Following the ways of the world without at least analyzing its moral consequences is generally a recipe for falling into sin. If we are to invest, we must do so in a way consistent with the teachings of our Lord.
Either there’s volatility and large upside like with Bitcoin, or there’s no volatility and little upside like with many bonds. There’s no free lunch of no volatility and high upside.
A few years ago, a missionary decided to do a small and seemingly inconsequential experiment in El Zonte, a beach town in El Salvador. The plan was to get the community to adopt Bitcoin so that they wouldn’t have to rely so much on the cash economy. What he started would change the country.
Fiat money is a cesspool of theft, cronyism and corruption. It’s the escalator of wars, the source of wealth inequality and the reason why seemingly everything today is politicized.
