Dollar Cemetery by Along Tusk

The Dollar Is Almost Dead Long Live Bitcoin!

By XTRM™ | Cryptopia | 14 May 2023


The Dollar Is Almost Dead Long Live Bitcoin! - Yup... I know this is a very touchy subject for those who are still in my opinion a little bit snoozy to the apparent purposeful destruction of the U.S. economy and the U.S. Dollar...

Dollar Cemetery by Along Tusk

With that it is in my opinion ladies and gentlemen... well it is pretty much official – the US dollar is on life support - corresponding (censored) with the years 2020 - 2023 for skme reason. Extra word fluffing demands I tell you that you heard it here first (or maybe second, depending on how many news sites you read) – the almighty 'Greenback' is no longer the global currency of choice... Oi! Wake up if you are still sleeping your way through this...

So what's taken its place, you ask? You better sit down for this one if I just woke you up – it's Bitcoin - in an ideal world where we do not mention CBDC's, Gold, Yuen or Rubel's - It seems our favourite cryptocurrency is fast catching up and giving fiat cash systems and banks... the world is ditching the Dollar as it's main staple...

Now, I know what you're thinking if you are not so cryptocurrency savvy - "But that's crazy! How could Bitcoin possibly replace the US dollar, the international standard for currency for the last 70 years?". Well in simpleology it's all about trust. You might pull your face, but (pardon the pun) let's face it, trust in banks and traditional financial institutions isn't exactly at an all-time high in 2023 is now?

Dollar Cemetery by Along Tusk

Think about it though – how many times have you had to deal with hidden fees, overdraft charges, or other sneaky tactics from your bank? How many times have you felt like your hard-earned money was being held hostage by unscrupulous financial institutions? Well, with Bitcoin, those worries for the most become a thing of the past... we just have to give some of the sneaky tactics at exchanges such as Coinbase penny pinching behind their own off Blockchain fees and all should be good.

Investors are look to be flocking to Bitcoin in droves, as it promises a new, exciting and secure future... This has produced a problem recently with transaction times in various tokens and their Blockchains, happening alongside a recent security upheaval of Bitcoin Wallets, but this is a scaleable learn for the future.

Dollar Cemetery by Along Tusk

With Bitcoin to those in the know... know there are no bank style cashiers, sales staff or very many intermediaries – it's just you and the currency. Transactions are processed almost instantly and without the need for banks or other financial institutions – you have complete freedom over your own money. In terms of security, Bitcoin is among the most secure currencies you can find on the planet – each transaction is processed through a decentralized public ledger, called the blockchain, that provides transparency and absolute security... patience is probably the only downfall, but projects such as 'Lightning are working on solutions to transaction times.

You can see why investors are falling over themselves to get a piece of the pie – who wouldn't want complete control over their own hard-earned money, without the risk of hidden fees, charges or bureaucratic red tape... and the ouch of taxes? With Bitcoin, you can take your money and run, with no-one to answer to... but there are regulations specific to various countries... keep your eye out.

Of course, there are still some lingering doubters who question the legitimacy of Bitcoin and other digital currencies like it. After all, Bitcoin isn't backed by any government or institution, so it's immune to manipulation and other nefarious schemes that can erode its value over time.

But the beauty of Bitcoin is that it's all based on the trust of its users. If you trust in Bitcoin, its structure and the trust people have in it, then there's no reason why it can't be one of, if not the most reliable and trustworthy currencies in the world.

So what does this mean for banks and other financial institutions who were once the gatekeepers of our money? Well, let's just say they're shaking in their boots right about now. With more and more people turning to Bitcoin for their financial needs, banks are no longer as relevant.

Dollar Cemetery by Along Tusk

Banks have long been considered the reliable middlemen between common people and big corporations. But in the world of Bitcoin, banks are nothing more than bureaucratic speed bumps on the road to personal financial freedom and hopefully wealth... Thanks to the blockchain, Bitcoin can bypass banks entirely, allowing users to move money and transact with anyone in the world with unprecedented ease, speed and safety... as you have heard many times before, but may choose to continue not to get Bitcoin savvy for some reason maybe?

Let me try to convince the remaining millions... The writing is on the wall in reality - Banks and other financial institutions are slowly but surely being phased out, as investors and consumers alike embrace the future of digital currency. Bitcoin is just the tip of the iceberg – there are hundreds of other digital currencies that are quickly gaining traction, and many of them are already surpassing the US dollar in value and market share.

Dollar Cemetery by Along Tusk

Of course we know there will always be naysayers and detracters who cling to the old ways of doing things. But for the vast majority of people, Bitcoin and digital currencies like it represent the future of finance, and the key to unlocking a bright, and the possibilities of a vastly more prosperous tomorrow... staying behind is going to really hurt sooner than you think - you have been warned!

So there you have it I am still safe to say in my opinion – the US dollar is virtually all but dead in 2023... Bitcoin and other digital currencies are leading the charge toward a new, exciting future. Of course things do change quickly in global economics  – so who knows what the next few years will bring? But for now it's its becoming more clear that Bitcoin is fast becoming and has to many already become the currency of choice for investors and consumers, which are looking to ditch the shackles of traditional financial institutions and embrace a world of freedom, innovation and that illusive prosperity in the fiat world.

 

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XTRM™
XTRM™

Cryptocurrency Investigator - XTRM™ PR - Taking a laid back look at Crypto while sneaking up on the Cryptocurrency Bad Guys. All investigatory reviews are my own findings during testing - Dig a little deeper! If Carlsberg made Crypto Blogs!


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