236. CFA and Bitcoin with Rajat Soni

Rajat Soni is a CFA who read The Bitcoin Standard and became a bitcoiner, which caused him some trouble with the CFA Institute. He joins to discuss his transformation and why the investment industry may not like bitcoin.
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Saifedean’s first book, The Bitcoin Standard:
saifedean.com/t...
Saifedean’s second book, The Fiat Standard:
saifedean.com/t...
Saifedean’s third book, Principles of Economics:
saifedean.com/poe
Enjoyed this episode? Join Saifedean's online learning platform to take part in weekly podcast seminars, access Saifedean’s four online economics courses, and read his writing, including his new book, Principles of Economics! Find out more on Saifedean.com!

[@rajatsonifinance]

Thank you so much for having me on here Saif! Enjoyed this conversation.

[@NappyWayz]

Great job! 1:13:58

[@nictron99]

Hi Rajat, I recently made this comment and wonder if you've covered the topic in one of your videos? If not would you be open to analysing it? In a world where Bitcoin is the norm, the "yield" will come form human ingenuity and productivity increasing the purchase power of the Bitcoin you earn. Bitcoin as economic currency and its limited supply increases your purchase power over time. The reason we have fiat is due to the state being proposed as the answer to human problems like military, roads, charity and social support etc. etc. For Bitcoin to succeed we need to get the state mindset out of people's heads and a mindset of self-sovereignty and societal support to grow. #peacefulparenting Bitcoin is the easy part of the solution. The #Bible ironically talks about lending without expecting yield / interest because you are doing it for the greater good. With Bitcoin this is actually possible as your greater good act will come back in more options, better purchase power and societal growth. Here is more on what the Bible states on interest bible.knowing-jesus.com/topics/Interest The hard part is to change our hearts. To love God and His wisdom with all our hearts and equal to this, to love our neighbors as we love ourselves. This is the whole of the law. Only, and only then will the Kingdom of God manifest and Bitcoin can be part of the tool-set as sound money. God bless and all the best,

[@djr113]

good job!

[@vincentgudeman]

Thank you for your videos... BTC price has been volatile lately, but I believe it's crucial to focus on educating newcomers on strategies beyond simply holding through market dips. One advantage of this space is the ability to buy during dips and actively trade, generating profits while awaiting inevitable price increases. Many people lack a deep understanding of how this market operates. Charts cannot predict asset movements with certainty; prices fluctuate up and down. Despite this volatility, the market remains profitable.... I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Loraine Souvenir, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@NormanWells-d8g]

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this

[@humblePaul5432]

It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!

[@MiguePeres-dg1ro]

It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure

[@AshleeCurl]

The beauty of her approach is her dual focus: while she aggressively pursues profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.

[@antonyc09]

Nice to see this here. A lot of folks downplay the role of advisors until they’re burned by their own emotions-no offense. I remember last year, I needed a good boost to help my business stay afloat, so I researched licensed advisors and thankfully came across Loraine. She’s helped grow my reserve, despite inflation, from $152k to nearly a 7-figure sum as of today..Her insights and daily siignals are worth following.

[@PaulOSullivan]

I’m a CFA Charterholder too. I’m not an advisor but I try to educate everyone I can about Bitcoin. I’m long Bitcoin and I tell pretty much everyone about it. I find I’m saying “You should read the Bitcoin Standard” all the time.

[@vavoo4971]

CFA Charterholder household here. I can confirm that as a Charterholder you know all the tools and how to use them, but you still really have to put those tools to use correctly.

[@GamerNinetyNine99]

Please make time stamps dear friend Saifeadean

[@darkfangulas]

9:30 brilliant question I always wonder this as a certificate doesn't give you a crystal ball

[@AskaBitcoiner21Questions]

"The assumption is that the US dollar will never go away" - This is so on point!

[@Brandon-xp1ob]

You're both rock stars 🧡

[@StarboardsTackSATS]

Saif, I just read the chapter in The Fiat Standard about Fiat Food. I went out today and bought some steaks and I am eating one right now! LOL. Great read, as well as your other books.

[@mikehardwicke23]

Low carb carnivore high (animal) fat diet is the way to go. It's what we evolved to eat. Throw in some intermittent fasting too (paleo man never ate regular meals). Autophagy rules ✓

[@piriqui1]

Incredible content! Both of these BTC rockstars are incredible! So happy to see them share ideas and toughts!

[@pran10000]

Rajat is very good. Thanks for getting him Saif!

[@GrahamDavid-u1e]

I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?

[@PrecillaRomero]

I will advise you should stop trading on your own if you keep losing.

[@PrecillaRomero]

If you can, then get a professional to trade for you I think that way your assets are more secure.

[@James-1Sinclair]

I'd recommend Yvette Boyer, her profit is great even when there's a dip

[@Sajjad-mm-n4u]

Hey i'm shocked you just mentioned and recommended Yvette Boyer i thought i was the only one trading with her

[@James-1Sinclair]

you dont need to be shocked haha because i'm also a huge beneficiary of her

[@SamHillman-by3jp]

Great stuff! This knowledge and continual education on BTC has really ignited an urge for me to become the best version i can be! This in turn has led to a journey of myself and in that being the change I want to see in this world!

[@boybata84]

Another great talk. So refreshing. And affirming

[@cryptoemcee]

Thanks, great to hear how the fiat guy turned himself to Bitcoin when he realized how fraudulent the fiat system was.

[@edawg654]

Great guest. Both are great

[@bjørnr1984]

2 of the best!

[@CanPat777]

I have owned Bitcoin for three years. I have never sold any. When would you sell Bitcoin?

[@larryripple]

never sell btc for worthless fiat. BTC is finite and fiat is infinite. BTC will go up forever broski

[@channel1_channel]

Why would you sell bitcoin? That is the first question.

[@CanPat777]

@@larryripple so how do you plan on profiting from your Bitcoin?

[@CanPat777]

@@channel1_channel so how do you plan to profit from your Bitcoin?

[@larryripple]

@@CanPat777Hodl and stack it until bitcoin becomes the money, i’m 25 so time is on my side, if you happen to be older then it’s definitely a different situation

[@oscarmike4596]

‘ Moving around the hot potato of Fiat money’ Saif

[@cbarber]

Sensei

[@finestcitycycling621]

Ha, I was so confused at first. I thought CFA meant the fiat currency 😂

[@dynasty7298]

So what happens if the big companies like the evil blackrock and others own most of the worlds bitcoin supply? What do you guys think happens. Im a huge advocate of bitcoin and i cant really imagine what could happen in thay situation, which seems to be happening right now

[@channel1_channel]

Blackrock's clients are the one's buying btc etfs. Coinbase holds the bitcoin (Custodian). The bitcoin CODE base is the heart of bitcoin. Changes to that are what matters. Not how much bitcoin you hold.

[@Greg_P611]

Michael Sailor has no kids or anyone to leave his fortune behind to. He said he will leave it all to charity