This phenomenon called BTC
According to many experts, both the work of Satoshi Nakamoto, the famous Bitcoin (BTC) and its blockchain are the equivalent of the current century to what Gutenberg's greatest work, the printing press, did in the Middle Ages, both being inventions that caused disruptive moments that forever changed the history of the human species. It seems incredible that BTC, in so few years, has managed to shake the foundations of the world economy through the use of technology as a method of breaking with the old fiat model, led by the U.S. dollar.
After half a century of applying the fiat model as Richard Nixon's decision to separate the dollar from the gold backing, the Federal Reserve (FED) has taken the power to issue as much money as it deems convenient to free the world since it does not need an equivalent in precious metal as a way to give value to this currency, it is enough to rely on the largest economy in the world. But this constant printing of money has led everyone in this world to rely on debt as a means of obtaining resources to escape poverty, but it does nothing but intensify this problem.
It seems crazy to try to leave poverty behind by taking on more debt, it is like watching a snake trying to swallow its own tail, deep down you know it will get nowhere by doing that, yet institutionally it keeps trying to bite the back of its body for no reason. When we use credit cards to solve our economic problems, we are doing the same act as the snake. Perhaps out of instinct or in the absence of any other option, we generally bend our knees before the world's great dictator: the bank.
For the creators of this horrible economic engineering the way is simple: they through the FED and the Central Banks, create money through infinite emission, then their accomplices the bankers receive these currencies almost for free thanks to the low figure of interest rates, then these millions of dollars per second are distributed among the rich and powerful (you know, the Jeff Bezos or Elon Musk of the world) who immediately acquire shares (rather buy back those of their companies) or assets that are revalued over time. Unfortunately little or almost none of this cash flow reaches the majority, who are forced to feed this endless cycle with more debt.
For the creators of this brutal economic engineering the methodology is simple: they, through the FED and the Central Banks, create the money through constant printing or issuance, then their friends the bankers buy this currency almost for free, judging by the low interest rates, then these millions of dollars per second are distributed to the rich and powerful who immediately acquire shares, art, yachts, luxury cars or goods that increase in value over time. At the same time, little or almost none of this flow of colored bills reaches the majority, who are forced to resort to debt as an extreme measure to face the crisis.
Those of us who know what it means to suffer the rigors of a fiduciary regime know that at some point this money party where a few win and the vast majority loses (like a great Ponzi scheme) will come to an end at any moment. So, is the BTC the hero capable of defeating the fiat model?
By its constitution, BTC aims to establish a new decentralized financial paradigm, free from manipulation by governments, states, banks or institutions, allowing the citizen through the use of its technology to make commercial transactions without intermediaries, totally secure and anonymous, making it impossible for their financial data to be hijacked or sanctioned by the centralized regime. BTC is more than a financial phenomenon, it is social, accessible to anyone anywhere in the world. That is why BTC has very powerful enemies, especially banks and governments that threaten to regulate decentralized digital currencies as a way of safeguarding citizens' wealth from cryptocurrency price fluctuations.
Although BTC as an investment is presented as a high risk value due to its quality of rising and falling price, many times uncertainty marks the fate of this cryptocurrency and those who own it are aware of this behavior, but it is a risk that with intelligence can be assumed as a step to obtain wealth through financial speculation. Specifically, it is one of the many ways to give value to the main cryptocurrency, certainly it is the most used although it should not be taken as the best way to give value to decentralized digital money. More important than owning bitcoins is to use this cryptocurrency to stimulate economic productivity through commercial exchange, payment of salaries and savings with cryptocurrencies, thus stimulating its widespread use in people's daily lives, which will create a freer and more individual form of wealth, regardless of the price of the king of cryptocurrencies.
