Bitcoiners need not fear — for those who have already determined that the bitcoin standard is the monetary policy for them, recent dips in nominal fiat value can only be good. You see, as determined in my previous article, “If You Don’t Buy Bitcoin You Can’t Be Rich,” fiat wealth is only as reliable as its issuance and issuer, of which neither has been reliable in every single case of fiat’s existence, most famously the U.S. Dollar.

So the only truly rich people in this world are people who accumulate and hold bitcoin, the only immutable currency in existence. Therefore, anyone who has accumulated bitcoin and held that bitcoin in 2021 is still richer than those who haven’t. The caveat here is the act of holding; selling bitcoin can certainly teach one a lesson denominated in fiat.

(Excerpt) Read more Here | 2021-05-21 15:00:00
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