My pitch for Bitcoin

Why I think you should buy Bitcoin:

Bitcoin is sound money, meaning it is hard money (ie Gold) that is highly divisible, salable across time and space, and leads to a low-time preference of participants in free market economies. A low time-preference leads to the accumulation of capital through saving.

Without sound money, people’s savings, consumer prices, and the overall economic direction of a country are at the whims of the entity that controls the money supply, which today, are ubiquitously governments. For those in the US - Im sure you've heard the "money printer go brrrr" commentary when referring to US monetary policy over the last few years. We are on the verge of printing another $1.9 Trillion out of thin air for stimulus, and another $2Trillion for Biden's climate plan. Bitcoin is a protection against reckless runaway inflation. Bitcoin is protection for your children's financial future too - unless you are expecting them to grow up and pay down a $23Trillion debt they had no part in creating.

There are many other cases for "being your own bank" which Bitcoin allows you to do when you remove your coins from an exchange and put them in your own private wallet (where you are solely in possession of this money). Bitcoin is censorship-resistant. You all are in tech and understand how quickly we are evolving to a world where the US dollar will be entirely digital, all your transactions will be be easily tracked by an entity, and your bank account can be frozen based on who you interact with ( maybe even a post you made on your social media that someone deems as dissent). Bitcoin's encryption fixes that. Being your own bank protects against that.

Your response may be - well why not gold then? Well gold is certainly a good store of value, but it is not very divisible (Im not going to melt gold bars in my bathtub), its not very easy to transfer between parties, its heavy which makes it difficult to travel with (or flee with) and fairly difficult for average people to hold it themselves securely without custodial services.

Bitcoin emphatically represents sound money for the digital age, and while it is still very young, it presents an undeniably fascinating case for a new form of value that is resistant to inflation, outside of the control of any single entity, highly divisible, censorship resistant, and inexpensively transferable to nearly anywhere in the globe, wifi connection or not.

I think you should get Bitcoin. I am certainly not saying dump your entire bank account into it (it is still a volatile asset currently) However, I will go as far as to say it is irresponsible for you NOT to own any bitcoin.

Hope that helps.