BR #33: Why 160 instead of 1?
Nov 19, 2023
(1-minute read)
Today we have ~160 centralized global currencies.
In the coming decade, we will move to using ONE decentralized global currency.
Why will it be the ONE global money?
Because Bitcoin is the best money.
And it makes zero sense to have 2 moneys.
Think about it for a moment.
Does it make sense to have two currencies in your country?
USD_a and USD_b?
EUR_x and EUR_z?
No, right?
You don't have to be a rocket scientist to see this is a stupid idea.
Having two currencies will only make life more complicated for you and everyone else in your country.
Then I have a follow-up question:
Why does every country have its own currency?
Currencies complicate trading, traveling, and planning.
There is a reason why:
- 51 US states use one currency.
- 20 EU countries use one currency.
Why not have one global currency?
One currency will make trading, traveling, and planning easier.
And that is sort of what has been happening in the past 50 years.
USD has become the defacto global currency.
But USD is a weak currency.
As I have discussed before USD is an easy currency, that consistently leaks value.
Bitcoin, on the other hand, is the hardest currency, that consistently gains value.
Over a long enough time period every human will choose BTC over USD.
Just like folks in Turkey, Argentina, and Cuba choose USD over local fiat shitcoins.
Humanity will eventually use one money.
That one money is Bitcoin and it is already available to everyone.
The knowledge about it is not evenly distributed.
The transition to the ONE money will accelerate exactly after 5 months.
On April 18, 2024, Bitcoin's halving earthquake is expected to happen.
Make no mistake, Bitcoin's price measured in USD, EUR, and all other fiat will grow.
Thus the halving will once again redistribute wealth from traditional asset holders to Bitcoin holders.
The best time to understand & accumulate the world's one future global money is now.
Talk to you next week!
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