812 on 2024-12-26 17:22:13.

So, I commented in another post on r/bitcoin that my wages in fiat are stagnant (up only 55% in 15 years), whereas net worth (which includes Bitcoin, stocks, bonds and real estate) measured in fiat is expanding by multiples (up by 25x in the same time).

This was meant to say that assets are appreciating rapidly, whereas employers are keeping wages stagnant or even decreasing in inflation adjusted terms.

Be an asset holder - Bitcoin is one of the best assets out there. But also buy and HODL other assets like stocks, bonds, and real estate.

Now, coming to the 9-5. Even though wages from my 9-5 are stagnant, the 9-5 is still important. Don’t give up on your 9-5.

The 9-5 is your path to stacking more bitcoin and other assets, esp. real estate. Banks love you when you have a steady 9-5 work history. They are willing to offer you good and cheap credit to buy your home, which is a great way to build wealth over time using leverage. Your employer offers you tax deferred 401k, often with matching funds, which helps build your stock and bond wealth over time.

And once you have a few millions worth of real estate, stocks and bonds, it becomes easier (less risky) to stack bitcoin aggressively as well - think of Bitcoin as the turbocharged icing on your asset cake.

So, think of the 9-5 as your path to more Bitcoin, rather than thinking of Bitcoin as your path out of the 9-5.

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