Eric Kim, a photographer and blogger, has extensively shared his perspectives on cryptocurrency, particularly Bitcoin, through his writings. His views encompass several key themes:
Philosophical Alignment with Decentralization:
Kim appreciates the decentralized nature of cryptocurrencies, aligning this with Stoic values of autonomy and resilience. He views Bitcoin as a means to achieve financial independence from centralized authorities, allowing individuals greater control over their resources.
Bitcoin as ‘Digital Gold’:
He likens Bitcoin to digital gold, emphasizing its finite supply of 21 million coins. This scarcity, in his view, preserves value and offers a more ethically grounded form of currency, free from the inflationary tendencies of fiat currencies.
Investment Philosophy:
Kim’s investment approach is characterized by simplicity and long-term thinking. He advocates for extreme frugality, minimizing unnecessary expenses to allocate more resources toward investments like Bitcoin. He suggests that focusing on one or two well-chosen investments, such as Bitcoin, can be more effective than over-diversification.
Skepticism Toward Altcoins:
While acknowledging the existence of various alternative cryptocurrencies, Kim expresses a preference for Bitcoin. He cautions against the pursuit of the “next Bitcoin,†suggesting that such endeavors may distract from the potential benefits of investing in Bitcoin itself.
Long-Term Perspective:
Kim encourages viewing Bitcoin investments through a long-term lens, considering potential appreciation over decades. He envisions a future where Bitcoin plays a significant role in global finance, particularly as societies move toward digital and contactless payments.
In summary, Eric Kim’s philosophy on cryptocurrency reflects a blend of philosophical principles, minimalist investment strategies, and a strong belief in Bitcoin’s potential as a cornerstone of future financial systems.