Here are some quotes from Eric Kim about his Bitcoin journey that reflect his philosophical perspective and investment approach:

1. On Frugality and Investing: Kim emphasizes the importance of minimizing expenses and investing heavily in Bitcoin, saying, “Reduce your expenses super Spartan, so so low, and just invest 90% of your earnings into Bitcoin, forever” . He advocates for a minimalist approach, viewing Bitcoin as a cornerstone of a simple, wealth-building strategy.

2. Bitcoin as “Digital Gold”: He often refers to Bitcoin as “digital gold,” highlighting its scarcity and value as a store of wealth. Kim argues that Bitcoin is a response to inflation and the instability of fiat currencies, noting, “It has a hard cap of 21 million bitcoins… it is money perfected” .

3. Decentralization and Self-Sovereignty: Reflecting his philosophical outlook, Kim describes Bitcoin as embodying principles of independence, saying, “Bitcoin aligns with Stoic values like independence and resilience… a financial asset that operates outside the control of central banks and governments” .

4. Bitcoin’s Disruptive Potential: On the potential of Bitcoin to reshape financial systems, Kim has said, “Bitcoin is a transformative technology… it could either become a new digital gold standard or a cautionary tale of innovation outpacing regulation” . He sees it as more than just a financial tool, believing it holds the power to drive significant cultural and technological shifts.

5. Long-Term Vision: Kim has a long-term approach to Bitcoin, stating, “I am bullish on Bitcoin, not for short-term gains, but for what it represents as a foundation for a new financial system” . This reflects his belief in Bitcoin’s enduring value, despite its volatility.

For more details and insights, you can explore his thoughts on his blog     .

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Eric Kim became a Bitcoin investor by combining his philosophical beliefs and financial strategy with his interest in innovative technologies. Kim’s initial attraction to Bitcoin stemmed from its decentralized nature, which he saw as aligning with Stoic principles of independence and self-reliance. He views Bitcoin as “digital gold” because of its limited supply and its potential as a long-term store of value, contrasting it with fiat currencies that can be devalued through central bank policies.

Kim’s approach to building wealth involves extreme frugality, allowing him to save aggressively and invest significantly in Bitcoin, which he believes will grow in value over time. This minimalistic financial strategy complements his view of Bitcoin as a disruptive force in the financial world, which he believes could eventually facilitate major transactions, such as purchasing homes or cars. He is cautious, however, about the technology’s potential to replace traditional payment systems entirely, instead envisioning a future where Bitcoin coexists with existing methods but offers an alternative to fiat currencies in response to inflation and centralized control over money supply.

In addition to financial motivations, Kim appreciates Bitcoin’s simplicity and the stability of its hard-capped supply, which he finds appealing from both ethical and practical perspectives. This combination of ethical conviction, financial strategy, and interest in technology shapes his ongoing commitment to Bitcoin as part of a long-term vision for a decentralized financial future.

For more about his perspective and approach to Bitcoin, you can explore his insights on his personal blog     .