One Way Ratchet

10 Things You Need To Know About Bitcoin #4: Digital Gold | 016

The 2-word elevator pitch for Bitcoin: digital gold.

Dan and Trent break down a very effective mental model for thinking about Bitcoin.

Episode #4: Digital Gold

Bitcoin can be tough to explain
“Digital Gold” is a very effective mental model. Elevator pitch for Bitcoin
Why did gold emerge as the dominant monetary asset everywhere in the world
Hard money humans cannot corrupt. Plus it is very durable and also divisible
Gold worked as a store of value in the analog world, but we now live in digital age
Demographics: world becoming more and more digital every day
Now 8 billion people everywhere in the world can own digital gold
The countries with the fastest growth rates need it the most
If all Bitcoin does is become digital gold, it is a 20x return
But Bitcoin is actually 100 times better than gold, so it is not stopping there. Bitcoin will absorb value from every asset class in the world
Today’s song: Golden Years by David Bowie