When I first encountered Bitcoin I was convinced it was a bubble - and that’s exactly why I bought it. I figured I could make a quick buck off of the Greater Fool Theory - all I needed was few people that were more foolish than me to take these “coins” off my hands at higher prices. But somewhere along the way I realized that I had stumbled onto the most important change in financial history.
You read that correctly…I believe that Bitcoin is the most important technological breakthrough in the history of money.
For more than 5,000 years our system of money has required a middleman - a trusted third party that verifies ownership and transfers value. From the Temples of Babylonia to Giovanni Medici to James Pierpont Morgan, banking dynasties have been built by serving as the middleman.
