Part 1/5:
The Compelling Case for Bitcoin: Mitigating Risks in an Inflationary World
The Wisdom of Anthony Deon
Anthony Deon, a well-respected investor based in Switzerland, has a quote that resonates deeply with the Bitcoin community. He said, "The compelling thing about gold is the risks we don't take by holding it." This sentiment is strikingly similar to the rationale many Bitcoiners have for holding the cryptocurrency - it's about the risks they avoid by not holding traditional assets like the US dollar or other fiat currencies.
Deon's perspective as a "sound money" advocate aligns with the core principles of Bitcoin. He recognizes that the risks you don't take by owning an asset like gold or Bitcoin are just as important, if not more so, than the potential upside. This mindset is crucial in a world where traditional assets like bonds and cash are increasingly seen as risky propositions.
Rethinking the Risks of Traditional Assets
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