Interview with Rufas Kamau: Why the USD is failing and why Bitcoin by far the best investment for the next 15 years is. No other asset comes even close! Subscribe to get the Daily Bitcoin Podcast show updates: youtube.com/robinseyr?sub_confirmation=1 Where to store your Bitcoin? I personally use a BitBox! - Get a 5% Discount with code "ROBIN" - & visit: https://robinbtc.link/bitbox Ever visited the best Bitcoin-only conference? Come join me at BTC Prague! - Get a 10% discount with code "ROBIN" - & visit: ⁠https://robinbtc.link/Prague Where to buy Bitcoin? I personally use 21bitcoin! - Save fees with my code "ROBIN" - & visit: ⁠https://robinbtc.link/21bitcoin Best place to back-up your seed-phrase: - Get a 10% discount with code "Robin" - & visit: https://robinbtc.link/xellox Guest's contact: https://twitter.com/RufasKe Summary In this conversation, Rufas Kamau discusses the role of Bitcoin in the financial markets, particularly as a store of value. He explains how Bitcoin has outperformed other asset classes over time and why he sees it as a long-term store of value. Rufas also discusses the potential future where Bitcoin becomes a reserve currency and its impact on different countries, including Africa. He highlights the challenges and opportunities for African countries in adopting Bitcoin and the role it can play in cross-border transactions. Rufas shares his personal journey in trading and how he came to focus on Bitcoin as the primary asset. In this conversation, Rufas Kamau and Robin Seyr discuss various topics related to finance, Bitcoin, scams, and the importance of education. Rufas highlights the high yields in Kenya's financial market, but also points out that the yield is a result of increased money supply and inflation. He shares his realization about the value proposition of Bitcoin and the importance of self-custody. They also discuss the prevalence of scams in Africa and the need for financial literacy. Rufas emphasizes the importance of reducing distractions and focusing on one task at a time. He also mentions his passion for chess and his plans to build a Bitcoin hub in Kenya. Takeaways Bitcoin is seen as a store of value by many financial analysts, including Rufas Kamau. Bitcoin has outperformed other asset classes over time and is considered a long-term store of value. African countries, like Kenya, are starting to recognize Bitcoin as a better store of value compared to traditional assets like land or real estate. Bitcoin has the potential to become a reserve currency in the future, but the transition may take time and depend on various factors. Bitcoin can provide solutions for cross-border transactions in countries with high demand for the US dollar. Timing the market is not as important as consistently buying Bitcoin over time. Kenya's financial market offers high yields, but these yields are a result of increased money supply and inflation. Bitcoin's value proposition lies in its limited supply and the need for work to acquire it, making it a store of value over time. Scams are prevalent in Africa due to weak regulatory frameworks and lack of financial literacy. Education is crucial in combating scams and promoting financial literacy. Reducing distractions and focusing on one task at a time can improve productivity. Rufas is passionate about chess and plans to build a Bitcoin hub in Kenya. Chapters 00:00 Introduction and Bitcoin's Role in Financial Markets 03:08 The Potential of Bitcoin as a Reserve Currency 05:45 Bitcoin Adoption and its Impact on African Countries 12:23 The Global Game Theory of Bitcoin Adoption 16:01 Lessons Learned from Trading and Investing in Bitcoin 24:28 The Value Proposition of Bitcoin 24:42 FTX, Celsius, BlockFi, and the Future of Finance 30:10 Bitcoin Self-Custody and UTXO Management 34:03 Addressing Scams and Promoting Financial Education 40:13 Passion for Chess and Building a Bitcoin Hub 42:25 The Importance of an Estate Plan for Bitcoin