Bitcoin Beats Fiat

Haralabos Voulgaris views Bitcoin as a superior store of value compared to traditional assets and fiat currency, driven by his experiences with banking limitations, inflation, and wealth preservation needs.

• Bitcoin Investment Strategy:

  • Every dollar earned from sports betting goes directly into Bitcoin
  • Has made more money from Bitcoin than sports betting
  • First bought Bitcoin around $180 in 2013
  • Maintains 60-70% of net worth in Bitcoin at various points

• Motivation for Bitcoin Over Traditional Assets:

  • Witnessed real estate prices triple during COVID due to money printing
  • Sees dollars as problematic due to continuous printing
  • Views Bitcoin as better than real estate because property is "at the mercy of government" who can change rules and taxes
  • Experienced banking difficulties as a professional gambler with accounts being closed

• Current Approach to Bitcoin:

  • Holds Bitcoin through institutions like IBIT
  • Not a "pure" Bitcoin maximalist - doesn't self-custody
  • Prioritizes quality of life over complete self-sovereignty
  • Previously sold all assets (properties, plane) in 2017 to buy Bitcoin at $3,300

• End Game Philosophy:

  • No specific exit strategy - doesn't want to convert back to dollars
  • Main goals are wealth protection and maintaining sovereignty
  • Agrees with Michael Saylor's perspective on Bitcoin
  • Views it as protection against monetary inflation

• Personal Experience:

  • Initially discovered Bitcoin through gambling payment needs
  • Found Bitcoin solved international payment issues
  • Witnessed Chinese investors using Bitcoin for capital flight
  • Saw Bitcoin as solution to banking and wealth transfer restrictions