Wisdom Through Bitcoin:S1E5:The Money Is Already Digital Bitcoin Is Inevitable with Peter Ansell

"We the United States are mining the resources of the world and giving them effectively worthless pieces of paper for it.  And that was the moment I realized that Bitcoin is going to be the single greatest transfer of wealth the world...humanity has ever seen."  

Peter Ansell is a young Boomer that has been lucky enough to retire before the age of 60.  His interest in technology at an early age helped him invest/save his way through several financial calamities throughout the years (1989, 1997, 2001 & 2008).  His passion to understand how money works outside the United States and the effects of US Dollar denominated inflation has on those populations is a driving force in his quest for knowledge on a solution and ultimately Bitcoin.  

We also touch on the challenges of discussing Bitcoin with friends and family that don't think about the living standards of "the rest of the world."  To most in the US, Bitcoin currently isn't a necessity in storing value and combatting high inflation rates.  It is more of a speculative "thing" that people day trade if they have extra money... Similar to gambling.  Peter and I look at the value proposition of Bitcoin and comment on peoples lack of knowledge around money and its key characteristics.   

He has a great way to help entice his friends to own Bitcoin.  All they have to do is get a hardware wallet and set it up, then he will transfer them free Bitcoin.  Sounds like a no brainer right?  Crazy thing is, none of his friends or family have taken him up on it!   

We had a great conversation about buying Bitcoin on exchanges and securing in on a hardware wallet.  It's easier than you'd think. Plus a personal story of how I lost some Bitcoin and was able to recover it using my private key words.  The system really work and everyone around the world should learn about Bitcoin and the immense opportunity it provides.    

Peter and I hope you enjoy the conversation.  

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Show Notes: 

Follow Peter on Twitter @peteransel9 

Follow Me on Twitter @CSBobay & @bitcoin4kiddos 

Great Bitcoin educational resources Twitter Spaces:  

Cafe Bitcoin by Swan Bitcoin 7am-9am PST M-F 

Toxic Happy Hour by @publordhodl 11am-1pm PST M-F  

Companies we talked about: 

Ledger (Hardware Wallet) 

Trezor (Hardware Wallet) 

Coldcard (Coinkite)(Hardware Wallet)

Swan Bitcoin (Exchange) 

Coinbase (Exchange) 

Strike (Bitcoin Exchange)  Use Referral Code and get $5: strike.me/bitcoin4kiddos 

Fold Card (Debit Card- Free Bitcoin) Use Referral Code and get 5,000 Sats for joining: use.foldapp.com/r/T3C7UFYU 

Umbrel (Node)  

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