What is Bitcoin all about?
This post has come about because the Iolanda: Menino asked me “What is bitcoin all about?” For the Iolanda saw that I have invested in Bitcoin and she could see my investment has gone up in value since.
What is Bitcoin?
Bitcoin is a decentralized digital currency that you can buy and sell without the need for the Central Bank system and I love that!
If you know the history of the Bankster-Banking-families and the Bank for International Settlements (BIS), you will know the Central Bank System all over the Earth has been harvesting men’s and women’s wealth for hundreds of years through the use of fiat currencies.
Bitcoin has been built on cryptographic proof rather than trust.
I can send bitcoin to somebody even if I don’t know or trust that man or woman. I can send Bitcoin to a man in the middle of a jungle. Soon I will be able to help my friends in Africa, quicker than the systems used today and without losing money to the middlemen. With fiat currencies there is always a middleman taking a cut, Bitcoin removes the middleman.
There will only ever be 21 million coins mined in total. On a daily basis, 900 Bitcoins come about through Proof of work, with +/- 2 million still waiting to mine since the day of writing this article. This limitation, this scarcity will continuously push up the price as more people want it.
What is Bitcoin for?
Bitcoin may have been created as a currency to buy things but as of 2021 in my opinion, Bitcoin has become a store of value, somewhere investors can store their money. People could call Bitcoin Digital Gold.
What could you do?
Change the devaluing fiat currencies into digital gold. Change your savings into digital gold. Change your wealth into digital gold and watch your wealth/savings grow.
THIS IS NOT FINANCIAL ADVICE – PURELY FOR ENTERTAINMENT ONLY 😉
:Iolanda: Menino and myself had an unplanned chat about Bitcoin. Watch the video here: