Ignoring Bitcoin is Risky & Irresponsible

Bitcoin is not just an investment. It can change the world.

I can’t shut up about Bitcoin because I see so many things broken in the world—poverty, wars, extreme wealth inequality, government corruption, bank fraud, loan sharks, and violence. You might be surprised to hear me say that the answer to all this pain is Bitcoin. Just as contaminated water makes you sick, contaminated money makes the economy sick.

Most people ignore Bitcoin based on what they hear in the media. But the media doesn’t understand economics. They spread misinformation about Bitcoin, claiming it consumes too much electricity, isn’t used for payments, has no intrinsic value, or will be banned by governments. This is called FUD: Fear, Uncertainty, and Doubt. But if you ignored the FUD and invested just $500 in Bitcoin back in 2016, it would now be worth 200 times that amount - almost $100,000.

Many people think Bitcoin is a scam or that it’s only used for illegal activities, like buying drugs online. But it’s like a knife: it can be used to cut fruit or harm someone. The tool itself isn’t good or bad - it depends on how it’s used. Bitcoin is money that cannot be controlled by any single entity. Instead, it’s governed by rules agreed upon by all participants in the network.

I’m not asking you to buy or invest in Bitcoin. What I ask is that you study it deeply. Understand concepts like difficulty adjustment, mining, cryptography, blockchain, and the technology behind it. Then study economics and learn how money is created by governments through debt. Did you know that if every individual, corporation, and government paid back all their debt, the money supply (cash, bank deposits, and bonds) would shrink to almost zero? The money we use is inflated and exists because someone is in debt. You need to understand this before you can truly grasp what Bitcoin is.

Our current monetary system is like a game of musical chairs. When the music stops, some people find themselves without a chair. This is what happens during a recession. People default on their debt, shrinking the debt bubble, which causes the economy to collapse. To prevent this, governments go further into debt (via stimulus packages) and inject liquidity into the economy. However, this newly created money is distributed unequally (study the Cantillon Effect). This increases wealth inequality. If you’ve seen Instagram reels about cities like Los Angeles, New York, and London - supposedly among the most developed in the world - you’ll notice they also have high crime rates, like break-ins and theft. This happens because the poor grow poorer while the rich grow richer under the current fiat money system.

Bitcoin is the antidote to many of the world’s problems. In the Bitcoin community, you’ll often hear the phrase “Bitcoin fixes this.” It might seem like Bitcoin enthusiasts are delusional, but it’s actually true. If the world returned to sound money like Bitcoin, we’d have a free market for money and capital. One reason the rich get richer today is their access to low-interest debt, which they use to invest in hard assets that outpace inflation (which, ironically, is created by debt). Those who hold assets (a small percentage of the population) protect themselves, while the bottom 90%—those living paycheck to paycheck - find the cost of living rising around them. This creates an invisible transfer of wealth from the poor to the rich.

That said, until the world operates on a Bitcoin standard - where Bitcoin is the primary currency people earn, save, and spend - early Bitcoin adopters will benefit from the same dynamics that favor other asset holders (e.g., in equities, real estate, or gold). But unlike real estate, Bitcoin isn’t just an asset; it’s also a transacting currency. I believe hyperbitcoinization—a rapid shift to a Bitcoin standard—will occur between 2030 and 2045, just 20 years from now.

During a recent trip to Vietnam, I exchanged $100 for 2.5 million Vietnamese Dong. Shopkeepers and hotel staff gladly accepted US dollars because they wanted to hold a stronger currency. Vietnam’s currency is so devalued that $100 translates to millions of Dong. Bitcoin is to the US dollar what the dollar is to the Dong: a stronger currency. Bitcoin’s supply cannot be increased, making it more stable over time. People will eventually accept Bitcoin for payments, just as they accept US dollars in Vietnam, because it preserves their hard work and energy better than weaker currencies.

This article alone probably won’t convince you to take Bitcoin seriously. But I encourage you to study it further.

The biggest fear about Bitcoin was that governments would ban it. However, the US has become increasingly friendly towards Bitcoin, influencing many other countries to follow suit. We might even see the establishment of a US Bitcoin Strategic Reserve, where the US government holds Bitcoin in its treasury alongside gold. Bitcoin would need to grow 9x from its current level to match the market cap of gold, and there’s no reason why this couldn’t happen within the next 20 years.

A lot of well known influencers like NAS Daily have started taking Bitcoin seriously. It’s a mind virus that’s spreading fast:

And if you want to read more about it, I recommend starting with:

The Bitcoin Standard: The Decentralized Alternative to Central Banking

I have made a 30-day email course on Bitcoin as well:

Again, please note that this is not financial advice. This is not a recommendation to buy Bitcoin. This is not an endorsement for any exchange in India (most of them are scams). This is a wake up call for you to study how to store your money, not just earn it. This is a wake up call to understand what money is and how it is created.

If you spend 100 hours learning about Bitcoin and still decide not to buy it or invest in it, it’s completely fine. But study it before you ignore it.

All the best.