Why you should sell your PSEi stocks and buy bitcoin instead
✌️Welcome to BuyBTCRetireEarly!
💸This newsletter is focused on achieving Early-Retirement through Bitcoin!
📚If your new to this Blog, start here!
Good news! I created a telegram group where we can connect and share ideas about investing, money and of course Bitcoin. Join by clicking this link: BuyBTCRetireEarly Telegram group
You can also join our Sub-reddit here.
The way to get rich is to buy assets that people will want in the next 10 years.
PSEi (Philippine Stock Exchange Index) funds is not that asset. There is simply no demand for it.
Most people that are beginning to learn to invest will be presented with the mainstream advice of “just buy index funds”
Here are some other mainstream advice that are not finance related:
“Just eat carbs and count calories”
“Just get good grades, get a good job, loan for a car and house”
“Just listen to the news. Use social media just like everyone else”
“Listen to the government. They are the big daddy. Trust food pyramid, trust news outlets, trust big pharma and big corporations”
Point is, mainstream advice or the common advice in almost every aspect of life whether food, health, finance always sucks.
Mainstream advice will do us more harm than good.
We’ve got to think for ourselves, the way we do that is by studying our options or alternatives. Not just blindly following the advice because it is what work well in the past or it is given by the authoritative figures (government, investment gurus, Warren Buffet etc.)
Why buy bitcoin
Bitcoin will be our best alternative as an investment, because it is the asset that people will want to hold in the next 10 years.
Why is that?
Because the money supply keeps on increasing. Government will continue printing money to pay or rollover their debts. Ever since we went off the gold standard, the amount of money in circulation keeps on increasing.
Debasement of currency is the name of the game.
The more paper money there is, the higher the value of financial assets will be.
It is the reason why houses, gold, stocks, art keeps increasing in value.
These are all limited in supply financial assets. But there is a superior asset to all of those, and it is bitcoin.
Bitcoin is the only asset with fixed supply. You can create more houses, stocks, mine more gold but you can’t create more bitcoin.
The institutions are here
January 2024 was the mark where bitcoin become accepted as asset (though arguably many people don’t view it as a legitimate asset).
That date marks the approval of Spot bitcoin ETF. Basically, an ETFs allows traditional investors to buy bitcoin. The ETF will make bitcoin buying as easy as buying a stock. Because it is now integrated to the traditional finance world.
Here is a report published by world’s largest asset manager Blackrock: Exploring Bitcoin as a unique diversifier | BlackRock
Am I too late?
I told my friend to buy bitcoin when it was $20k, he said it can still go down
I told this same friend to buy now when it was $60k, he said it is now too expensive.
Now, is it too late?
If you would just look at the price, it may seem. But that is the wrong way to view bitcoin.
As I said, bitcoin is competing as an alternative asset to stocks,bonds,real estate etc.
If you would compare the bitcoin value to these other assets, bitcoin is not yet even at 1%:
You can’t even see bitcoin unless you look closely.
Based on this, we are still f*cking early.
But you will get bitcoin at the price you deserve. I bought bitcoin around $40k to $50k in March 2022, I experience it going down as low as $16k, I kept buying because I had conviction.
You won’t have conviction unless, you start studying it.
So, start studying your alternatives.
Study bitcoin.
If you want to support my work, consider donating via lightning:
Alby page: click here
Wallet of Satoshi: stainedsail42@walletofsatoshi.com
You can follow me on the following:
Telegram: BuyBTCRetireEarly Telegram group
Reddit: r/BitcoinPilipinas
Twitter: @btc4casuals
You can also find me on NOSTR:
npub1v8lwgdtjqtrgqxcwuftxkkge5vngjec69fncac76lkffjeqfh86snnc0z2Thanks for reading BuyBTCRetireEarly! Subscribe for free to receive new posts and support my work.