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London Real

LYN ALDEN - Bitcoin Dominance, The Lightning Network & Investing vs Inflation

London Real

Brian Rose

Investing, Business, Technology

4.41.9K Ratings

🗓️ 24 November 2021

⏱️ 104 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

For the past couple of decades, you could kind of get away with not following inflation,

0:04.9

whereas now, because there's such a disconnect between rates and inflation, it's something

0:10.8

that every person has to know.

0:12.4

If you're simply failing to grow your wealth, then that's one thing, but if you're actively

0:15.9

losing purchasing power with your money in the bank, at a notable rate, that's a more

0:20.2

serious problem that people have to pay attention to.

0:22.3

By owning a little bit is a good way to start that journey and to do a minimal portfolio

0:27.1

allocation, just to be aware of crypto.

0:30.3

The right number is not zero, and it is something that people should be familiar with, even

0:34.7

if it's a number that does not really impact their life, and if realizing you own this,

0:39.8

you self-custody it, you can send it to anyone in the world, and you're not going to

0:43.4

re-centralize third party.

0:44.8

That's a really powerful technology, and then of course, compared to other cryptos, it's

0:50.0

the one that has the most credible decentralization.

0:53.3

Some degree of diversification is helpful.

0:55.3

I never go all in on anything, just for mental clarity, really, and so when something falls

1:00.2

56% in a couple months, it's literally you lose zero sleep if you manage your positions

1:05.6

as well, and if you know what you own, I think this whole decade is going to be an interesting

1:10.2

one.

1:11.2

So there's the crypto part, and I think the ongoing underlying financial oppression, currency

1:15.8

devaluation theme is going to be with us for a while, but overall, I do think that this

1:19.0

is a pretty interesting environment that's comparable to the 70s, comparable to the 40s,

...

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