You May Not Realize It Now, but There Is No Alternative to Bitcoin for Your Future

Whatever the question, Bitcoin is the answer.

Sylvain Saurel
Nov 29, 2020 · 6 min read
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Image: Pixabay

Bitcoin is a true monetary revolution aimed at building a better world for as many people as possible in the future. A revolution such as Bitcoin only happens once in a generation. Bitcoin gives an equal opportunity to all its users.

You’ve probably heard it all before. I could go on and on for hours. I could write a book about Bitcoin, its why, the issues it addresses, but most of all the better world it will build in the future.

However, this might not be enough to help you understand that Bitcoin is essential for your future.

The current monetary and financial system is flawed and not fixable

Sometimes it is better to return to simplicity. This is what I will try to do in this story so that you finally understand that there is no alternative to Bitcoin for your future.

Sooner or later you will end up embracing the Bitcoin revolution if you don’t want the current monetary and financial system to drag you into its collapse.

It is only a matter of time. Of course, those who embrace the Bitcoin Revolution first will be the most rewarded. Those who have supported the Bitcoin Revolution before others will benefit the most.

The current monetary and financial system is suffering from seven capital sins that will lead to its collapse:

  1. Infinite monetary inflation
  2. Ever-growing debts
  3. An opaque and corrupt banking system
  4. Market manipulation
  5. Censorship
  6. A system that doesn’t evolve
  7. The U.S. dollar as the hegemonic reserve currency

Of all these sins, the unlimited monetary expansion permitted by the present system is the original sin from which all the others came.

Endless monetary expansion is an unsolvable problem for your wealth

The M2 Money Stock, which represents the circulating money supply of the U.S. dollar, has just exceeded $19T. This means that 20% of all dollars in circulation were printed out of thin air by 2020.

This has allowed the U.S. government to exponentially inflate the U.S. public debt in that year. U.S. public debt has already exceeded $27.2T at the time of writing.

What is worse is that a new stimulus plan is being discussed between Democrats and Republicans that should bring the U.S. public debt closer to $30T.

Over the year 2020, the world debt has increased by $15T. It will reach $277T by the end of 2020. Some will put this solely on the account of the coronavirus pandemic that the world has been facing since March 2020.

If this pandemic, of a magnitude not seen in decades, has made things worse, the problem is much deeper. From 2016 to 2020, the global debt will have increased by $56T. This is ten times more than in the previous four-year period from 2012 to 2016.

The situation will only get worse as central banks and governments still apply the same flawed policies

The situation continues to worsen as central banks and governments of the major economic powers apply as a remedy what is at the root of the economic crises that keep recurring every 10 to 15 years.

The problem is that each time the magnitude increases. If tens of billions of dollars had been enough to postpone the resolution of the real problems in the 2008 crisis, we are speaking in trillions of dollars in 2020. At the next crisis, we may well move to the next unit: the quadrillion.

I guess that doesn’t ring a bell, so I’m going to write it down. Here is a quadrillion dollars written in numbers: $1,000,000,000,000,000.

More than 60% of the circulating U.S. dollar have been printed since the subprime mortgage crisis in 2008:

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M2 Money Stock Evolution

The seriousness of the situation continues to accelerate.

Coronavirus pandemic will soon be defeated, but a more dangerous enemy arrives

Since mid-November 2020, we have begun to hope for a favorable outcome in the year 2021 regarding the coronavirus pandemic. Indeed, several vaccines that are more than 90% effective against the coronavirus will soon be on the market.

Within a few months, the coronavirus pandemic could therefore be behind us.

When that happens, an even more dangerous enemy will return to the forefront: the global debt I mentioned earlier. This debt amounts to $277T, or 365% of the world’s GDP. Even at the end of the Second World War, financial commitments had not reached such a level as a proportion of GDP.

The Institute of International Finance (IIF) does not mince words when it talks about the “tsunami of debt”. This is indeed the reality of the world in 2020, but it is always more impressive when an institution like the IIF says it in such a brutal way.

Several countries have already gone bankrupt in 2020. Others will follow in the coming months. The current situation is not sustainable over time. In the end, it is the people who will suffer as always from the flaws of this monetary and financial system that let a few corrupt central bankers and politicians make decisions that impoverish the greatest number.

While the ultra-rich Americans have seen their fortunes increase by $1T since the beginning of 2020, the poorest citizens see their living conditions become a little more difficult every day. Many can no longer live, but only try to survive.

Bitcoin is the solution to the flaws of the current system

With the current system, you are doomed to slowly but surely become poorer in the years to come. There is nothing you can do about it. As long as you choose to stay within this system, you will have to play by the rules of the game set by the Fed and other central banks.

You may not realize it yet, but sooner or later you will realize what I have just told you. At that time, you will be happy to realize that there is a solution that will allow you to regain control of your life.

This solution was made public on October 31, 2008, by Satoshi Nakamoto in a white paper that has become legendary. Of course, you understand that I am talking about Bitcoin here.

Bitcoin marks the return of good money. Friedrich Hayek said the following in the mid-1980s:

“I don’t believe we shall ever have good money again before we take it out the hands of governments.”

Bitcoin is the real signal, everything else is just noise

Bitcoin can be seen as the realization of Friedrich Hayek’s dream of a return to good money. By separating money from the state, Bitcoin gives control back to the people. Bitcoin is the money of the people supported by the people.

Here again, I will get straight to the point rather than explain all the advantages of Bitcoin over fiat money, gold, or the stock market.

Bitcoin exists in finite quantities. There will never be more than 21 million BTC in circulation. Thus, Bitcoin offers you an incredible guarantee:

1 BTC of 2020 will still be equal to 1 BTC out of 21 million in 10, 20, or 50 years.

This is something that the U.S. dollar, and other fiat currencies, will never be able to guarantee. When you look at the evolution of a $1,000 purchasing power since 1971, you realize that it’s even the opposite. The $1,000 of 1971 represents a purchasing power of only $150 in 2020.

By choosing the American dollar, you are choosing an assured impoverishment.

Conclusion

With Bitcoin, you choose to preserve your wealth. Better yet, Bitcoin gives you total control over your wealth. In fact, as long as you own the private keys associated with your Bitcoins, no one can confiscate them or prevent you from using them as you wish.

Bitcoin is the solution that you will eventually adopt sooner or later to protect yourself from the programmed bankruptcy of the current system. More than a get rich quick scheme, Bitcoin is a necessity to protect your future regarding money.

The real signal is here. Everything else is just noise. It’s up to you to be perspicacious enough to see that signal as soon as possible.

In Bitcoin We Trust

In Bitcoin We Trust is a place where Bitcoin believers…

Sylvain Saurel

Written by

Entrepreneur / Developer / Blogger / Author. In Bitcoin We Trust: https://www.inbitcoinwetrust.net

In Bitcoin We Trust

In Bitcoin We Trust is a place where Bitcoin believers share their ideas about the upcoming revolution. Blockchain and cryptocurrencies are also covered in this publication.

Sylvain Saurel

Written by

Entrepreneur / Developer / Blogger / Author. In Bitcoin We Trust: https://www.inbitcoinwetrust.net

In Bitcoin We Trust

In Bitcoin We Trust is a place where Bitcoin believers share their ideas about the upcoming revolution. Blockchain and cryptocurrencies are also covered in this publication.

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