Bitcoin and Millennials
You want your children to have a better life than you. That's the common thread all good parents share. If you're a Millennial or Gen Z parent, or aspire to be, you feel this deep-rooted drive. Parents feel the call-to-action to put food on the table, a roof over heads, and a secure financial future. But it's harder now than ever. The financial tailwinds that our parents enjoyed are now headwinds for us. Former Treasury Secretary Larry Summers recently observed that true inflation peaked around 18% - not the 8% the govt officially told you. Did you get an 18% raise last year?
The 60/40 portfolio is the inherited wisdom from the Boomers who did well. That “Balanced” portfolio worked because interest rates peaked at 20% in 1981 and followed a more-or-less straight line down to 0% by 2010 and beyond. Falling interest rates juice the valuations of financial assets (because future cash flows are discounted less). Real estate & stocks & bonds all boomed. The Boomer portfolio boomed. Now they tell you “Just do what I did - it worked great for me!" But it can't. You feel it but aren't quite sure what is broken.
Macroeconomic conditions have changed. Millennials and Gen Z face stagnant wages at the same time inflation drives the cost of everything higher. You are lucky if you can afford a home. Millennial parents have told themselves to just work harder. Just sacrifice more of their own health and comfort to provide for their children. What young parents need is a tailwind of their own. It's here, whether you have realized it or not.
We grew up watching the Internet develop around us. We saw that; we know what it feels like. And now, the Internet of Value is beginning to pick up speed. It's 1995 again, but this time you're an adult who can benefit financially from a digital megatrend. At the heart of this digital trend is a simple idea: the purchasing power of your savings should grow over time. Sounds too good to be true, of course. But then, that's how #Bitcoin was designed. Every 4 years, Bitcoin is designed to "make" less new supply. It's the only asset in the world they're making less and less of overtime. What this means is that Bitcoin held for 4 years becomes more valuable, because there's less supply being made. This is a simplification of the many strengths of Bitcoin, but it's the essential piece to know.
And it's why Millennials should study Bitcoin. This is our generation's tailwind. The formula for the Boomers' success no longer works. But now, we have a more potent ally than they ever had. A savings technology that has delivered 25-50% annualized growth (if you hold through the volatility for 4+ years). That's a very strong breeze at your back. If you want to make a brighter future for your children, harness this second wave of the Internet revolution. And allow this massive tailwind to fill your sails and carry you and your family to that future.
#SignalUP
