Bitcoin is no longer a secret as the FED continues to be in agony. We have seen over the last few weeks to a month the number of bankers, companies, and Whales coming into the Bitcoin space trying to bait out the average retail investor trying to catch up. For ages, there has only been a few currencies that have kept their value. Considering the value of the dollar dropped 8.22% in 2020, the world has a new understanding of why something like Bitcoin is needed. If you own something rather it is a home, life savings, or that car you have always wanted; I’m pretty sure you would be in shambles if it were ever taken from you, right?
Well, that is Fiat for you. We hold it, we live on it, and it can also help someone change their whole life. On the other hand, it has also caused a lot of panics. Knowing that it has depreciated, while inflation is creeping in, causing prices to go up in living, food, and gas, there has been fear created within the markets.
People wonder what can save us. Is it real estate, gold, or silver? The answer is Bitcoin. In my opinion, physical silver is a good add-on, but Bitcoin is the main focus. In a sense, BTC is all 3 of those. It can be seen as real estate, bitcoin is property, you own it. It will never be taken from you unless someone hacks you, but there are measures you can take to keep that from happening. Bitcoin has value like an asset. Assets are scarce, and that is what allows that object or item to withhold more value than most. Most families hold onto gold or items made of gold, but with BTC and its limit of 21 million BTC, this creates a sense of an asset. Once the max is reached, it will become harder to buy shares or own a piece of Bitcoin.
With gold, we all know or have a sense of the bank manipulation at play, when you are a part of the blockchain, no matter how much money you have, no matter how much power you have, you are seen as everyone else, which makes the blockchain and Bitcoin far more superior than any company or bank.
I mention silver because silver has so many applications, industrial applications, thermally conductive, and electronically conductive. Silver is a great wealth preserver, a great protector of what can be passed down. It will only grow from where it is now, considering there are only trace amounts of silver used in industrial applications. Bitcoin is known for its applications and allowing people to start preserving and building wealth. As you can see with El-Salvador acquiring BTC as a tender could save the whole monetary system, unlike Fiat keeping those in charge on top of things.
What will you do?
