This is in total a very interesting question, about a very interesting strategy.
I think there are small clubs where people seek to save, by not buying depreciating consumer goods which don't produce income, and instead buy assets, which appreciate, and/or produce income. And the latter gives members bragging rights.
We live in a "Bragging RIghts World" in many respects, in that we buy stuff to be seen in that stuff, or for people to know, we have this stuff, so we can give the appearance of great success.
I see this misdirected energy as "one" of the roots of the modern debt problem, because all problems are multi-factorial, with some factors being larger then others...
I think it would be a huge effort, but would also result in a huge effect, to change the predominant culture, of one which brags about buying appreciating assets, and brags more about buying appreciating and income producing assets.
If these were the cultural status symbols, instead of Rolex watches, Laborgini Sports Cars or even Bored Ape NFT Avatars.
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I agree. What we want to brag over is an interesting question though, isn't it? A fancy car, or 10 BTC? Ten years down the track, will the bragging change?
Ha Ha Ha..
You hit the nail on the head, when chose between ten bitcoin and a new car, that thought process will represent an incremental change in our thought processes which will represent a big change, and longterm have a great impact..for those who chose the Bitcoin, and those who chose the car.
LOL
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