One Way Ratchet

10 Things You Need To Know About Bitcoin #3: 21 Million Forever | 015

There will forever be more dollars chasing 21 million Bitcoin.

In Part 3 of the series, Dan and Trent talk about how to protect yourself in a world of perpetual money printing and inflation.

Episode 3: 21 Million Forever

How to protect yourself in a world of forever more money and inflation? Buy and hold hard assets. The harder the better
Hard asset = limited supply, you cannot make more of them easily or cheaply
What are some hard asset:
- Unique real estate
- Fine art ideally from dead artists
- Sports teams
Problem is these are all out of reach. You cannot put $100 a week into the Dallas Cowboys. If you could we would
So what can you do?
Here comes Bitcoin. The hardest asset in the world. That anyone can buy and hold
Only 21M will ever exist. Nobody can make more
A monetary system with a fixed supply for the digital age. That no humans can manipulate or inflate away
Bitcoin is just code. Rules, but no rulers
You can buy any amount of Bitcoin. $20, $200 or $2 billion
The North Star of Bitcoin: there will forever be more and more dollars chasing 21 million Bitcoin
Today’s song: Hard to Handle by the Grateful Dead