halalmoney on Nostr: *paper money is not a savings vehicle, it's a managed loss* ...

*paper money is not a savings vehicle, it's a managed loss*

quoting
nevent1q…f37z

Reid Hoffman bought Bitcoin in 2014. He hasn't sold a single sat in twelve years.

When asked what his exit price was, the LinkedIn co-founder said: "Is there such a thing as an exit price?"

You see, "exit price" is fiat-brain. It assumes Bitcoin is the trade and dollars are the destination. Hoffman flipped the script: he's already in the destination. The 12 years of holding aren't conviction. They're literacy. He understands what most people still won't admit. The thing you "exit into" is the thing being debased on purpose.

Rothbard called it correctly fifty years ago: paper money is not a savings vehicle, it's a managed loss. Hoffman ran the math in 2014 and never looked back.

You don't need a billionaire to validate self-custody. But it helps when the market keeps producing them.

Buy bitcoin. Hold your own keys. Stop asking when to leave. There's no exit from sound money.