Once you understand the concept, you can’t unsee it.
If you want to lose 15 pounds, you must work out. If you want to pay off your student loans, you must work and pay them off. If you want to find the love of your life, you must go out there and date people. There is a sheer amount of work that needs to be done, and that is the simple, hard truth.
Bitcoin incorporates this concept. In order to "create" more Bitcoins, miners need to consume electricity to run their machines. In order to hold more Bitcoins, holders need to understand Bitcoin's fundamentals, including the history of money, its philosophy of it, and the technology behind Bitcoin.
I often see many "experts" focus on one side of Bitcoin and conclude that Bitcoin will go to zero. However, Bitcoin is an interdisciplinary field, and you can't fully understand it with only one lens.
Even if you are an amazing economist, you can't judge it with only the lens of economics. Even if you are an amazing software engineer, you can't judge it with only the lens of software engineering.
Interestingly, many people who understand Bitcoin are mothers and fathers who care about their children's future. Although every parent cares about their children's future, ordinary people living in jungles, deserts, and other parts of the world also understand Bitcoin because their savings have been taken away by "trusted" entities like their governments. It's funny that many Westerners who complain about politicians don't delve into what's happening with money printing and its impact on their personal finance.
Before I got into Bitcoin, I was a Boglehead who believed in investing in index funds and forgetting about it for decades. However, you can't simply set it and forget it by investing in indexes. The S&P500 index funds came out in 1975 when baby boomers started working. The stock market will go up in the long term, but so does the amount of currency. This means that even though the stock price is going up, the value of the currency you hold is going down. It's a net-negative effect.
Think of it this way: let's say the S&P500 goes up 10% year after year, but the US dollar is printed by 7% per year. That means you only gain 3%. You're not getting richer; you're at the same level or getting poorer.
Inflation is the enemy, and Bitcoin is a life-saving boat.
