Bitcoin cash as Economic freedom for all
The mainstream media has been known to sensationalize and hype every new cryptocurrency. This long overdue crash is long overdue, and we should be glad that it finally took place.
Cryptocurrencies are a good thing in a lot of ways. It can help people who can not access or do not have access to traditional banking services. It can be used as a store of value and transfer of value instead of a just a currency and currency.
Cryptocurrencies are also highly volatile and risky and not suitable for the vast majority of investors; these assets have grown significantly over the last few years and can cause significant losses for inexperienced investors.
What has been missing is the education for the average investor how to properly invest in cryptocurrencies. The mainstream media has misled many investors into believing that investing in cryptocurrencies is easy and their returns are high, this is simply not true.
This recent Bitcoin crash is a good thing because it's going to bring attention to this new asset class, and hopefully we will educate investors on how to invest in these assets while protecting their assets from significant losses.
The Five-year anniversary of Bitcoin cash is coming, 5yrs as been successful one for BCH. In the past 5 years, we have been able to see how the free market is able to solve for problems. The rapid rise and fall of Bitcoin cash was a direct result of actions by the market rather than the government.
Many are living in poverty and can not afford to buy a house or if they earn enough money to make a down payment, many are stopped by the banks. People who live in favelas and slums do not have access to a bank account.
This is where Bitcoin Cash and digital banking can help to break the shackles of poverty and allow economic freedom for all.
When the people of Venezuela and Zimbabwe turned to Bitcoin Cash, their freedom was restored. Many others who are living below the poverty line have had their lives changed and are now living with dignity. No longer do they have to worry about being homeless as they can earn enough money to pay rent while they continue to build their business. The blockchain has given them hope and a means to follow their dreams.
The more people we educate on the use of Bitcoin Cash, the more lives we change. Freedom is priceless so let's ensure no man, woman or child is denied of their own freedom due to lack of financial resources.
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