34 alphanumeric characters.
Is that all that stands between you and retiring rich?
This string of alphanumeric characters is what you call a Bitcoin wallet, and it stores over $2 billion dollars without a bank account.
How does a string of characters store such kinds of value?
Well, a store of value is anything that holds its purchasing power in the future. It is completely a function of people’s perception of its worth.
Ten years ago, Laszlo Hanyecz was willing to spend 10,000 bitcoins on two Papa John’s pizza worth $25. 10,000 bitcoins was worth $50 in 2010.
Today, that 10,000 bitcoins is worth ~$91 million.
Similarly, many have had their Bitcoin experiences as well:
Bitcoin falls into the category of a store of value and it has the added bonus of being able to transport over the internet.
It is competing with other stores of value such as financial assets, gold and fiat currency, and less liquid ones such as art, precious stones and land.
So the question facing every investor is, “What will be the winner in ten years’ time ?”
Since Bitcoin was the best performing asset class in the past decade:
My bet is it will be Bitcoin.
At the end of the day, the best profit-maximizing strategy is to own the fastest horse. Just own the best performer and not get wed to an intellectual side that might leave you weeping in the performance dust because you thought you were smarter than the market.
Don't Make the Mistake of Paying $91,450,000 for Two Pieces of Pizza.
Save bitcoins, spend dollars.
Saving money in Bitcoin has already created 13,936 millionaires around the world.
And it’s about to create many more…
As the New York Times put it…
“Everyone is getting hilariously rich and you’re not.”
Are you ready to get “hilariously rich” yourself?