Jun 29, 2021

You Don't Buy Gold To Get Rich

You don't buy gold to get rich. You buy gold to stay rich. Most people who are buying Bitcoin are doing so to get rich. The problem with putting too much money into something that has the potential to make you rich is that it also has an even greater potential to make you poor.

Bitcoin: Supply & Demand Dynamics

The price of Bitcoin is set by supply and demand. The problem for Bitcoin HODLers is that the future supply of people who own Bitcoin and need to sell will exceed the demand from people who don't own Bitcoin and want to buy. All Bitcoin owners need to sell. No one needs to buy.

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