Contrary to what many people believe, the current monetary and financial system is very recent.
This experiment, unilaterally decided by Richard Nixon in August 1971, has celebrated its 50th anniversary in 2021. The current system is therefore relatively young.
The least that can be said is that this system, which is not based on anything tangible, has completely failed in its mission to stabilize the world economy.
Worse still, inequalities of income and wealth have continued to increase since 1971. The current system is therefore clearly failing. It allows a minority of people to become enormously rich by imposing unfair decisions on a majority of people.
At the center of the current system is the U.S. dollar.
The U.S. dollar has been the world’s reserve currency since 1920 and has reached the average life expectancy for a world reserve currency.
Many people question the possible end of the U.S. dollar’s hegemony in the years to come.
Many are aware of the limits of the U.S. dollar, but they point out that the U.S. dollar cannot lose its status because no credible competitor is emerging behind it.
These people think this way because they limit their field of vision to fiat currencies.
You have to look beyond these fiat currencies to understand that hard money that has been growing for more than 14 years now can be a credible alternative to the hegemony of the U.S. dollar in the future.
This hard money is Bitcoin.
Neutral from a political point of view, Bitcoin is a currency with absolute scarcity. There will never be more than 21 million Bitcoins that can be mined. Bitcoin’s monetary policy highlights the virtues of quantitative hardening.
While central banks have the power to print endlessly fiat money out of thin air, Bitcoin cannot be manipulated in this way. It represents a total paradigm shift from the current system. Bitcoin is much more protective of its users.
Bitcoin belongs to its users. It gives them a power that belongs to them by right, and which the current monetary and financial system has deprived them of for too many years now.
Buying Bitcoin is to vote against the current system and, above all, for a fairer world in the future.
I think there are (at least) 3 fundamental philosophical differences between Bitcoin and the U.S. dollar that make all the difference:
- Bitcoin gives you freedom, the U.S. dollar requires that you ask for permission.
- Bitcoin represents progress, the U.S. dollar represents stagnation.
- Bitcoin promotes fairness, the U.S. dollar promotes cronyism.
Bitcoin is a total paradigm shift from the current monetary and financial system where the U.S. dollar has reigned as the hegemonic king for 100 years.
Bitcoin gives its users the freedom they should never have lost. The U.S. dollar has gotten you used to asking for permission when the power is in your hands.
Rather than continuing to stagnate in a flawed system, you need to open your eyes to the progress that Bitcoin represents.
The fairer world that Bitcoin builds will put an end to the cronyism that the current system has always fostered.
By buying Bitcoin, you will be choosing to take control of your destiny for good.