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i would say understanding gold and why it became money is more important than understanding fiat in the pocket...thats a whole separate book! and a more complex subject
I agree, but we must be realistic on this side of the world (South America). Most people only know about government money, whether it be their country's local currency or, at most, the dollar. A very small handful of people know about and have access to gold, mainly investment gold. Those who know a little about gold only own jewelry and other items to show off. These people are a very small minority. On this side of the world, there is no culture of good money and bad money, stores of value, or anything like that. Ordinary people are born and, in some cases, die knowing only one method of saving in their lives. āI work and keep my money in the bank,ā or another one I've heard recently, āI pay into a retirement fund with contributions until I retire, and then when I'm no longer working, they give it back to me in monthly payments.ā With the latter, my head š¤Æ exploded when I heard that.
I agree with several things. The basis of everything is to study the money we carry in our pockets. Once you have studied that, you are able to see Bitcoin.
Most people do not know what money is, and they do not want to study it, which is why they find it difficult to see beyond the price of Bitcoin, or whether the price goes up or down. They still do not have the ability to see beyond what really matters.