I was just as shocked as anyone watching the price of crypto fall to very scary levels.
Bitcoin literally fell 50%. How did so many remain calm as their wealth evaporated almost overnight?
They saw the bigger picture...the picture of financial freedom. Freedom from printing presses making money out of nothing.
But more importantly, freedom from valuing their crypto in fiat.
"This is how much your BTC is worth in USD". As if the fiat is somehow superior, and peer to peer digital currency is simply Chuck-E-Cheese tokens.
Those of us who understand what Bitcoin, and Bitcoin Cash, and Dash, and Cardano REALLY is, will not care about the "dollar" value. But since that is all the majority of americans, and others around the world know, it helps them sleep at night.
So the dollar value of Bitcoin tanked, but the real value of Bitcoin isn't measured by fiat. It's measured by what it can do, and has done.
It's measure is that of computing power, and algorithms, and (maybe some day) proof of stake...if everyone can come to a consensus.
But if not, it will still be better than any fiat currency.
Let's make sure that we are on the right side of history, concerning digital currency. Because when the fiat system fails, crypto will be there for folks to start valuing their other assets by it.
"Hey Larry, how much is your house worth?"
"6.2578 Bitcoin Cash."
Just wait until the fiat system burns...it will be an epic time...
Adieu!
