Evolutionist,
Bitcoin is a mirror, where one sees it the way they see the world. Nothing made me realize that more than Bitcoin 2022, hosted in Miami this past week. Every presenter and attendee offered their own definition of what Bitcoin is, what it can do, and the future that it can bring.
Many of the very well-off, the “suits” that don’t have a real NEED for Bitcoin, see it as another financial asset or instrument that they can use to increase their wealth. They use fancy words like “digital real-estate,” “digital assets,” and “digital property” and treat Bitcoin like another line item in their portfolio.
However, Bitcoin is not a need but a LIFE RAFT for the less fortunate to desperate. It is the only money available to them when all else fails. Don’t believe me… just ask someone from Ukraine, Russia, Lebanon, Argentina, Nigeria, and so on. They have all turned to Bitcoin because the system has failed for them.
On Sunday, 60 Minutes aired a story on Bitcoin adoption in El Zonte, El Salvador. This little town, known as Bitcoin Beach, uses Bitcoin as a currency and exemplifies a circular Bitcoin economy. If you have a few minutes today, watch the video to see what the future looks like (link below in headlines).
To the moon!
El Salvador town embracing bitcoin as currency (60 Minutes Story)
“The stipulation was you can’t just convert it (Bitcoin) into dollars because they (the donors of the Bitcoin) believe that the actual usage of Bitcoin would be what would benefit the people.”
Mike Peterson - Bitcoin Beach, El Zonte, El Salvador
Bitcoin is officially a new asset class: Goldman Sachs
“Bitcoin is now considered an investable asset. It has its own idiosyncratic risk, partly because it’s still relatively new and going through an adoption phase.”
Mathew McDermott - Goldman Sachs' Global Head of Digital Assets
Currency: something (such as coins, treasury notes, banknotes, and now BITCOIN) that is in circulation as a medium of exchange. Currency is the primary medium of exchange in the modern world, having long ago replaced bartering as a means of trading goods and services.
READ 📚
The Bitcoin Standard: The Decentralized Alternative to Central Banking
The Fiat Standard: The Debt Slavery Alternative to Human Civilization
21 Lessons - What I've Learned from Falling Down the Bitcoin Rabbit Hole
The Blocksize War: The battle over who controls Bitcoin’s protocol rules
The Price of Tomorrow - Why Deflation Is the Key to an Abundant Future
WATCH 📺
Cryptopia - Bitcoin, Blockchains, and the Future of the Internet
Bitcoin: The End of Money as We Know It
Banking On Africa - The Bitcoin Revolution
LISTEN 🎤
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All evolutionists will receive a free digital copy of my upcoming book: title and release date set for Q2 of 2022.