This backstory is one of many reasons why we put all of our cash reserves into #Bitcoin
We watched our parents life savings & wealth get devalued by 65%
Time for a thread 👇🏽👇🏽👇🏽
1) My family except for my father lived in Egypt prior to 2012. My father was living and working in Saudi Arabia as a Mathematics Professor for 35 years and would come visit us in the summers, we also lived in Saudi for a few years and went back & forth between both countries.
2) In 2011 we got to witness and be part of the “Great Egyptian Revolution” My brother (partner) & I were right there at Tahrir square and the uprisings in Alexandria. With the people on our side we faced the Egyptian riot police head on. We got hit with tear gas, squads & batons
3) The people overthrew President Mubarak and we thought we witnessed what may have been the most important year of our country’s history. (It wasn’t)😅
4) That same year we all decided that we would move to Canada. My father got his PHD from Canada earlier in his life & as a result we all had dual citizenship. My parents were coming to retire and we were starting our careers. It was perfect timing.
5) My parents stored majority of their wealth in real estate but also had a lot of their wealth in fiat.
The Banks froze all money coming out of egypt for years. To move money out of egypt, You either had to smuggle it & take the confiscation risk or know a general in the army
6) My Dad being a by the book math teacher had none of these options. He decided to work for 6 more years in Saudi until age 68 and send his income directly to Canada to fund their new home. God bless him
7) My parents had to wait for the situation to get better. In 2017 the Egyptian banks let go of these restrictions and it was easier to move big sums of money at a time (easier but still hard)
8) from 2012 to 2017 we all watched the Egyptian Pound drop 65% against the USD. And my parents watched their life’s work fade away in a few years. Luckily they had a lot of real estate assets so they weren’t completely wiped out. Yet It still didn’t offset the currency drop
9) This story should resonate with a lot of people as we’re not the only ones that this has happened to. But you don’t forget these things, fool me once... Even though Canada is not Egypt but the same monetary systems would eventually lead to the same thing.
10) That is why we choose #Bitcoin as our store of wealth & excess monetary energy. We are not just speculating it. We are deliberately adopting a #Bitcoin standard to ensure that our hard work doesn’t get inflated away.
11) We are on a mission now to let normal folks know that they have an option. It doesn’t have to be that way. You don’t have to see your dream house run away from you further every year. You don’t have to watch as a group of people decide to steal your life’s work. Buy #Bitcoin
12) The beauty about adopting a #Bitcoin standard is that now we know that the value we create will store across time & space. As a result,, our motivation, drive & purpose in our business has doubled or even tripled.
13) We now have full control of our wealth & time. That is a right every human should have. To bitcoiners this makes complete sense to others it sounds ridiculous. I employ you to dig deeper and keep asking yourself this one question. What is money?
15) Please don’t take the advice of these guys on #Bitcoin
@WarrenBuffett @mcuban @garyvee @joerogan & @PeterSchiff
As much as we admire what these entrepreneurs have built. They just don’t get it. Sorry guys but you should dig deeper too. Maybe answer us that same question?
16) Regardless I want to thank everyone mentioned in this thread. You are all awesome 😎
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