The Truth About Bitcoin Millionaire

in bitcoin •  7 years ago 

Bitcoin millionaires are the outmost misunderstood millionaires on the planet. Many people would not consider them millionaires for the simple fact that bitcoin currency is not Fiat.

BUT THEY CAN CASH IT!

Yes, they can cash in however, many Bitcoin Millionaires are going for the... May I dare to say it? They want to turn their M into a B. They want to become Bitcoin Billionaires.

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Moreover, they want to change the way finance works in our current generation. Is this the end of FIAT?

Fiat started ending the day credit cards were created. All banks work with 1's and 0's... Which if you new the reality of money you would most likely get sick to your stomach, run to the bank close your accounts and put you money under a mattress and or a cryptocurrency.

Banks can lend (1) deposit 100 times over. For example: You deposit $100 at the bank. The bank now can lend up to 97% your money to Bob. Now Bob deposits the $97 in his bank account. The bank now can lend up to 97% of Bob's money. And this continues all the way down to zero. On average banks make 18% return on one deposit 100 times.

Bitcoin Millionaires want to end this reckless type of lending, because this increases inflation. And as you know inflation is not good for the economy. Cost of living and pricing goes up but, salaries don't.

In my fare opinion their are many Bitcoin Millionaires that are in it for the long haul and will continue to make sure that Bitcoin will succeed to put an end to the current financial institutions.

Sad to say, their are financial institutions that are ready to screw the system up. Not too long ago a Chicago based Futures company started Trading Bitcoin Futures on a Sunday. Sunday December the 10th to be exact. Why would they do this? To get a head start on the week.

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Let's hope the Bitcoin is the future of currency and it continues to thrive. I would love to live to witness a world of one instead of what we have now.

We are an evolved species and should start acting like it.

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