As of today, one Bitcoin is worth over $108,000. That means if you bought one Bitcoin when its price was $1, you would be holding well over $108,000. Bitcoin continues to appreciate, while fiat currencies, such as the US dollar, are experiencing rapid devaluation. Its market cap is also growing at a breakneck pace. Something that began in 2008-2009 has already become the 9th most significant asset in the world. Bitcoin remains highly volatile, which makes many skeptical about its future; however, its volatility is decreasing as it becomes a larger global asset.
Fiat, on the other hand, is losing very fast. Some currencies are losing up to 50% of their value every year as central banks continue to print trillions out of thin air to finance warfare and welfare. People are scrambling to find and get hold of better stores of value. This is the reason why Gold, silver, other precious metals, and precious stones are becoming increasingly expensive day by day. Many people are seeking refuge in value stocks. Government bonds are also losing value, and interest rates are rising despite central banks’ efforts to keep them low.
The value of Bitcoin lies in its particular qualities. The founder and creator made it impossible to create any more than 21 million coins. This minimal supply is in sharp contrast with the fiat currencies. Additionally, it is a distributed software with no central control or command. This means that no one would ever be able to increase its supply beyond the limit set by its creator. With fewer and fewer coins left to be mined, the mining process is becoming longer and more challenging. Thanks to the rapid improvements in hardware, the process remains relatively straightforward and manageable.
On the other hand, central banks remain largely unregulated despite widespread price inflation worldwide. The governments have become so large and expensive that attempts to cut spending go in vain. It appears that making governments smaller and less costly is quickly becoming an increasingly difficult task. There is way too much money going to the strong and influential cronies. Elon Musk came with the resolve to make the government small, but he, too, turned out to be a pussy. Washington ate him as well. He has had minimal success. Compare it with President Tyler’s cuts, which were approximately 44% of the federal bureaucracy, and those of Andrew Jackson, which reached up to 50%. What Musk has achieved so far is not even a fraction of a penny.
Another essential feature of Bitcoin is its incredible portability. A transaction, even if it involves billions, occurs in seconds and is closed within hours, regardless of the distance to the other side of the world. There is no middleman involved. The software takes care of everything. There is no bureaucracy, no banks, and no endless settlements. Everything gets settled in hours instead of days and even weeks in the case of Fiat and even longer in the case of Gold. Ever-increasing value, limited supply, and ease of transactions make Bitcoin the best money ever.
At the same time, the field of politics and government continues to become increasingly dirty. As people become increasingly civilized, public opinion is rapidly shifting against wars. It is becoming increasingly difficult to initiate, sustain, and afford wars. So, governments are resorting to indirect warfare, which includes sanctions, restrictions, and so-called money laundering laws. Ross Ulbricht, who was imprisoned for more than two lifetimes for facilitating trade, recently received a pardon from President Trump, but Bitcoin remains far safer and more transparent.
You must have heard the word ‘unbridled’ frequently used in connection with capitalism. Capitalism is a free and voluntary system. So, it must remain unbridled and free of coercive interventions. However, the reality of today’s world is that the involuntary and coercive systems of governments are becoming increasingly unbridled. A recent example is seen in shutdowns and lockdowns. Without any scientific evidence, governments imposed lockdowns and shutdowns. It destroyed economies, businesses, and families. People died because they could not get access to care, isolation caused serious mental health-related issues, and suicide rates skyrocketed. Mandatory vaccination showed little benefit while seriously injuring many vaccinated individuals. Yet, no one was allowed to question anything.
People are realizing that freedom from government coercion is becoming increasingly essential. If this can happen in the bastion of liberty, then who can blame Communists, Socialists, Fascists, Nazis, Dictators, and military regimes? Any little excuse can now be used to suspend and discontinue any natural right just because fascists know your right from wrong more than you do yourself and better than nature itself. Taxation, inflation, and regulations are already taking a toll. Governments are getting bigger, more powerful, and more coercive.
The recent advent of absolute fiat greatly accelerates this ever-growing wave of rapidly increasing government power. With worthless paper money in hand that is not backed up by anything valuable like Gold, only the sky is the limit on government spending, notably if your currency, i.e., the Dollar, replaced gold in reserves. Without this shield provided by the status of the reserve currency, any other currency would become worthless long before reaching the spending level of the US government. Zimbabwe, the Weimar Republic, Venezuela, Argentina, Rome, Turkey, and countless others in human history have faced the consequences of unlimited government spending. Debasing money to fund warfare and welfare has led to the downfall of almost every major empire in human history.
Bitcoin is the light at the end of the tunnel. Taking away the government’s control over money is like cutting the wings of a bird. We must tackle the foundations of evil and dismantle it as a whole. Taking away the power to print money is like taking away the power to steal. Monetary inflation and taxes steal from people, especially the poor, like nothing else. This is what governments are using to buy everyone and everything. They steal money from you and use it to keep you enslaved. This is the foundation on which the entire mansion’s brutality stands.