Will Bitcoin be the Future?

We have been living through unprecedented times over the last few years. The world is rapidly changing, The strongest countries are becoming weaker. Debt and money printing have seriously taken over. We have turned into a society of people who immediately expect what we deserve, rather than working hard for it. And then there is AI, something that will revolutionize the world. But will also cause a mass loss of jobs, and perhaps danger beyond that. The world has become a place where having opinions is frowned upon. With that said, there is one thing that we can all agree on. The world is changing and evolving so quickly that in order to survive and prosper we must all adjust as well or risk getting left behind.

You might be wondering, how does Bitcoin relate to all of this?

To understand we must first take a look at the past 70 years in years and see how products or services have been revolutionized. Cars have become electric, TVs have become flat screens with incredible picture quality, and dial-up phones have become smartphones far stronger than initially sent the first people to the moon. Nearly every foundation of society and technology has drastically improved during this time with only one exception; money.

Historically gold was the preferred means of preserving wealth, but it had one problem. It was very difficult to store and use for daily transactions. This brought the advent of paper currencies that were backed by gold. Paper money was much easier to hold and transact with on a daily basis. But as always, humanity’s weakness of greed got the better of them. They eventually removed the assets backing their money creating fiat currency. This allowed them to print as much as they wanted. While this allowed prosperous times as we have never seen before. It also kept increasing debt, a check that eventually must be cashed.

However, Bitcoin is the perfect solution as not only a better gold but also a better money. While the total gold supply is unknown and more is being found every day. Bitcoin, on the other hand, has a max supply of 21 million with a known inflation schedule. The scarcity goes a step even further when you understand the fact that millions of Bitcoins have already been lost forever.

Bitcoin is also arguably a better currency as well compared to fiat. It cannot be printed on demand, and our wealth will not be inflated away. It is inconfiscatable if self-custody has been taken properly. You are able to take your entire wealth with you in your pocket at a moment’s notice. People in Ukraine learned this lesson the hard way when they were forced to evacuate their homes at a moment's notice. Taking only what they could carry, and leaving most of their wealth behind.

While transactions on Layer 1 Bitcoin are slow and expensive, this can easily be solved by using Lightning. If Bitcoin does go mainstream, this is the only layer of Bitcoin that most will ever interact with. The only thing that physical fiat currency has over Bitcoin is that transactions are more private. But with currencies around the world moving to CBDCs, this will soon no longer be the case.

If the entire world has been evolving, progressing, and innovating. We should expect that to happen to Bitcoin as well. We must only ask the question; do you want to sit back and play catch-up after the largest transfer of wealth has already occurred? Or, do you want to be a part of that world-changing event?