MustHaveMoreSats on Nostr: “People who use fiat currency as a store of value? We call them poor.” - Michael ...
“People who use fiat currency as a store of value? We call them poor.” - Michael Saylor
If you #save in fiat, you can expect to be #poor for the rest of your life. #Wealthy people know this. That's why they own mostly stocks and commodities. One thousand dollars 100 years ago had the purchasing power of $37,000. Your great-grandma's life savings will barely pay your rent today. #Ridiculous. These are not my opinions; these are cold, hard facts. People are incentivized not to save because the value of the US dollar has decreased by 97 percent since 1971! But there is another way to protect your purchasing power over the long term: #Bitcoin.
If you #save in fiat, you can expect to be #poor for the rest of your life. #Wealthy people know this. That's why they own mostly stocks and commodities. One thousand dollars 100 years ago had the purchasing power of $37,000. Your great-grandma's life savings will barely pay your rent today. #Ridiculous. These are not my opinions; these are cold, hard facts. People are incentivized not to save because the value of the US dollar has decreased by 97 percent since 1971! But there is another way to protect your purchasing power over the long term: #Bitcoin.