No African needs permission to buy and hodl Bitcoin. Simply recognize how the ‘leaders’ in the continent have exploited the fiat based legacy financial system to enslave you thus opt out through Bitcoin.
This report makes the case that the 21st century emergence of bitcoin,
encryption, the internet, and millennials are more than just trends; they herald a wave of change that exhibits similar dynamics as the 16-17th century
revolution that took place in Europe.
Bitcoin achieves the unit of account (UoA) status for everyone globally while simultaneously becoming the most desirable asset to own. Which only encourages more people to continue using it as their store of value (Sov) and medium of exchange (MoE).
Bitcoin-backed US dollar loans may be a good option for those who have held bitcoin long-term, have a relatively low tax basis, and need access to dollars. As bitcoin becomes a larger share of an individual’s overall assets, many holders would like to improve their lives by accessing the liquidity from bitcoin gains.
As the overplayed adage goes, “where there’s a will, there’s a way.” Throughout history, governments have identified emerging threats and sought to eliminate them through heavy-handed bans, or regulations so stringent that they are effectively bans themselves.
“I think that Bitcoin (and some other digital currencies) have, over the last ten years, established themselves as interesting gold-like asset alternatives, with similarities and differences to gold and other limited-supply, mobile (unlike real estate) store holds of wealth.”
The American legislature must let the American dream flourish and extend its power to Bitcoin, or it will be compelled to obey the law, and this has started to happen.
Investors who wish to add an exposure to Bitcoin in a traditional investment account, such as a retirement plan or a cash account, may do so indirectly by buying publicly listed stocks of companies involved in Bitcoin.
Future generations that are free to transact globally, instantly and securely with a money that’s always on and incorruptible will look back on this period of fiat history and wonder how some could’ve ever been stupid enough to think that Kelton economics, in which 2 + 2 = 435, would last.
Hopefully I have demonstrated, at least in part, that if we were to take the best aspects of traditional psychotherapy and modern psychological science to design a money that is compassionate, healing, and equitable, which promotes the best opportunity for human well-being and optimal psychological functioning, then Bitcoin is that money.