While Fiat money is loosing value over time, because of the FED’s endless printing, the value of Bitcoin, in theory, will increase, making it the best ‘store of value’ asset.
https://i.pinimg.com/originals/7e/75/c0/7e75c0a93d883c704690f9eb417235fd.png
Bitcoin steadily meeting and being accepted as the characteristics of monetary properties.
I believe that Bitcoin and some other crypto’s can even the playing field.
This meme exemplifies my question to people when trying to explain why bitcoin is money, but the other people do not know what to say because THEY DO NOT EVEN KNOW WHAT MONEY IS. 4jqdoy|500x500
https://usnewsghost.files.wordpress.com/2014/05/bitcoin-gif-2.gif%3Fw%3D700
This gif perfectly demonstrates the difference between a centralized system and a decentralized system. I think this also illustrates the neutrality of the network as well.
It will not be easy to trick the future generations, they will know the difference between hard money and currency.
Bitcoin inflation rate will just continue to decrease, and thus its scarcity. Today, several publicly traded companies are starting to put some of their cash into Bitcoin as a mean to preserve value. Bitcoin price is very very very likely to continue to grow long run.
This describes the monetary policy of bitcoin in that it has a capped supply that can never be increased. The government like to fix the problems caused by printing money by printing more money, and we feel the consequences. This also demonstrates that bitcoin can’t be manipulated for personal gain.
In this meme i choose, you can see that Bitcoin is a store of value! in the years of Inflation, the value of currency shrinks and the things you can get for 1 BTC are exploding! Like the first Pizza to buy for 100BTC years ago! And now for 2020 you can get for 1BTC nearly 500 Pizzas! The question is: Has BTC become so much more value or is the currency fallen like crazy? I think BOTH heavely!
https://www.reddit.com/r/Bitcoin/comments/6yn8hs/the_difference_between_inflation_and_deflation/
It simple and becoming more widely known every day as people learn about inflation etc.
I love this meme because it highlights several aspects in one simple story:
- The inflationary characteristic of fiat currency
- The cliché comments of people still stuck in the old traditional economy and still not understanding what bitcoin is
- And the fact that Economics education in traditional school is now outdated and therefore, that we need all to complete our Economics knowledge by ourselves
Bitcoin reflects more true qualities and characteristics of money than any fiat monetary instrument or other representation. Money wont be counted in dollars in the future. It will be counted in BTC.
After taking this course, I wish I would have started learning about this years ago. I feel compelled to catch up as fast as possible.
The security of Bitcoin is so attractive to me.
Bitcoin has a store of value. Currency is worthless.