Bitcoin Has More Advantages Than Fiat, Gold, and Stocks While Giving You the Power and Freedom
I’ve been opting for Bitcoin for so long now that I sometimes lose sight of the fact that for most people in the general public, this choice is not as obvious as it is for all Bitcoiners.
The bull rally that Bitcoin has just experienced throughout November 2020 has led many people to ask themselves questions about Bitcoin again.
Bitcoin nearly beat its All-Time High on November 24, 2020, by reaching a price of $19,390. Many people had regrets that they were missing something.
The current Bitcoin price correction is an incredible opportunity
I explained several days ago that the Bitcoin price frequently undergoes significant corrections after this type of bull rally. It didn’t miss once again because a few days later, the Bitcoin price quickly dropped in a few hours to below $17K.
At the time of writing, the Bitcoin price is $17,029.
For those who thought they were too late when the Bitcoin price was above $19K, here is once again a huge opportunity to enter into the Bitcoin world. Unfortunately, I already hear some people saying that they are still waiting for a bigger correction to buy Bitcoin.
These people don’t seem to understand that it is this type of behavior that will prevent them from taking full advantage of the Bitcoin revolution.
You’re going to have to take action sooner or later if you want to achieve the essential goal of owning at least 1 BTC. It’s now up for grabs. Of course, the correction in the Bitcoin price may be stronger in the coming days.
The perfect time to buy Bitcoin is always now
Nevertheless, you cannot spend your life waiting for the perfect moment which is nothing but an illusion.
With Bitcoin, as with everything else in life, the perfect moment is the one you choose to take action. Buying Bitcoin for the first time is the essential first step that will totally change your future life when it comes to money.
Remember what Lao Tzu once said:
“The journey of a thousand miles begins with one step.”
Your journey into the Bitcoin revolution begins with this first purchase. This will allow you to put into practice everything you have read about Bitcoin. There is no substitute for practice in life.
Bitcoin is the best money in the world
Then you will see that Bitcoin is the best money in the world. Bitcoin is the best solution for making cross border money transfers quickly and securely.
Unlike today’s banking system which does not work all the time, Bitcoin works 24 hours a day, 7 days a week, 365 days a year.
Many people forget that because Bitcoin has so many qualities. Imagine that your brother who is traveling to the other side of the world needs money very quickly. It is Saturday night and it is 8 pm in Hong Kong.
You will have to wait until the beginning of the following week to be able to make a transfer order to your brother’s account in Hong Kong. With the SWIFT network, it will take between 2 and 5 days from the moment your bank has authorized you to make this transfer.
Indeed, your bank will ask you questions about this transfer. They will be all the more numerous as the amount you wish to transfer in the U.S. dollar is important.
However, this is money that you have earned through hard work. You thought it was yours, but you were wrong. Your bank and your government have the power to take it away from you or prevent you from making any transactions you want with it.
With Bitcoin, everything happens in minutes. You ask your brother for an address on the Bitcoin network. Then you enter your transaction, and off you go. In about ten minutes, your brother will have the money directly to his address.
No one will have been able to censor this transaction. These are your Bitcoins. You can see them to whomever you want. The transaction below, for example, sent 5,055 BTC for only $0.25 in fees:
This happened in Block 625,437 of the Bitcoin Blockchain. The current system does not allow you to do this so quickly, with so little fees, and without any request for authorization from the authorities.
Bitcoin is increasingly recognized as the best store of value
In 2020, Bitcoin’s greatest value proposition is clear: Bitcoin allows you to protect your wealth over time in a censorship-resistant way.
The mass adoption of Bitcoin as a means of payment or exchange will come after its mass adoption as a store of value.
This has been progressing rapidly since the beginning of the coronavirus pandemic which will be recalled in a few years as a tipping point for Bitcoin.
In recent months, more and more big companies have been making Bitcoin their reserve asset. Institutional investors are starting to prefer buying Bitcoin rather than gold to protect themselves from the great monetary inflation that we are experiencing.
PayPal will offer a service to buy/sell/use Bitcoin to all of its 346 million users from the beginning of 2021.
Bitcoin is becoming the first choice to protect its wealth in front of the gold, which was recognized for decades as the best reserve of value available.
The advantages of Bitcoin over gold are numerous. Bitcoin is scarcer, more durable, has greater divisibility, portability, and recognizability. The divisibility of Bitcoin is essential since it allows everyone to buy Bitcoin.
You can buy Bitcoin for $1. You can’t buy gold for $1. Bitcoin is the best store of value available to the greatest number. In the midst of the economic crisis of 2020, Bitcoin has proven to be a true safe haven.
Its price has increased by more than 100% since the beginning of 2020. And the best is yet to come in 2021. If you want to protect yourself from the endless monetary inflation that awaits us in the coming decades, you should buy Bitcoin. Period.
Bitcoin is the only true free market in the world
Some say they prefer the stock market. The problem with the stock market is that it is clearly not a free market, contrary to what some would have you believe.
The stock market is a manipulated market as we saw in 2020. The actions taken by the Fed since the end of March 2020 have created a real bubble on Tech companies.
While the real economy is still in great difficulty due to the second wave of the coronavirus pandemic, the Dow Jones this week broke a record above 30,000 points. Carried by Tech companies, the S&P 500 had surpassed its historical record as early as the beginning of September 2020.
The stock market clearly allows you to make money. Nevertheless, you are at the mercy of the Fed and its decisions. You know what is frequently said:
“Don’t fight the Fed.”
Everything the Fed has done has pushed investors into the stock market as I just told you. It is no coincidence that Apple became the first American company to surpass the $2T market cap in the summer of 2020.
It is also no coincidence that Jeff Bezos became the first man of the modern era to have a fortune exceeding $200 billion during the summer.
This stock market is therefore totally manipulated. You have the opportunity to be a part of it, or you have the opportunity not to play on the playing field of the Fed and the other people at the head of the current monetary and financial system.
It’s is by opting for Bitcoin.
Don’t Fight the Fed on Its Playing Field, Leave This Losing Battle by Opting for Bitcoin
You will never be able to beat the Fed under the current system.
Bitcoin sees its price increase over time. In October 2010, its price was $0.125. Today it is around $17K. In 5 years, it will probably be very close to $300K if not more.
Bitcoin combines the benefits of other assets by giving you the power and freedom
The incredible advantage of Bitcoin is that its offer is hard-capped at 21 million units no matter what. With the demand that will continue to grow in the years to come, its price can only increase very sharply if we stick to the principles of the law of supply and demand.
Bitcoin combines the advantages of fiat silver, gold, and the stock market while offering you power and freedom. Bitcoin is even better than all of these assets, as I have been able to quickly demonstrate in this story.
Bitcoin is the first step in the separation of money from the hands of the state. It means the hope of a return to good money in the words of Friedrich Hayek.
With Bitcoin, power in terms of money is put back into the hands of the people. It is something essential. Bitcoin gives you the freedom to live your life on your own terms. This is clearly priceless.
When buying Bitcoin for the first time, you must realize that your act is a vote for a better future. Better for you, and better for the rest of the world. This is another underestimated advantage of Bitcoin: it reconciles individual interests with collective interests.
What you thought was just investment will soon become a way of life. This is provided that you decide to become a Bitcoin HODLer aware of the crucial role it has to play in the Bitcoin revolution.
It is up to you to decide what you want to do for your future.