Why Bitcoin Is The Ultimate Savings Mechanism

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3 years ago

Cash Is For Spending

It is a logical assumption that one would want to spend a currency that is devaluing and save in one that is appreciating. No matter where you may find yourself in the world, your local currency is losing value at an accelerated and consistent rate. It is not a case of perhaps it may devalue but rather a certainty that comes with a 100% guarantee. Governments are not threatened by Bitcoin because it is rising in value but rather because those who actually understand money have realized a very important aspect regarding Bitcoin! It is structurally way more superior to any government issued currency and has a built-in guarantee of long-term security and wealth preservation. The fact that the dollar has lost 97% of its purchasing power since inception is a glaring confirmation that as a savings tool it is absolutely useless. As Robert Kiyosaki has said on multiple occasions, people saving in cash are losers.

This is not a personal assault but a given truth because the unit in which they are saving in is losing value, making them losers. A lot of people attack Bitcoin's volatility, which is rather foolish, as the whole objective of saving is a long-term preservation of wealth. If I am saving for retirement then I am not concerned about monthly, or even annual price action. All that matters is that years down the line, my wealth has increased and not diminished. Uneducated opinions are worthless, even destructive, which is why it is of vital importance to extract accurate information when it comes to this market. There are many offering advice and opinions that have zero credibility in this space.

I don't care if a guy is a Wall Street Trader, or even a hedge fund manager. Does he have experience in the Crypto space? Furthermore, has he conducted meaningful research prior to offering advice about an asset he knows little to nothing about? 

One thing that impressed me about Paul Tudor Jones and Michael Saylor is that both conducted extensive research prior to making an investment move into Bitcoin. This is what a logical and sound minded person does! People that project a biased propaganda regarding Bitcoin are to be avoided. If anyone is to present what may be perceived as a biased opinion, he needs to at least have it based on information and data. Without data and information to backup his view, he is merely speaking wind to the wind. 

Looking back over the previous 12 years, Bitcoin remains constant in achieving long-term price appreciation, even taking the current price action into account. I would encourage you not to believe anything I say but rather conduct your own research and let the data speak for itself.

What Makes Bitcoin So Great?

Whether or not ETH actually flips BTC in the future is actually inconsequential. Even with ETH incorporating a deflationary model, it is not a guarantee like the Bitcoin halving is. Bitcoin has coin issuance and supply certainty, while with ETH, it is anyone's guess. I am not against ETH in any way and many of my readers will know that I actually hold more ETH than BTC. However, with predictability comes larger investment. Significant capital always looks for as much certainty and predictability as possible, which is why BTC has a long-term guarantee of institutional investment. ETH will obviously capture many larger investors but I still believe that investors will ultimately seek more exposure to BTC than ETH for the very reasons I have mentioned. In many of my earlier posts I have mentioned that the reason why my ETH holding is actually larger than my BTC holding is due to my passive mechanisms.

I have structured mechanisms that earn BTC for me every minute and every hour of everyday. This ensures me that my BTC holding will grow over time without actually having to purchase it. That being said, I even have dedicated wallets for specific streams. This way I have guaranteed an ever increasing BTC holding, where certain projects fill up certain wallets, providing multiple BTC reserves over time.

Halvings will most likely see the gains reducing over time but I still believe that due to the design, halvings will continue to produce price appreciation. Currently the BTC block reward is 6.25 BTC and you may be surprised to hear what the block reward will be when the final Bitcoin is mined in 2140. The final block reward is projected to be in 2140 at a rate of only 1 satoshi. How much will 1 satoshi be worth if it is significant enough to be a reward for mining a BTC block. Imagine miners picking up 1 satoshi per block at current prices.

Meditate on this for a while and begin to consider where BTC is actually headed long-term. Blockchain is an amazing advancement but Bitcoin's monetary design within the blockchain is even more impressive. Never has there been a more superior form of money/value preservation.

This is the brilliance of Bitcoin! Not speed, scalability or any other dynamic. It is the shear brilliance of a guaranteed increase in value that requires time in order to be triggered and experienced. Don't fall for the "too slow" and "outdated" narrative that gets pushed by altcoin lovers, who will say whatever they need to say in order to see their beloved coin moon. BTC has the track record, the history and the market cap to validate dominance. 

I would like to remind readers that the opinions expressed in this article are my own and not investment advice. Please follow the correct course of action before entering any investment and consult a professional if you believe your own research is not significant or requires further scrutiny. Thanks for reading, see you in the next one!

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3 years ago

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CASH IS FOR SPENDING.

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