The government & banks have failed us.
If it wasn’t evident enough from the ditching of the gold standard in 1933, the despicable 2008 bailouts and utterly paradoxical stories such as, “Hertz doled out $16M in bonuses to top executives days before bankruptcy filing” it should be clear by now. These events have been occurring for decades, progressively worsening – surely we have climaxed.
Fun Fact: Bitcoin was a direct result of the 2008 financial collapse; The London Times ran a cover story titled “Chancellor on Brink of Second Bailout for Banks.” Satoshi Nakamoto quoted this and embedded it on the very first transaction recorded on the Genisis Block on Jan/03/2009.
The world is on fire (figuratively and literally); you have to wonder how we have let things continue for so long. Governments & banks across the globe have been infiltrated by rapacious sub-humans who can’t help themselves on their eternal quest for complete and utter power. Bitcoin fixes this, or at least takes a crack at it!
Bitcoin is the currency of you and me – the money of the people. Bitcoin takes that control away from banks and central governments and returns it to the people. With Bitcoin, you can irreversibly and provably transact peer to peer without interruption or deviation. Transactions sent through the Bitcoin network are forever recorded in the blockchain and can never be reversed.
“Chaos isn’t a pit. Chaos is a ladder.”– Petyr Baelish
We choose to go the other way and reject the idea of banks, or further, governments. Cryptocurrencies, like Bitcoin, is your out. It’s your peaceful protest to not partake in the traditional financial systems which are riddled with snake-like humans whose ideologies are nothing far from world domination & gluttony to the highest degree. Money is power. Control the money, control the world.
Hedging “The Great Monetary Inflation”
Inflation is the silent thief – it has always been there, slowly picking away at the value of your hard-earned money. From the beginning of 2020 through May of 2020, the Federal Reserve has printed 2,756 Billion dollars. For some perspective, that was near the same amount printed from the year 2000 to the financial crisis of 2008. The chart below is a scary sight, especially moving towards more recent data. As of more recent events, the Federal Reserve plans to simply print another 1 Trillion dollars for upcoming “relief programs”. The monetary policy of the United States, along with the majority of other countries, has been broken for a very long time, perhaps controversially since inception.
Value or money, in essence, is human life. Your job from 9 to 5 directly converts to cash. You are trusting the government and banks with your (what I like to call) life points. The monetary policy of the United States of America has, and is, constantly quantitatively easing. Also known as inflation, which substantially devalues your money. Compare that to Bitcoins’ quantitative hardening or halving event, which make Bitcoins harder to produce, obtain, and as a result, increase in value via simple supply-demand logic.
“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”– Satoshi Nakamoto, Anonymous Bitcoin creator
Paul Tudor Jones, CEO of Tudor Investment Corp, a hedge fund that manages $38.4 billion as of March 30th, recently said, “If I am forced to forecast, my bet is it will be bitcoin.” Now, this is a man who has managed to accumulate billions of dollars; that takes a certain kind of individual. He understands global markets, macro trends, commodities, securities, etc., to the highest degree. He has spent his life learning, refining and, applying his skill set. When he speaks, people listen – I think it’s safe to say, Paul Tutor Jones is bullish on Bitcoin. Hedging inflation is unquestionably critical to preserve or even perhaps increase your net worth.
“Bitcoin is the only store of value that actually trades 24/7 in the entire world.”– Paul Tutor Jones, CEO Tutor Investment Corp
Investing in the future of value as we know it
The definition of value is
1: the monetary worth of something.
2: equivalent in goods, services, or money for something exchanged.
The internet, along with many other technologies, has vastly altered our lives. For the better, the majority would argue, and I mostly agree. The transfer of information is remarkably faster than say, 10-years ago, or even more disturbingly, 25-years ago. Technologies and the rate of adoption play a key role in the evolution of value or money in this case.
On the chart below, it becomes quite apparent, from left to right, we are increasingly willing to adopt new technologies such as radio, the internet, social media, streaming, digital meetings, apps, smartphones, and presently Bitcoin.
It is simply the natural progression of money to become completely digital. Kids of this generation are born with an iPad attached to the umbilical cord. Physical cash in many countries seems entirely archaic, even more embarrassingly checkbooks. Bitcoin is simply the next stepping stone of money & value. Most people in the cryptocurrency ecosystem agree we are somewhere between innovators and early adopters. Remember, Bitcoin is still quite young for technology being first released in 2009.
Winklevoss Twins: ‘It’s the Bottom of the First Inning’ for Bitcoin– Cameron and Tyler Winklevoss
I guess my questions to you are as follows; Do you believe in technology? Do you like technology? Do you use technology? If someone presented you an opportunity to invest in Amazon.com in the ’90s and elaborated on the revolution that Amazon would bring to the typical marketplace, would you have invested? Now, take that analogy and apply that revolutionist point of view to value itself – money as we know it is being revolutionized right before your very eyes.
Bitcoin is money.
“The best time to buy bitcoin was yesterday, the second best time to buy bitcoin is today.”– Unknown
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