What do Inflation and Abundance Have to Do with Bitcoin?

Bitcoin is the first engineered monetary system in the history of the human race, and that's the light bulb going off. We created an asset sitting on an open computer network and there's never going to be more than 21 Million of them. You can divide it into 2.1 quadrillion Satoshi. So it's pretty infinitely divisible. The human race has perfected the idea of a bearer instrument like gold, and we fixed all the defects of gold.

We now have the first world currency system. Then you've got the developing worlds’ currencies, which are all failing. For example, in El Salvador, they didn't have a currency. If they use the US dollar, they're at the mercy of two things. One, the money changers are basically stealing 10 to 20% of their money when they move it back and forth. If I charge you a 10% commission every time you send your money to a family member, how many times do you get to do that?

So that's a problem. And the second problem is if they are storing their money in the US dollar, which used to lose .5% a month and now it's losing 2% purchasing power a month because the Federal government is printing money. So how do you crawl out of that abyss? The president of El Salvador realized that what you want to do is back your currency or back your country with an asset that is appreciating in value. So Bitcoin has been appreciating 100% a year every year for a decade.

The S&P is up 12% a year for a decade. So, Bitcoin outperforms the S&P by a factor of 10. It outperforms gold, which is up by maybe 1-2% a decade. So it's outperforming gold by a factor of 50.

Here's the big idea... Bitcoin is not just an asset, it's the perfected apex property of the human race. If you have a billion dollars and you want to give it to your grandchildren, are you going to buy land in California? A building in New York? A billion-dollar stack of gold? I believe you get the idea.