Bitcoin: The Largest Transfer of Wealth in History
Bitcoin's price movements will cause extreme pain for people who ignore it.
History is currently being made and most people are unaware of it. The world is about to change dramatically and Bitcoin will be at the forefront. Bitcoin is about to cause one of the largest transfers of wealth that the world has ever seen.
If you’ve been actively buying BTC, this will improve your life. Many people will have made more money than they ever expected they would in their lifetime. However, those who haven’t could see their wealth evaporate overnight.
One of the most popular theories amongst Bitcoiners is that someday sooner than later, we would experience “Hyperbitcoinization.” A point in time when all the cards line up for Bitcoin and the world wakes up to its true value and importance.
It’s at that precise moment that there will be a stampede rush into Bitcoin. Causing green “God” candles in price. People will be in disbelief at how high Bitcoin’s price will move to, and how quickly it goes there.
For these people, life will be good. Many will never need to worry about money again. They will be set for life. However, for those who don’t have any Bitcoin; there will be extreme pain.
You must always remember that 1 Bitcoin will always be equal to 1 Bitcoin. Due to money printing and inflation, the dollar is quickly devaluing when compared to Bitcoin. Just think about the last few years after Covid. The US experienced the largest amount of inflation in decades. Everywhere you went prices were soaring and this brought extreme pain to regular people. All of a sudden just being able to pay for life’s necessities became a struggle for many people.
Now imagine this.
In this scenario where Bitcoin experiences hyperbitcoinization; one of the key reasons will be due to hyperinflation. Instead of the tens of percent inflation that the US was experiencing after Covid, it would soon become hundreds of percent; then thousands with no end in sight. Eventually, the dollar will become so worthless that you’ll literally need barrels full of dollars just to buy some groceries. Nations like Zimbabwe have already experienced this.
It’s at this precise moment that most people’s wealth will evaporate in an instant. Most people don’t even have the luxury of having cash savings or assets, and they will be the first to experience this pain. But, even those who have a tremendous amount of savings will eventually see most of their wealth disappear as well.
The only way to save yourself will be to own hard assets and Bitcoin.
There used to be a time when people didn’t need to be investors to be able to retire. Companies would offer pensions, and all they needed to do was work hard and save as much cash as they could. With that said, the world is a very different place now. People have become forced to become investors just to have a glimmer of hope to be able to retire.
Bitcoin is a throwback to better times, but even better. As the hardest money on Earth, is unconfiscatable, and its inflation is cut in half every 4 years. It is almost programmed to continue appreciating and is the best way to preserve your wealth. In the future people will once again be able to simply work hard, save as much Bitcoin as they can, and not need to worry about investing.
For a long time, Bitcoiners have been looked at as the crazy ones in society. But there is no denying that its reputation has completely changed during the last few years. On top of that, all of the cards seem to be lining up for something special to happen.
Bitcoin recently executed the BTC halving which cut its inflation in half and traditionally has been the catalyst to ignite each bull cycle. Perhaps even more important is the Spot Bitcoin ETFs that recently launched in the US. With BlackRock becoming a large supporter of Bitcoin, the game has completely changed.
Also, with Bitcoin now playing a large role in the US Presidential Election, Bitcoin has taken another monumental step towards increasing the change of hyperbitcoinization. Donald Trump declared that if elected president he would start a national Bitcoin reserve. You can bet that after his announcement, several countries around the world were having secret meetings to decide what their Bitcoin strategy would be.
However, there is more that we can do. We don’t want anyone to be left behind. Take a moment to look to your left, and then look to your right. Think about your family, friends, co-workers, and acquaintances. How many of them are actively investing in Bitcoin, or aware of how important it really is? The answer is likely very small. Sharing what you know about Bitcoin, could literally save them financially if hyperbitcoinization ever happens.
It is important to remember that this is just a possible scenario and it might not ever happen. There are no guarantees with Bitcoin. But there is no denying that all the cards are lining up for Bitcoin for something special to happen. It seems different this time.
One thing is for certain. You aren’t bullish enough.
How about you? Do you think Bitcoin will cause the largest transfer of wealth we’ve seen in recent history?
Reposting an article by Johnwege