Opinion | Do We All Need a Little Bitcoin?

If Bitcoin is supposed to do this, supposed to play this stabilizing role, why is it instead leaping and dancing and swinging wildly and, most recently, collapsing? Because Bitcoin’s alive, and the other assets are dead. Stability is the single biggest lie in financial markets. And even if you don’t like Bitcoin, want to learn about Bitcoin, I do think that there’s an entire generation, I call it the volatility generation. They understand that you need volatility in your portfolio in order to protect yourself. And so I’ll give you a couple of examples. If you go talk to a financial advisor in the United States of America and you ask them, “I want to have a very safe portfolio.” They will take your money and they will pretty much put it in cash and Treasuries. Those are the only two assets in financial markets that are designed to lose money. So by definition, they are not safe. And so now what you’re starting to see is, well, forget for a second individuals. Let’s go and look at maybe pension funds in America. Most pension funds in America are underfunded. They do not have the money to pay. Social Security does not have the money to pay. And so why is that? Well, they all pursued what we were told was a safe, stable approach. And they put the money in Treasuries. They put the money in bonds or fixed income, in these different instruments. And now what we’re learning decades later is actually that was a horrible decision. We did not keep up with the pace of inflation. We do not have the money to pay these promises. What do we do? And so the reason why I say that Bitcoin is alive, or volatile assets are alive and the other ones are dead, is because if you as an investor go and put the majority of your money in those assets and you wait, you are going to end up like 50 percent of the country, which is you fall further and further behind and you end up on the wrong side of this K-shaped economy.