Show Notes
To fully understand the massive potential of Bitcoin, specific books are necessary reading, including “The Sovereign Individual” by James Dale Davidson. It’s a book that ties social constructs and the issues we face not to political forces, but to economic ones. How did reading “The Sovereign Individual” change how investor and Urban Pacific Group CEO, Scott Choppin views the opportunities in Bitcoin? With so many economic forces promising to have ill effects, how do we unfreeze and get out of our cynicism so we can find the opportunity?
In this episode, Scott talks about how this book changed his understanding of money as we know it.
Three Things You’ll Learn In This Episode
Monetary systems control a lot more of our lives than we think We don’t typically associate what happens in society with economic incentives, but the monetary system is at the heart of what people and countries do. Monetary policy and forces like inflation drive the decisions we make, income inequality and even social disruptions.
Don’t be cynical, find the opportunity Reading “The Sovereign Individual” took Scott down the path of preparing for the things that will be a way out of what’s going wrong. Economically speaking, there are going to be challenges and ill effects. Instead of getting cynical, we have to know that Bitcoin has massive untapped opportunities and solutions to these big problems.
Fear erodes your ability to take action Negative economic cycles tend to trigger our fear complex, which makes it hard to innovate and solve problems. When we aren’t prepared, we freeze up and get knocked off center, and every situation feels way worse than it is. We have to put practices and rituals in place that allow us to reduce and eliminate fear so we’re ready to take action.
Guest Bio Scott Choppin is the founder and CEO of The Urban Pacific Group, a Real Estate Development Company Providing Recession-Resilient Investment Opportunities in Workforce Rental Housing. For investors seeking superior recession resistant long term investment returns, workforce housing is a safe and secure investment that allows investors to capture superior and stable investment returns while supplying much needed moderate income housing to families located in deeply supply constrained housing markets.
Urban Pacific's Urban Town House (UTH) housing model is an innovation in the workforce housing real estate development marketplace, and is a stable income generator that performs both now and in a recession as a function of housing a stable and "sticky" family renter demographic.
The Sovereign Individual: Mastering the Transition to the Information Age by James Dale Davidson. For more information visit https://www.urbanpacific.com/ and sign up for the newsletter.
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