Why Cryptocurrency Is Real Money?

in cryptocurrency •  7 years ago  (edited)

Bitcoin hit an all-time high of $4769 USD today!

Some may wonder why. It is because 90% of the "printed" fiat money in circulation are counterfeit!

You see: for every $1 that is deposited into the banking system...$9 of counterfeit money can be loaned into existence.

These counterfeit currencies are usually labelled as credit, checks, fiat, or dollars.

All this fake money chase the same limited amount of goods & services causing prices to be bid up.

This is why we are experiencing price inflation.

So these banks don't care about negative interest rates because all this fake cash can be exchanged for real goods & services!

Just remember that whenever you deposit your hard earned money into the banking system: you no longer own it because the banking cartel will immediately loan out your equity to 9 other borrowers!

How to protect yourself?

Be your own bank with Bitcoin!

At first I believed that cryptocurrency only meant "anonymous" money.

Cryptocurrency is so much more!

Cryptocurrency means that it's a form of money that cannot be counterfeited or double-spent.

There can never exist more than 21 million Bitcoins.

Therefore: BTC can be defined as,"Honest Money".

This innovative & revolutionary fin-tech is known as the Blockchain Protocol.

Final thoughts: If You Don't Hold It. You Really Don't Own It!

Cheers.

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Quantitive easing will be the eventual death of fiat currency. It's not sustainable and will eventually fall! That's why cryptos and precious metals are so valuable in this day and age! Nice comparison :)

This is how I explain Gold&Silver to other Muggles: Precious Metals store sweat equity better than Perishables. Since we cannot eat Gold&Silver - we exchange PMs for Perishables. One Sweat Equity For Another. The Sweat Equity Market! Cheers @thefig !

I forgot to mention that I truly believe Bitcoin is Digital Gold.