On... Why Bitcoin?

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Some people ask "Why Bitcoin?" Thats a very difficult topic because people buy Bitcoin for all kinds of reasons.


My reason is very simple - because Cash is Trash. Let's start from the premise that Cash is Trash. Where do we go from there? There are a few options of investment vehicles that you can look at. Super Annuation, Stocks, Property, Business, Crypto. The are dozens of ways that you can invest but the most accessible to most people are probably the 5 above.


So, lets take a look at the different asset class. Super Annuation is touted as the Holy Grail by my mom and mom in law. That may not be a bad choice at about 7% annual returns. But 7% may just be tracking or even below inflation.


Stocks is definitely a good choice. Just buying the index would get you a 10% annual return. I did actually start from stocks before I dabbled into crypto and it is still a major holding for me.


Property is the go to investment class traditionally. I was actually into property even before I got into stocks. But I had a pretty poor experience investing in property. There are lots of things to consider when you do property investing such as taxes, lawyer fees, Maintenance... etc. And not to mention the Renters from Hell.


Business is definitely a good option. But running a business is hard. 90% of businesses fail. And I personally know friends and relatives that have tried or are still trying. You really need to have a niche and lots of luck!


If the other 4 are not your cup of tea, then why not consider crypto? Why is Crypto (most people only know BTC, but the crypto space is actually huge) a good option? Just take a look at the returns! Sure, it could be a speculative asset like what your relatives will tell you, but all asset classes are speculative.


So, why BTC? At the end of the day, it's just one of many options for wealth preservation.    

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