Bitcoin versus Index Funds; Austrian vs. Keynesian economics; DOUBLETHINK?

Is investing (for decades) in index funds AND saving in Bitcoin at the SAME time an example of cognitive dissonance?

Is this ethical? Do I have a split personality? Is this doublethink? Or is this simply pragmatic, betting on red AND black?

The two exist in completely different economic realities. I believe in the soul of Bitcoin, so I save in Bitcoin. But I also buy into investing with index funds, because I believe in the soul of FI/RE (financial independence/ retire early)…. And well, index funds are the conventional wisdom with historical momentum. (And there is a 401k match, etc…)

One depends on a central bank; the other abolishes it. One relies on the US economy; the other has no borders. One has a counterparty; the other does not. One is non-custodial; the other is a bearer instrument. They are nothing alike !

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The paradigm is shifting, the pill is orange

The paradigm is shifting.

An entire generation is currently entering adulthood with no hope of affording their own property or a new car, and with no prospects for a future pension.

This generation has been deprived of the options and opportunities that the baby boomers enjoyed, due to the infinite money printing and financial bubbles of previous decades.

People born after 2000 have been robbed and left disadvantaged by those born before 1970.

They are expressing their dissatisfaction through their choices. Their income is moving away from the inflationary environment and transitioning into deflationary new assets like #Bitcoin. They will eagerly watch the old world crumble in the flames of endless bailouts and money printing, while they accumulate relative wealth on the sidelines.

Then they will simply take over. That's when Bitcoin reaches the value of $1 million. That's when the term "millionaire" will be replaced with "wholecoiner".

The pill is orange. Take it, weather the storm, and let the baby boomers face the consequences of the chaos they have created for themselves. There may be bumps on the road, but the paradigm is shifting.

Those who understand the future will own the future.

#Bitcoin

submitted by /u/mrginopalacca
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Don't Panic

Hello fellow Bitcoiners.

Over the next several quarters, perhaps even a year or two, the ongoing liquidity crisis engineered by the Federal Reserve will heavily surpress the fiat-denominated price of Bitcoin. This price suppression will be further excacerbated by the usual consolidation phase we see in the shadow of a new ATH.

This activity, in light of the central banks' efforts to develop and implement their own heavily controlled digital currencies, could very well make this coming consolidation phase the most significant opportunity to accumulate bitcoin that we have seen in many years, and may not see again in our lifetimes.

Personally I will be accumulating as much as reasonably possible while minimizing living expenses. Obviously this does not constitute investment advice, and you are responsible for your own actions in the coming months.

Best of luck and remember, don't panic.

gta3uzi, 2023-04-21

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BCH Twitter concept

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source https://www.reddit.com/r/btc/comments/12ujatp/bch_twitter_concept/

Fry shop, Italy

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Absolute 🔥 from CashTokens.org, day 8: Covenant-Tracking Identity Tokens

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source https://www.reddit.com/r/btc/comments/12ud22g/absolute_from_cashtokensorg_day_8/

Telegram’s wallet now supports Bitcoin

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