Bitcoin is most of the time seen only through the prism of financial investment with hyper-attractive returns. Bitcoin has indeed been the best performing asset of the last decade, transforming $1 invested in 2010 into $90K at the end of 2019.
This return of +9,000,000% in a single decade is unprecedented in the history of investment:
The consequences of a system like Bitcoin on our society will be very vast. Bitcoin offers the same opportunities to all its users, and this is something revolutionary.
In emerging countries or countries under authoritarian regimes, Bitcoin is already a Plan A, allowing millions of people to protect their wealth from the hyperinflation that is ravaging the economies of these countries. Even better, Bitcoin cannot be confiscated as long as its users have the private keys associated with their BTC.
By purchasing Bitcoin, millions of people will be able to preserve several fundamental human rights:
- The right to privacy. Bitcoin’s pseudonymous network allows you to guarantee your privacy in matters of money as long as you do not reveal to anyone the addresses that belong to you on the network.
- The right to basic banking services. In Western countries, this right seems obvious to you. However, hundreds of millions of people in Africa have been excluded from the banking system since the beginning of time. Bitcoin gives them access to the best bank in the world: themselves.
- The right to security through encryption. This fundamental right guarantees the proper functioning of Bitcoin. Many government agencies wish to include backdoors in most online systems. Bitcoin protects you regarding money from the surveillance society that these companies want to establish for the world of the future.
- The right to freedom of speech. Since your Bitcoins cannot be censored, no one can pressure you to stop you from speaking as you wish. As such, a decentralized platform like Voice is essential to guarantee you freedom of speech in the face of social networks like Facebook or Twitter where censorship is becoming the norm.
- The right to save your money. Bitcoin is a savings technology. Bitcoin has a hard-capped supply. Besides, the issuance of new Bitcoins continues to slow down over time. Bitcoin’s monetary policy emphasizes the virtues of quantitative hardening. As time passes, new Bitcoins become increasingly scarce, which increases the value of the units already in circulation. With Bitcoin, you can opt for a low-time preference without the risk of seeing what you own lose value like the U.S. dollar.
If you live in a Western country, you may not yet need Bitcoin in your daily life.
You are just beginning to feel the effects of the great monetary inflation that began in March 2020. However, by buying Bitcoin, you support its revolution and allow millions of people in countries with devastated economies to have an alternative solution.
Buying Bitcoin is like voting to build a better world for the future. The day you understand this, you will see that it is your responsibility to support the Bitcoin revolution.
This is where Bitcoin makes a big difference to all existing systems. Indeed, Bitcoin reconciles the individual and the collective aspect. Buying Bitcoin benefits you as an individual, but also benefits all Bitcoin users.
Bitcoin is also unique because of this incredible strength.
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