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Trading risky assets on centralized exchanges is the opposite of the savings incentives Bitcoin encourages.

This is an opinion piece by Mark Maraia, an entrepreneur, author of “Rainmaking Made Simple” and a Bitcoiner.

I find it tragic to see Number of people in the United States who are forced by Federal Reserve monetary policy to take risks with their hard-earned capital. Those of us lucky enough to already have wealth are buying overpriced houses, overpriced stocks, overhyped cryptocurrencies – and bitcoin. To quote Senator Lummis and others, “Thank God for bitcoin.”

The Collapse Surrounding FTX Centralized Exchange is the latest example of why I hate trading and investing, especially when it comes to the sh*tcoin market. Not only are you at incredible risk because you are essentially gambling on the “assets” listed, but the entity holding your money is also gambling with it! All the while, you’re trusting a third party who only wants to make money from your money – and doesn’t give you a chance to negotiate, while it’s there.

I would say that the knowledgeable “investor” will see a fantastic return on investment well above inflation and money printing and take advantage of the lower risk by “investing” in bitcoin. When I started out as a lawyer, one of my mentors was the executive director of a non-profit organization that provided housing for widows and orphans. He frequently said that this organization was only allowed to invest in widows and orphans stocks that were top notch, which meant they involved less risk and were likely to exist for the long term. Even though it is not mainstream yet, I believe that bitcoin is the best savings technology in the history of our species. I am confident that Bitcoin will outlive me and my children and grandchildren. My mother was an astute investor who strongly influenced my distaste for trading and my preference for long-term investments.

Early in my career, in the mid-1980s, I served as a defense attorney for a penny stock company and learned that our financial markets had been rigged for a very long time. So I was never a trader and my track record as an investor was spotty until I invested in bitcoin. I see all the altcoin scams today and it reminds me of the penny stock era. I am not trying to convince you that the markets are rigged, but I am sharing this view only to help the reader understand why I hate trading and investing. I want a level playing field. What I’ve learned is that there have been plenty of cronies and insiders getting preferential treatment, making them rich for many decades – and it seems to be getting worse. I want something that works on a level playing field and treats everyone the same. I want to buy and hold this asset for a decade or more and be sure it will retain its value. I want one I won’t lose sleep over. Long-time safe havens no longer work when the Fed devalues ​​the currency by double digits every year. Add the “negative interest rate” of having to pay a financial institution a 1% APR or more for managing my financial assets in IRAs or 401Ks and you get very cynical. Also beware of hidden 12b1 fees in mutual funds. Beware of intermediaries who come between you and your investments. Everybody wants a piece of your wealth.

What I really want as a semi-retired baby boomer is savings technology so secure and bulletproof that it has no equal. Ideally, one that comes with its own digital delivery system – the payment rails – that has never been hacked and works with near perfect uptime. Well, it’s bitcoin. I want savings technology that has no third parties between me and my assets. I don’t want an IOU from a bank, brokerage firm, or financial institution; I want bitcoins. I want a sparing technology that is so transparent that you can search the time chain all the way to the Genesis block. It’s bitcoin. I want savings technology that preserves my hard-earned wealth, life force, and purchasing power many years into the future with little risk. It’s bitcoin. I want to save in an asset based on absolute scarcity. It’s bitcoin. I want to own an asset that can be bought or sold 24/7/365 days a year and is more liquid than US Treasuries. It’s bitcoin. I want an asset that you must choose that is still in the early phase of dial-up adoption. It’s bitcoin. I want an asset that completely exempts me from being an investor on Wall Street. I want an asset that allows me to opt out of the fiat system. It’s bitcoin.

Was bitcoin’s learning curve steep? Absolutely, and it’s worth it! What you will discover, if you spend hundreds, if not thousands of hours doing your homework, is that bitcoin’s ROI has made it by far the best performing asset class of the past decade and that he has no equal. With the wall of bitcoin adoption by nation states, wealth funds, hedge funds, Wall Street and family offices, as well as recent increased regulatory certainty, bitcoin has been derisked. Ray Dalio prefers bitcoin to bonds. In my opinion, based on extensive research, bitcoin has a lower risk profile than any other asset class in a world of manipulated interest rates. Properly self-guarded, (which is a task in itself) it offers much less risk than the US dollars that are in my bank. Why? Because I don’t have these US dollars in my possession – all I have from my bank or financial institution is an IOU for dollars. And as we have learned throughout history, governments, banks and nation states have an unseemly track record when the unexpected happens and they have the power to take our money outright, like what happened in Canada, Cypress or stealthily through currency degradation.

For those of you who are still on the fence, I encourage you to start your homework today. I find it shocking and tragic that our school system does not teach us from an early age what money is. It’s so vital that I recently taught several classes of seventh and eighth graders about money and bitcoin and will challenge those who feel up to it. do the same! There is nothing I would like to see over a hundred thousand bitcoiners walk into their local classrooms to teach young people about money and bitcoin. Please contact me and I will share my plan and approach. Filling in your money and bitcoin knowledge gaps will give you an unfair advantage over those who are too lazy, ignorant, or fearful to do the job. And once you do, you won’t regret it. As the saying goes said, “A journey of 1000 miles begins with one step.” Bitcoin is a language worth learning. Bitcoin is also a belief system that is gaining adherents through network adoption faster than any other technology in human history. I suggest you get on the train or risk being run over by it.

This is a guest post by Mark Maraia. The opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

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