source avatarThomas Jeegers, MBA, CFA, FRM

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📖 Stephen Covey was really a Bitcoiner before Bitcoin existed 📖 I've been re-reading The 7 Habits of Highly Effective People lately. I first read it in my early twenties and it was one of the books that influenced me the most. What I noticed this time is that Covey's central argument is really about one thing: stop optimizing for short-term appearances and start building systems that compound over time. Be proactive. Begin with the end in mind. Think long-term. Put first things first. This maps perfectly onto Bitcoin. Fiat money does the opposite of what Covey preaches. It rewards short-term behavior: spend now, borrow cheap, inflate the debt away later. It punishes patience by design. Saving in a currency that loses 3-8% purchasing power annually is a losing game, so people rationally chase yield, take on leverage, play short-term. Bitcoin flips the incentive structure. Fixed supply means deferred gratification is actually rewarded. Holding cash-equivalent savings in something that doesn't inflate forces you to think in years, not quarters. You stop asking "how do I not lose to inflation this month" and start asking "what do I actually want to build over the next decade." A lot of what Covey diagnosed as a character problem in 1989 is really amplified by a monetary system problem. The urgency addiction, the scarcity mindset, the inability to think long-term: these aren't just personality flaws. They're rational responses to bad incentives. Fix the money, and Covey's habits get a lot easier to practice.

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