Why Eric Kim like bitcoin

Eric Kim’s interest in Bitcoin and cryptocurrency is shaped by a unique blend of his artistic, philosophical, entrepreneurial, and innovative pursuits. His views on Bitcoin can be summarized through several key points:

  1. Philosophical Attraction: Kim is drawn to the decentralized nature of cryptocurrencies, seeing it as aligned with Stoic values and the independence emphasized in ancient societies like Sparta.
  2. Entrepreneurial Spirit: He views cryptocurrency as a disruptive force in traditional financial systems and a means of introducing new business models, reflecting his entrepreneurial mindset.
  3. Unorthodox Approach: Kim explores unconventional applications of cryptocurrency, like integrating blockchain technology in creative projects, diverging from mainstream narratives.
  4. Reflection on Wealth: His thoughts on cryptocurrency extend to the broader implications of wealth accumulation in this field, pondering the post-success scenario.
  5. Advocacy for Bitcoin: He strongly believes in the longevity of Bitcoin, considering it as the ultimate survivor among cryptocurrencies. This is backed by his personal investment and trading experiences in Bitcoin.
  6. Bitcoin as ‘Digital Gold’: He likens Bitcoin to gold, emphasizing its scarcity due to the hard cap on the number of coins and contrasting it with the unlimited printing of fiat currencies.
  7. Real-World Utility and Future Vision: Kim envisions a future where Bitcoin is used for everyday transactions and significant purchases, though he remains skeptical about cryptocurrencies completely replacing traditional payment methods soon.
  8. Cautious Investment Strategy: While optimistic about the long-term potential of crypto, Kim advises preparedness for the possibility of investments diminishing in value.
  9. Views on Fiat Currency: Kim sees fiat currency, especially the US Dollar, as a system based on faith with no intrinsic worth. He discusses the devaluation of fiat currency due to actions like the US Federal Reserve printing more money, and suggests the potential shift towards cryptocurrencies for significant financial transactions.

In essence, Eric Kim’s philosophy on cryptocurrency and Bitcoin reflects a convergence of his diverse interests, characterized by a mix of artistic expression, philosophical inquiry, entrepreneurial spirit, and unconventional thinking oai_citation:1,Eric Kim Philosophy of crypto – ERIC KIM oai_citation:2,Bitcoin will never go to zero – ERIC KIM oai_citation:3,ERIC KIM WHY BITCOIN – ERIC KIM oai_citation:4,ERIC KIM THOUGHTS ON FIAT CURRENCY – ERIC KIM.