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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." - Satoshi Nakamoto



In 2008, the world went through the worst global economic crisis in history. Governments around the world decided to bail out the greedy, failing, global financial institutions, only pushing the problem further down the road.
With the help of the United States Federal Reserve and other central banks, a controversial program called Quantitative Easing created trillions of dollars out of thin air ($4 trillion in the US alone). Free money is not free. This money comes at the expense of the average person who pays for this in rising prices.
Hence, your dollars have lost 85% of their value since 1970. And an ounce of gold has appreciated by 4,470% in relation to dollars.
US DEBT
Additionally, the entire global economy is built on the back of the US Treasury Bond. The interest on these bonds are often referred to as the "risk free rate". Meaning, the United States will always pay you back.
These bonds are held by people, organizations, and governments all over the world. This debt has reached a total of 20 trillion dollars. There are not that many dollars in physical existence. The annual interest on this debt is almost 300 billion dollars.
Fortunately, the US can never default on its debt. It's a law. But if you don't have the money to pay it back what do you do?
Print more money.
Unfortunately, this comes at the expense of you, me, and anyone holding US Treasury Bonds (devaluing our money). And since the entire world economy and most world currencies are backed by the US Dollar, this will happen world-wide as soon as the number of US Treasury buyers begin to dwindle down.
BITCOIN, A DIGITAL GOLD
Bitcoin is digital gold. And gold is almost "sound money". Meaning it is scarce, fungible, and durable. The problem is that gold doesn't move/divide well. Try paying someone in China for a shipment of goods in gold (too much time and too expensive/risky to ship). Bitcoin solves this issue of gold. Bitcoin can be divided into 100,000,000 pieces and sent anywhere in world instantly and for practically for free.
Just a century ago, and thousands of years before that, gold had a track record of being true money. In fact, the dollar was backed by gold until 1970. The dollar moves much better than gold, but it is not sound money because it is not limited in supply (hence the government abusing this property and racking up 20 trillion in debt).
A DECENTRALIZED CRYPTOCURRENCY CAN'T POSSIBLY FAIL
As more and more people continue to adopt bitcoin, its value will continue to outperform both gold and the US dollar (as it has already done so since 2009).
That's not to say that Bitcoin won't have ups and downs. With a new asset like Bitcoin, it's almost impossible for it to experience rapid 5,000% gains without avoiding the 30% - 90% demoralizing pull backs.
Bitcoin is not a get rich quick scheme. It's not easy to watch a $10,000 investment drop to $1,000, or a $10,000,000 dollar investment drop to $1,000,000, but the people that hold bitcoin in those dark downfalls are the people that give Bitcoin its value. Those are the investors that reverse the deadly downward trend and cause an ultimate much higher high. It's the beautiful repetitive process of boom and bust cycles that give Bitcoin is self fulfilling growth.
It's not a matter of if Bitcoin or another crypto currency will succeed, it's a matter of when.

Thanks for watching! If you want to learn more about Bitcoin, keep watching our YouTube channel. If you want to buy Bitcoin then look in the description below for a link to a reliable exchange, and finally, once you own Bitcoin, track your portfolio using our app called MoonRekt at MoonRekt.com

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