Bitcoin is the best store of value and the future of money...
But to fully understand why this is so, you must study the history of money. By learning from the past, you position yourself to be protected and to profit from the disruption that is coming.
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History of Money
Thesis
The thesis of this website is that bitcoin is the best store of value and is future of money. But to fully understand why you must study history.
To fully understand bitcoin you have to have a good appreciation of the history of money and the role that gold, silver and fiat have played and still do play.
Gold was formerly the best form of hard money for thousands of years. It still serves its function as protection against debasement but it is not as an effective store of value as bitcoin and therefore is losing value when measured in bitcoin.
For now gold still has a role. As long as the whole world isn’t yet orange pilled and some doubt the potential of bitcoin, gold will have a bid. It is also useful in protecting your downside. It doesn’t have the 80% bear markets that bitcoin has so can reduce the volatility in your portfolio.
But if this thesis is correct then gold is ultimately going the same way silver did in the 1870s when it was demonetised – it will significantly lose value relative to the superior monetary asset.
I also see a possible role for Monero in the monetary future. Bitcoin’s sole downside is its transparency and lack of privacy. There is a very small possibility that a privacy coin flips bitcoin but quite a high probability that a privacy coin exists alongside bitcoin.
People often say that when you study Bitcoin you very quickly learn a great deal about history, economics, banking, mathematics, cryptography, energy, computer science, psychology and more.
This site just focuses on the history and is excited to see a monetary revolution unfold right in front of our eyes and share that with you. By learning from the past, you position yourself to be protected and to profit from the disruption that is coming.
Remember, buying bitcoin is the easy part.
The hard part is developing the deep knowledge of the asset and the conviction to stack and hodl desite the volatility.
I hope this content can aid you in some way in progressing your understanding of Bitcoin and the history of money.
About
My name is Thomas. I have been studying monetary history since 2007 and have been investing since 2011. I bought my first sats in 2014 without really understanding what Bitcoin was. Now I know it’s the best form of money in history.
I am conservative by nature and contrarian. I look at value, market fundamentals and technical analysis. I only buy and hold for the long term.
Bitcoin is by far the largest position in my portfolio, but I do invest in other assets either for diversification or anticipation of higher returns. I know in hindsight I will probably regret it and should have just bought more bitcoin.
Disclaimer
Hard Money History does not provide financial or investment advice. This website is a journalistic resource providing financial and historical information of a generalised nature, not specific to any reader. Where an economic case is considered for an asset this is not a recommendation to buy. Do your own due diligence and consult your financial advisor before making any investments. Hard Money History accepts no liability for any decision made based on information on this website.