Inflation

It's technology and not inflation what drives economic growth. If inflation was good we'd be celebrating right now and we are not

Gold

Gold's price is 90% due to its store of value capabilities. Its industrial use is minimal and could be replaced by other metals if it went too expensive

Banks

Banks are trying to join the crypto revolution because if not they'll be out of business. How this will pan out is not clear yet but I'm not fond of bank's stable coins

Fiat money

Fiat money is dead and even the FED acknowledges this. The fact they are preparing to launch CBDCs is proof. However, CBDCs are really bad for banks (it'll make them redundant) and also for personal freedom. Governments will force people to use them but most will try to find alternatives.

Progress

Progress advances despite government regulations in just a few countries. The rest of the world is stuck in poverty due to hyperinflationary currencies, corruption, and inefficiencies. Bitcoin fixes this and lets people keep working without artificial obstacles

Oil

Anything requiring cheap and clean energy is promoting renewables. EVs, and Bitcoin are pushing the green agenda

War

To fund a war $trillions are needed, no nation has that kind of money so they have to print it out. Remove Fiat money and 99% of war would be unaffordable

Miners

Miners make plenty of money from mining, transactions are just a plus. When Fiat money goes to zero people can either spend some Satoshis to eat or borrow against it and use it as collateral. Both transactions will keep the miners profitable

--

--

--

Author of ´Bitcoin For Mere Mortals´ available @Amazon. Subscribe and drop me a line and I’ll send you a copy for free, no strings attached.

Love podcasts or audiobooks? Learn on the go with our new app.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Alberto Guerrero

Alberto Guerrero

Author of ´Bitcoin For Mere Mortals´ available @Amazon. Subscribe and drop me a line and I’ll send you a copy for free, no strings attached.

More from Medium

Taleb, Lebanon, and Bitcoin

5 Reasons Why Bitcoin Will Defeat Banking

Bitcoin will become America’s ‘savings technology’: A lesson from Costa Rica

The Shocking Truth about Stock Market Crashes in the 80’s