Reminder: saving and investing are NOT the same
Discussion
Stay focused and read this as many times as necessary.
People really need to understand the difference.
First things first!
Bitcoin is saving technology.
What’s the difference specifically?
savings = risk off (1 BTC = 1 BTC)
investing = risk on (1 BTC = ???)
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
A wise man once said "one should humbly stay stacking sats". Or something along those lines..I can not remember who said it though. 🤔
