A while ago now I read Allden's "Broken Money", and it was the idea of bitcoin as an emergency fund for those without access to regular money which stuck with me the hardest. I think part of why it was so poignant for me was that it made sense regardless of how wealthy one is to keep some funds which is soley controllered by you and noone else. By extension, owning just some bitcoin, even if it is a very modest amount, is equally prudent regardless of whether you are a billionaire or just have more modest savings.
The reason I decided to share this is because I rarely see this sentiment in the conversation. Most often I see the argument that bitcoin is the better alternative to fiat, that it will be future base of the financial system and so on. Don't get me wrong, I hope for this although I doubt it. But it does seem inevitable to me that most people should want to have a couple of satoshis just in case.
Often billionaires gets flack for building bunkers, but I think most of us would do so. Why? Not because of "eat the rich", not because they expect the world to end, but simply because its not an expense for them anymore. Why not? I would.
Ironically this it why I think Bitcoin might just increase enormously in value. People will want to own just a little of it, but for the very rich a little will comparatively mean a lot. But as long as the Bitcoin I own don't lose ALL their value (which seems improbably if not impossible) I will still be happy to own some even if it goes down quite a bit in price. And stays there.
Because it is my tiny affordable bunker, which I hope to never need.
Bitcoin is the bunker anyone can afford.
byu/Eth_Enthusiastic inBitcoin
Posted by Eth_Enthusiastic