Stay focused and read this as many times as necessary. View quoted note →

People really need to understand the difference.

First things first!

There is no way to save in fiat so people confuse the two

Bitcoin is saving technology. View quoted note →

Few understand

Why is this so difficult for some to understand!

What’s the difference specifically?

But then it isn't savings anymore is it? It's an investment now.

savings = risk off (1 BTC = 1 BTC) investing = risk on (1 BTC = ???)

Depends. In a leveraged investing strategy, your savings used as collateral remain your savings, but you put them at risk.

In my view, as soon as you use Bitcoin as collateral, it’s no longer the “most saleable good”, ie money, as it carries counter-party and liquidation risk, so it’s moved from savings into a quasi-investment

I see saving and investing as entirely different asset classes When you take a sound money lens, Bitcoin eg, when in self-custody, is just money, and therefore is a savings technology Gold, when self-custodied, would be the same thing As soon as you spend that money, ie buy an equity, a bond, a real estate asset, you’re shifting from a savings tool to an investment One of the major moments for me of the last 5 years was understanding that money, ie saving, was even an option, as the tradfi setup on inflationary money implies a passive index tracker is savings eg, but actually it’s an investment Ultimately, it’s about differing forms of risk that your capital is under

Few

A wise man once said "one should humbly stay stacking sats". Or something along those lines..I can not remember who said it though. 🤔

Bingo….

Remember View quoted note →