Well, well, well… if it's not Jack Mallers dropping truth bombs like they're going out of style! His latest video about the bitcoin scarcity has me more excited than a Brit who just discovered the pub opens early.
You see, we Brits have a knack for understatement, but when it comes to bitcoin, subtlety takes a backseat. We often talk about bitcoin being a hedge against inflation, as if it were some kind of financial umbrella that protects us from the monetary drizzle. But let's leave the buns; the real magic lies in its finite supply.
In his recent episode of The Money Matters PodcastBroadcast live on November 11, 2024, Mallers not only hit the nail on the head; He used a mallet. “bitcoin is a solution, not a hedge,” he proclaimed, with the kind of conviction expected from someone who has just discovered tea and cookies.
He pointed out the glaringly obvious, yet often overlooked, fact that bitcoin is the only asset where increased demand does not lead to increased supply. If everyone suddenly wants an iPhone, Apple will produce them faster than you can say “planned obsolescence.” But what if everyone wants bitcoin? Well, tough cookies. There is a fixed supply and that's it.
Mallers eloquently stated: “bitcoin is the best performing asset in the world because it is the scarcest asset in the world. It is the only asset that demands a higher price for a greater supply.” It's like trying to get tickets to a sold-out Oasis concert; The more you want them, the more you have to let go.
He also charmingly criticized those who think bitcoin is just another cog in the financial machine, correlated with stocks or precious metals. It's as if he's telling us that while the world tinkers with monetary policies like a cat with a ball of wool, bitcoin remains firm and unwavering.
Now, I don't know about you, but the idea that bitcoin is immune to the whims of central banks and governments makes me sleep better at night. Well, that and a nice cup of Earl Grey. The finite nature of bitcoin means that it cannot be diluted, devalued or altered, unlike my neighbor's opinion about my garden gnomes.
Mallers sums it up brilliantly: “bitcoin can change the world because the world cannot change bitcoin.” It's the financial equivalent of an unstoppable force meeting an immovable object, except in this case the object is a decentralized ledger and the force is our collective understanding that scarcity is valuable.
So what's the takeaway here? If you still treat bitcoin as an optional side rather than a main course, it's time to rethink your financial menu. bitcoin's scarcity is not a mistake; It's a feature, quite splendid.
In the grand tapestry of assets, bitcoin is that elusive golden thread that doesn't tarnish, doesn't fray, and certainly doesn't multiply just because we fancy a little more bling. It is high time we recognized bitcoin not only as a hedge against inflation but as an independent solution to the age-old problem of preserving value.
For my part, I have decided to value two things above all else: my time and my Bitcoins. Everything else is just a facade or, as we say on the other side of the pond, mere nonsense.
Here's to Jack Mallers for reminding us that sometimes less is more. And if you haven't seen his latest video, do yourself a favor and check it out. Just be prepared: You may find yourself nodding harder than a doll on a bumpy road.
Health!
Watch the video:
<blockquote class="twitter-tweet”>
<a target="_blank" href="https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin You can change the world because the world cannot change. <a target="_blank" href="https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin pic.twitter.com/3WnamG8nL7
-Jack Mallers (@jackmallers) <a target="_blank" href="https://twitter.com/jackmallers/status/1857108673518067954?ref_src=twsrc%5Etfw”>November 14, 2024
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of btc Inc or bitcoin Magazine.
<script async src="https://platform.twitter.com/widgets.js” charset=”utf-8″>
