This rings very true for me
As an investor: perhaps “diworsification” is the case now that Bitcoin is an option (I believe this)
As an individual: it’s very clear that when you go all-in on something the roi is far higher from a intellectual capital perspective, than when spread more thinly across multiple pursuits
It's been far higher from a capital capital perspective for me. Intellect aside.
I think diversification before Bitcoin was mostly a myth too. Everything you could be in basically had the same weak fiat foundation. Real estate is a traditional example, but look how that played out in 2008. Diversifying into one giant interconnected pile of shit seems like an illusion to me. Gold maybe if you just wanted something to sit in, but it is so cumbersome to deal with that most people end up in some form of paper anyway. Even when I held my gold at a vault, it sort of only existed on paper.
Post Bitcoin, it all gets eaten anyway. And I can custody it myself to the extent I choose.
Diversifying away from Bitcoin makes even less sense if you believe I'm right about what I said here (I may not be).
