Bitcoin solves the biggest problem that most of humanity doesn’t even know they have.
Fiat currencies – the US dollar, British pounds, Euro etc. – lose more and more of their value every year. Currency today isn’t backed by anything – it only has value because we collectively agree it does. Additionally, governments can print more money whenever they like, out of thin air. This has consequences known as ‘inflation’. Hence your house now costs outrageously more than 10 or even 5 years ago. This is actually called currency debasement.
What governments don’t tell you is that the true inflationary rate is closer to 12% a year. This means that every year, your money is worth 12% less. If you don’t make at least 12% (after-tax), you lose. If you had $100,000 in 2020, it would only be worth $75,000 in 2025. Traditional financial advice says we can hope for 8% a year in stocks. This is still losing money.
The game is rigged against us.
Think of it like this. How valuable is property in Manhattan, NYC? This is because of desirability and scarcity – there is only so much, and very little can be created. It was a great investment 200 years ago, 100 years ago, and 20 years ago. It will continue to rise in value.
Our current financial system works the opposite way.
Because more and more money is printed and pumped into the system, it becomes less and less valuable. Your purchasing power decreases over time. If anything, prices should fall as advances in technology increase productivity and lower costs. Yet we experience the complete opposite.
We are becoming poorer.
What’s the solution to this?
Our financial system would have to be the opposite – based on scarcity, trustworthy, outside of the ownership of governments to shield against manipulation, permissionless and available to everyone.
This is what bitcoin truly is, and more.
It’s not just another cryptocurrency. Bitcoin is a revolution in our monetary system. It can be used as money or as a store of value instead of other assets. It’s been called perfect money. It’s the exit out of the house of cards that is the fiat system. It will fall; it’s only a matter of time.
How does Bitcoin work?
There will only ever be 21 million bitcoins. 4 million are estimated to be lost forever. Because the supply is fixed, it is very scarce. Better than just holding its value, Bitcoin has increased by 60% annually on average. It will continue to go up, and cannot be manipulated by governments like fiat because they don’t own it. You don’t need anyone’s permission to use it. Bitcoin transactions are validated by thousands of computers that independently verify transactions to ensure the integrity of the blockchain. So when you send money to another party, trust is built in. There is a permanent record of all transactions for anyone to see.
With the most powerful country – the US government – embracing Bitcoin and removing regulatory hurdles, the risk has dropped and access to participate continues to increase globally. The CEO of Blackrock, the world’s largest asset manager, recently said that Bitcoin could challenge the US dollar’s status as the world’s reserve currency.
Holding Bitcion will make you VERY rich
Google Bitcoin’s future value and you will see crazy estimates – even $64 million per coin in 20 years! These numbers might seem impossible, but once people (and especially the wealthy) realize what Bitcoin really is and there is regulation to access it, they will flood in and drive the price much, much higher. Other countries will copy the US and establish Bitcoin reserves. It will become a competition to buy before it becomes unaffordable. Bitcoin will become the common sense store of value over other less portable assets which currently have trillions of dollars – think real estate, gold, stocks, art, etc.
It’s like Manhattan in the 1700’s.
I highly recommend everyone to get some Bitcoin. You most definitely don’t have to buy an entire coin. Each bitcoin is made up of 100,000,000 satoshis (like cents). You can buy as little as you like. Even if you can get to 0.1 Bitcoin you will be well positioned. Others have suggested even 0.01. This is how valuable it will be.
In my mind, Bitcoin’s creation and explosion correlates perfectly with the spiritual awakening taking place on Earth. We are demanding truth and sovereignty, and money is the great enabler.
You might wonder how to unlock the value of Bitcoin in the future if you should not sell. Bitcoin will commonly be accepted as collateral for loans. Much will change in the years to come.
Conclusion
Once you understand what bitcoin truly is, you would never sell! Why lose 12% of your money a year when you can gain 60? If you are curious, I highly recommend this easy to watch, non-political documentary to learn more.