I have been thinking about wealth, more specifically, generational wealth. I believe that it is not only important for our children and grandchildren but important for the society that they will live in. The way wealth is stored is changing and we are all witnessing it with #bitcoin. Before that, our parents and grandparents were storing wealth in other ways (bullion, jewelry, bonds, savings etc.) I wonder if modern day financial planners out there are aware of #bitcoin and its ability of storing wealth and passing that on to beneficiaries? #nostr #grownostr #asknostr
Discussion
Some of them are. But it’s early.
It’s also interesting that previous generations’ way of storing wealth used to work better, but as the fiat currency/economy continues its inevitably hockey-stick trajectory of inflation, traditional means of storing wealth become less effective.
How can you measure the value of stocks or real estate when the currency continuously devalues? What about the safe bond investments of our grandparents, now that the interest earned on them doesn’t beat inflation of the money supply?
Perhaps something completely outside the fiat system - a globally accessible money with an immutable supply - can prove to be a stable store of value not just in its early years of high-velocity adoption, growth, and monetization, but for decades to come, across generations and civilizations, satisfying the most basic of survival necessities and allowing higher levels of innovation and general human flourishing.
#ThisIsWhyIBitcoin