Come for the money, stay for the tech.
That is Bitcoin ideology that many would like to claim that they have, but at some point, have gotten lost in the weeds, forgetting the entire reason they are in this market.
There is no denying that most people enter the Bitcoin market hoping to change their lives financially. They have seen the stories of people essentially becoming rich overnight, and they want the same thing to happen to them. Thankfully, up until this point, Bitcoin has been one of the purest and strongest forms of money that a person can invest in. Because of that, it has seen great price appreciation since its creation and has potential for much more.
If you have consistently bought Bitcoin over the years and continued to hold it, you have done extremely well. In fact, it is very likely that you were able to change your own financial destiny forever.
This is an amazing accomplishment, and we should never lose sight of that. However, the hard truth is that through Bitcoin’s price appreciation over the years, many BTC owners have forgotten Bitcoin’s real superpower!
Bitcoin was created to give you complete freedom and control over your own money. Never needing permission to have access to your wealth ever again. Never needing approval for purchases, deposits, withdrawals, never holds on your account, and not needing about the government. Also, as a better way to save, where the value of your hard-earned money wouldn’t be inflated away.
The hard truth is that many people in the Western world have never needed to worry about this. They have been extremely lucky. It’s hard to fully understand a perspective that you’ve never actually been in yourself.
That is exactly why so many people from less well-off countries are so much quicker to understand the real value of Bitcoin.
Imagine a scenario where there was an emergency taking place, and you had to evacuate out of the country by the end of the day. With only minutes to gather some belongings from your house before leaving it forever. In that situation, space is limited and time is even more scarce. You can only take with you what you can carry.
Savings that are held in assets such as paintings will get left behind. Cash will be difficult to carry and easy to get stolen or confiscated. Gold is too heavy. The list goes on.
But with Bitcoin, you can take your crypto with you in something as small as a USB drive. And if you can memorize your key passwords, then you don’t even need to bring anything with you.
While personally, I have never been in the situation where I’ve had to evacuate in a hurry. However, I have moved to different countries across the world in each of those moments, and having my wealth in Bitcoin made everything much easier.
I didn’t have to worry about wiring money, bringing cash, customs cash limits, it being stolen, and the list goes on.
Bitcoin gives you freedom.
Of course, everyone wants the price of Bitcoin to continue to soar, including me. But never lose sight of Bitcoin’s superpower that sometimes gets forgotten during bull markets. People living in Ukraine or other war-torn areas have learned this lesson recently.
How about you? Why did you start investing in Bitcoin?
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As always, thank you for reading!
