This is only the beginning of the awakening for the financial world, the OCC letter serves to generate confidence and in this situation of financial crisis, it is what is most needed.
Bitcoin decentralizes the banking system by returning the power to manage your own money in the hands of anyone who is willing to participate in the network.
However, what we can surely all agree on is that leaving your money in cash is a poor medium to long term move, assuming you want to retain some wealth.
She discovered that she can use bitcoin to top up people’s phones on bitrefill.com, and she can charge for this. For every 100 dollars she receives in bitcoin, she gets 120 CUC in cash from her friends whose phones she tops up. Ira is quite pleased that she has found a way to arbitrage the currency exchange. If she got paid via Western Union, she’d lose 15% of what the agency pays her. This way, she makes 20%.
“Competition is for losers.” – Peter Thiel
We are trading our time, which is strictly limited, for a money that can be printed out of thin air with no cost or effort. In no circumstances is this a good deal, so people started looking for alternatives.
Gold has always been mentioned as a safe asset and store of value. And it is. But bitcoin too, although much more secure and scarce. The only fundamental difference as a reserve value in the intrinsic sense is that the appreciation of both assets, which is very different according to their unique or technological qualities.
So you can watch preachy speeches based on misguided economics, you can whinge about inequality on social media and you can protest in a vain attempt at improving our current system.
Or you can put your money where your mouth is and vote for a better system altogether.
Vote 1 Bitcoin.
Making the right decisions requires not blindly following others, but having the ability to think for yourself.
Bitcoin is the best performing asset of the decade. It is uncorrelated to other asset classes, and it is still underpriced relative to the likelihood it becomes a widely adopted store of value.
Read this article from https://philjbonello.substack.com/ here: