22 min
Bitcoin: A Better Store of Value Than Gold or Real Estate Wealth-Building Made Simple
-
- Investing
Key Takeaways:
Bitcoin is proposed as an ideal savings medium that offers appreciation in value and security against manipulation.
The episode parallels the stability of savings-oriented systems with the imbalance of economies rooted in easily-inflatable credit.
Comparative insights reveal Bitcoin's superior performance against traditional assets when measuring the purchasing power of oil over the past decade.
The gradual but inevitable financial system shift is emphasized as governments and wealth funds recognize Bitcoin's potential.
The discussion outlines a comprehensive investment strategy centered around Bitcoin, supplemented by selected stocks and real estate.
Chapters:
Timestamp Summary
0:01:12 The importance of savings and its role in a proper financial system.
0:02:35 The flaws in the current financial system built on credit.
0:04:09 The need for constants and building on knowledge in finance.
0:06:08 The author’s personal investment strategy with bitcoin and companies.
0:08:10 The concept of savings from a government standpoint.
0:10:14 Comparing the value of bitcoin, S&P 500, and gold as savings options.
0:13:17 Bitcoin bought 91 times more oil per dollar invested.
0:13:57 There is no one at the top controlling everything.
0:15:12 Larry Fink is a powerful money manager in finance.
0:16:19 Rich people want a base currency that can’t be manipulated.
0:17:33 Rich people don’t care about the technical details of crypto.
0:18:42 Rich people want to put their wealth in a decentralized system.
0:19:07 Rich people just want to know if their money is safe.
0:19:40 Investors are rewarded for their patience and information edge.
0:20:25 Bitcoin is the core of the portfolio and benchmark for allocation.
0:21:28 Real estate and stocks should not be dismissed.
Powered by Stone Hill Wealth Management
Social Media Handles
Follow Phillip Washington, Jr. on Instagram (@askphillip)
Subscribe to Wealth Building Made Simple newsletter
https://www.wealthbuildingmadesimple.us/
Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!
WBMS Premium Subscription
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
Key Takeaways:
Bitcoin is proposed as an ideal savings medium that offers appreciation in value and security against manipulation.
The episode parallels the stability of savings-oriented systems with the imbalance of economies rooted in easily-inflatable credit.
Comparative insights reveal Bitcoin's superior performance against traditional assets when measuring the purchasing power of oil over the past decade.
The gradual but inevitable financial system shift is emphasized as governments and wealth funds recognize Bitcoin's potential.
The discussion outlines a comprehensive investment strategy centered around Bitcoin, supplemented by selected stocks and real estate.
Chapters:
Timestamp Summary
0:01:12 The importance of savings and its role in a proper financial system.
0:02:35 The flaws in the current financial system built on credit.
0:04:09 The need for constants and building on knowledge in finance.
0:06:08 The author’s personal investment strategy with bitcoin and companies.
0:08:10 The concept of savings from a government standpoint.
0:10:14 Comparing the value of bitcoin, S&P 500, and gold as savings options.
0:13:17 Bitcoin bought 91 times more oil per dollar invested.
0:13:57 There is no one at the top controlling everything.
0:15:12 Larry Fink is a powerful money manager in finance.
0:16:19 Rich people want a base currency that can’t be manipulated.
0:17:33 Rich people don’t care about the technical details of crypto.
0:18:42 Rich people want to put their wealth in a decentralized system.
0:19:07 Rich people just want to know if their money is safe.
0:19:40 Investors are rewarded for their patience and information edge.
0:20:25 Bitcoin is the core of the portfolio and benchmark for allocation.
0:21:28 Real estate and stocks should not be dismissed.
Powered by Stone Hill Wealth Management
Social Media Handles
Follow Phillip Washington, Jr. on Instagram (@askphillip)
Subscribe to Wealth Building Made Simple newsletter
https://www.wealthbuildingmadesimple.us/
Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!
WBMS Premium Subscription
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
22 min