Tim Totten on Nostr: Today, the inflation rate in #bitcoin is about 1.8 %. In about a year (at the next ...

Today, the inflation rate in #bitcoin is about 1.8 %. In about a year (at the next "halvening") it will be well under 1%. Practically flat.

Meanwhile, inflation for nearly all fiat currencies (e.g., USD, EUR, JPY) looks like a steep upward slope, and it will only get steeper as politicians can't help but spend money they don't have (and thus, have to print).

The cool thing is, unless you live in North Korea or a similar regime, YOU GET TO CHOOSE the currency in which you denominate your wealth.

Think about that. You can choose! Far too many of you don't even bother making a choice. You just go with whatever the default is where you live, and never give it a thought. I'm sorry, but that kind of mental laziness is not going to serve you well.

If you live in a country with one of the worst fiat currencies, chances are that you have at least tried from time to time to store funds in a better fiat currency. Or maybe in gold or other assets.

But if you live in the US, or Switzerland or someplace with one of the stronger fiat currencies, there's a good chance you haven't given any thought to how money works. And you have kind of been able to get away with that. But those days are quickly coming to an end.

I think the choice is pretty easy. I'm very heavily weighted in bitcoin. But if you're not so sure about that, at least diversify a bit with some better fiat currencies (e.g., the little bit of funds I have in the Armenian dram has been very good for me, up some 23% vs. USD in the last year). Or move a percentage into physical gold. Or buy some commodities or something. Anything! Except maybe all those crypto scams--avoid those. 😏

If nothing else, at least THINK for yourself and don't just do the lazy default thing because it's the easiest.