Bitcoin is going to change everything

I always try to write the thing that is on my mind that will spark a conversation in your life. I want to spark personal change in your life as many of the ideas I talk about have sparked change in my own life.

As I write this, few things are on my mind as heavy as Bitcoin.

I am not sure what you know about Bitcoin, maybe nothing at all. But as I write to you, Bitcoin is sitting just over 80,000 dollars. That is close to a 100% gain on the year, and nearly 500% since it’s last bottom following Christmas of 2022.

President Trump is going to be the first president to advocate for the inclusion of Bitcoin in the United States’ reserve assets. There are plans being passed around that the United States government will buy Bitcoin until they own about 5% of total supply.

Blackrock, the world’s largest asset manager, is a large supporter of Bitcoin and believes in a future where Bitcoin outpaces gold as a secure way to fight inflation. They are actively working on ways to tokenize everything, meaning every asset in our economy would eventually come to be backed by, and priced in, some sort of cryptocurrency.

There are large companies, like Microstrategy, who are leveraging their business to purchase Bitcoin, as they find Bitcoin is more valuable than the company themselves. Microsoft is voting on whether or not to include Bitcoin on their balance sheet. If they do, so will every other publicly traded major company.

You can decide for yourself whether this should be something you invest in. But, like it or not, Bitcoin is here to stay.

But more important to the price is the power Bitcoin has to work in hand with our debt based system.

Bitcoin vs. Debt

When I went to the grocery store before COVID, I never considered the price of the food I was buying. I did not make a lot of money, but I was making more than enough. Just a few years after COVID, I experienced inflation for the first time. I was making the same amount of money, but suddenly I had to watch what was being place in the grocery cart.

This was my entry into Bitcoin.

The government takes our money in two ways. They tax us and they inflate our dollar.

Taxes make sense, kinda. But every part of our system is taxed, constantly eating away at the dollar we earn. But at least we can see our taxes.

Inflating the dollar is infuriating. When the government does not have the income it needs through taxes, they decide it best to print more money. The weakens the purchasing power of the dollar.

It matters to me because I see how much the government wastes. For example, the government spent 42 billion dollars for rural internet infrastructure and not a single person has been hooked up to internet yet.

Our government does do things I support, but they also are prone to waste with no consequences. I do not have that sort of luxury in my own life.

Bitcoin is a way to opt out of this waste. It is decentralized, uncontrolled by any entity. It is monetary mathematics. It would force fiscal responsibility on our governing leaders. It is a more transparent system of exchange. It is cheaper to use than other forms of exchange. It is the most secure system of exchange in the world.

For those reasons and many more, I think Bitcoin is going to change money. And I think it’ll change the world for the better.

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