Well, well, well – if it’s not Jack Mallers dropping truth bombs like they’re going out of style! His latest video about bitcoin scarcity made me feel happier than a Brit who just found out the pub was open early.
You see, we Brits have a knack for belittling the truth, but when it comes to Bitcoin, accuracy takes a backseat. We often talk about Bitcoin being an inflation hedge, as if it is a kind of financial umbrella protecting us from monetary spray. But let’s cut the little pies. The real magic lies in the limited supply.
In his last episode of Money Matters Podcastbroadcast live on November 11, 2024, Mallers didn’t just hit the nail on the head; He used a sledgehammer. “Bitcoin is the solution, not a hedge,” he declared, with the kind of conviction you would expect from someone who has just discovered tea and biscuits.
He pointed out the obvious – but often overlooked – fact that Bitcoin is the only asset where increased demand does not lead to increased supply. If everyone suddenly wanted an iPhone, Apple would produce them faster than we could say “planned obsolescence.” But if everyone wants Bitcoin? Well, hard biscuits. There is a fixed supply, and that’s it.
Mullers eloquently stated that “Bitcoin is the most performing asset in the world because it is the rarest asset in the world. It is the only asset that requires a higher price for further supply.” It’s like trying to get tickets to a sold-out Oasis concert; The more you want them, the more you will cough.
He also harshly criticized those who believe that Bitcoin is just another cog in the financial machine, tied to stocks or precious metals. It’s as if it’s telling us that while the world is fiddling with monetary policy like a cat with a ball of yarn, Bitcoin is unflinchingly standing still.
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 good cup of Earl Grey. The finite nature of Bitcoin means that it cannot be diluted, devalued or manipulated, contrary to my neighbor’s opinion about my lawn gnomes.
Mullers sums it up brilliantly: “Bitcoin can change the world because the world cannot change Bitcoin.” It’s the financial equivalent of an unstoppable force colliding with an immovable object — except, in this case, the object is a decentralized ledger, and the force is our collective perception of the value of scarcity.
So, what’s the takeaway here? If you’re still treating Bitcoin as an optional side dish rather than the main course, it’s time to rethink your financial menu. Bitcoin scarcity is not a problem; It’s a feature — and a pretty cool one at that.
In the great tapestry of assets, Bitcoin is that elusive thread of gold that never tarnishes, doesn’t wear out, and certainly doesn’t multiply just because we want more shine. It is time we recognized Bitcoin not just as a hedge against inflation but as an independent solution to the age-old problem of preserving value.
For me, I decided to value two things above all else: my time and my bitcoins. Everything else is just window dressing, or, as we say across the pond, just fluff.
So my thanks to Jack Mallers for reminding us that sometimes, less really is more. And if you haven’t seen his latest video, do yourself a favor and give it a chance. Just be prepared, you may find yourself nodding harder than a ball on a bumpy road.
Cheers!
Watch the video:
#Bitcoin It can change the world because the world cannot change #Bitcoin pic.twitter.com/3WnamG8nL7
– Jack Mallers (@jackmallers) November 14, 2024
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.