Normal People Shouldn't Invest
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Inflation erodes the value of fiat money over time, leading to limited options for preserving wealth. Traditional saving options offer minimal protection against inflation, and investing in stocks or cryptocurrencies can be risky and stressful. The author argues that Bitcoin presents a better alternative by rewarding low time preference and saving, without the stress and risk associated with traditional investments.
Table of contents
High living and melting ice cubesThe investment optionMichael (Midas) MulliganMichael (Crappy Investor) SnoymanNormal people shouldn’t investOption 4: deflationFurther reading10 Comments
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