The case for Bitcoin has never been stronger
Take a step back and look at the global economy from a macro standpoint, and you’ll notice fiat currencies are at the heart of our economic hardships. Not only does rampant money printing at the whim of governments essentially make our savings worthless, but centralised systems of banking networks mean those same worthless funds can also be seized at the will of governments — as recent examples everywhere from Canada to Russia have proven.
Fiscal mismanagement by those who we hold responsible for such decision-making have repeatedly plummeted economies of countries and the world into recessions. And now, thanks to a once-in-a-lifetime pandemic and a potential world-war III, we are staring down the barrel of an impending global recession once again with too much money chasing too few goods, and already out-of-control inflation further exacerbated by global supply chain woes. But whilst the next recession could be unlike any other in our lifetimes, so too will be the tools we have at our disposal to deal with it this time around. Bitcoin; born from the ashes of the previous recession, may finally realise the use-case for which it was originally developed. We have never been closer to the tipping point of mass adoption.
And if you’re still skeptical about the long-term implications of Bitcoin, it’s because you look at it from within the fiat-dominated, centralised, and fully non-digitised world we live in today. But it’s not hard to imagine a not-so-distant future where everything — including our currencies are digitised. And if some forecast valuations of bitcoin sound plain crazy to you, that’s only because you compare the price of bitcoin to a rapidly devaluing fiat currency to begin with. How can anything be worth a million dollars (or a hundred million dollars) a unit right? Especially something you can’t even see? But now imagine what happens when that conversion no longer applies? — when fiat currencies (including the US$) goes to zero and when bitcoin is no longer converted in other fiat currencies, but rather other digital-currencies are converted in bitcoin? We are on the cusp of a new global reserve currency — a new “digital” gold-standard. And the sooner you adopt its eco-system, the sooner you’ll see money that grows in value, not volume.
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