Read now to learn how Bitcoin is the most available money in the world - in every sense of the word.
Bitcoin is money with a big future. Our world is suffering immensely from a lack of financial self-sovereignty, which itself is a result of the control that governments and corporations have over our lives thanks to the fiat financial system. Bitcoin, as the only money that’s truly resistant to censorship and confiscation, puts everyday people in a position to take that control back for themselves.
A revolution in financial self-sovereignty is coming, and those who call themselves our overlords, in word or in deed, want to stop it. For that reason, the Bitcoin community has suffered nearly endless attacks of FUD (i.e., fear, uncertainty, and doubt), not to mention plain, old Bitcoin biases…
Bitcoin Biases: Bitcoin Affordability
One of the most common biases against Bitcoin has to do with its perceived “affordability”, which, since Bitcoin is just money, is a bit of an oxymoron to say the least. Nonetheless, as Bitcoin’s value has grown over the years, more and more people have jumped onto the idea that Bitcoin is simply too expensive for many people to use.
In part, this bias stems from the fact that most people aren’t using Bitcoin as their unit of account — they’re using whatever fiat currency their governments have decided to force on them. The result is that many people are extremely attuned to changes in Bitcoin’s exchange rate with their local currency. The media bombarding us with articles about how rich we would be if we had bought Bitcoin in its early days and held it certainly doesn’t help.
When all someone thinks about is Bitcoin’s *price*, it’s easy to become overly sensitive to it. That fascination has led a number of people to mistakenly believe that Bitcoin is too expensive for any but the richest members of society. Perhaps nothing epitomizes that false idea better than this quote from billionaire Bill Gates:
I’m not bullish on Bitcoin, and my general thought would be: if you have less money than Elon [Musk], you should probably watch out.
How wrong he is…
Bitcoin Is For Everyone And Affordable To Anyone
Bitcoin is money that doesn’t discriminate. Anyone can use it, and in any amount that they choose. Yes, rich people will be able to acquire more Bitcoin than the rest of us — having more money than everyone else is what makes them rich after all — but even the poorest person in the world can trade his or her daily labor for Bitcoin. So saying that Bitcoin is unaffordable simply isn’t true.
Bitcoin is valuable — there’s no doubt about that. And its value may very well be on the cusp of exploding if global adoption continues to accelerate. But just because a Bitcoin costs over twenty thousand dollars at the time of writing doesn’t mean that people can’t acquire *cheaper* amounts of Bitcoin.
As we discussed last week, Bitcoin has no theoretical limit to the number of pieces into which it can be divided. Currently, each Bitcoin is made up of one hundred million pieces, called “satoshis”, but the community of Bitcoin users can decide to divide Bitcoin even further if it chooses to do so.
Bitcoin’s divisibility destroys preconceived notions about Bitcoin’s “affordability”. After all, if Bitcoin can be infinitely more divisible than the fiat currency in your wallet, it can be infinitely more “affordable” as well.
Don’t fall for the idea that the growth in Bitcoin’s per coin value puts it further out of reach for you or anyone else. You can and always will be able to acquire Bitcoin in exchange for any amount of time or other money you choose to spend in order to acquire it.
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This is not financial or business advice. This newsletter and related content are for informational purposes only. Cryptocurrencies and digital assets can be risky. Always do your own research before making any sort of investment.
