Is it worth the risk?
Bitcoin has been making headlines for several months now. The digital currency invented by Satoshi Nakamoto has become mainstream. The financial world is constantly talking about Bitcoin, which is considered by a growing number of people to be the best hedge against the great monetary inflation that we are currently experiencing.
This great monetary inflation is the consequence of the aggressive monetary policy pursued by the Fed since March 2020. More than 4,000 billion dollars have been printed out of thin air by the Fed since the beginning of the coronavirus pandemic.
Such an outpouring of money inside the monetary and financial system is obviously not without consequences.
The people who pay the first bill for such a monetary policy are always the same: the poorest people. The ultra-rich take full advantage of this situation, as the Cantillon Effect theories teach us.
Thus, since March 2020, the fortune of American billionaires has increased by more than 850 billion dollars. The incredible drop in the velocity of the M2 Money Stock over the same period confirms that all the money printed by the Fed ends up in the hands of the ultra-rich.
Many people still refuse to face this reality.
These people refuse to really take care of their money for the future by opting for the best solution to hedge facing this great monetary inflation: buying Bitcoin.
Some people think that if everyone is talking about Bitcoin now, but also that its price has reached $60K, then it is too late to come and buy some BTC. This reasoning might apply in the stock market, but it can’t apply with Bitcoin, which is a total paradigm shift.
I am not here to tell you to buy Bitcoin. Everyone has to make their own choices in life. I am simply here to alert you about the current situation and to make you think.
In any case, you may well choose to avoid Bitcoin. That’s your right, because it’s your money, and you have to make the choices you think are best. So you can avoid the reality, but beware as the philosopher Ayn Rand once said:
“You can avoid reality, but you cannot avoid the consequences of avoiding reality.”
Avoiding reality will not protect you from the consequences of avoiding reality.
In other words, you can choose to avoid seeing the great monetary inflation that we are now experiencing. But you will not be able to avoid the consequences of this great monetary inflation.
The nuance here is subtle, yet essential to understand.
By avoiding Bitcoin, you will be depriving yourself of the best solution to the great monetary inflation we are currently experiencing. In the future, you will have to pay the price for this choice. Indeed, your wealth in U.S. dollars will continue to fall ineluctably.
Between 1971 and 2021, the purchasing power of $1,000 has been reduced by more than 85% due to this endless monetary inflation. It does not even represent $150 at the time of writing. With the great monetary inflation that we are currently undergoing, the situation can only get worse in the years to come, unfortunately.
The fruits of your labor are going up in smoke before your eyes.
By buying Bitcoin, you are securing the fruits of your labor. Bitcoin has gone from a few cents in 2010 to $60K in March 2021. Those who put the fruits of their labor into the world’s most secure decentralized network have been able to protect themselves from the ravages of monetary inflation.
Better yet, they have protected themselves in a way that is resistant to censorship.
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Source: https://www.inbitcoinwetrust.net/you-can-still-avoid-bitcoin-but-youll-pay-the-price-in-the-future-61db57f9929c?source=rss——-8—————–cryptocurrency
