A large number of individuals continue to keep their funds in the bank, oblivious to the fact that it’s akin to sitting on an ice cube that gradually melts. In contrast, Bitcoin represents real money, as it is limited in supply and not subject to being produced at will by central banks. Sooner or later, people will become aware of Bitcoin’s potential benefits, but it remains to be seen when this realization will occur.
If you’re among us Bitcoin savvy individuals who understand the risks of relying on traditional paper money, you might be curious as to why fewer people share this awareness.
Poverty is increasing
In your local supermarket, you notice the prices have significantly increased over the past few years, a fact that is likely obvious to everyone. It’s possible people assume this price hike is due to inflation as frequently reported in mainstream media. Many believe the causes include Russia’s invasion of Ukraine, among other factors.
If you reside in the UK, you can take a leisurely stroll through your nearby main street or shopping center. However, you might be surprised and concerned by the growing number of closed businesses you encounter. Exceptions apply if you inhabit a prosperous region; otherwise, your high street may seem run-down and shabby – potential signs of escalating impoverishment and an impending economic downturn.
Banks pay very low interest on your money
Wealthy individuals may ponder over the meager returns on interest for current and savings accounts, seemingly too low to be taken seriously. Yet, many others seem to accept this situation with a casual indifference.
In addition, British bank ads frequently depict their staff as warm and welcoming, while promising attractive savings accounts and continuous enhancement of customer service offerings.
You could lose 50% of your wealth in next 10 years
Is it widely accepted that the interest earned on one’s savings in the bank doesn’t even come close to matching the rate of inflation and the depreciation of value caused by central banks’ continuous printing of money?
The true inflation rate, not the one officially reported, ranges from 5-10% per year. Given the current economic situation, this trend is unlikely to change. As a result, an individual’s purchasing power could decrease by approximately 50% over the next ten years. Starting from 2020 and the massive money printing during the pandemic, the British pound has already lost around 30% of its value.
In essence, an ordinary British citizen might respond by raising their shoulders, making do with less, keeping a stoic expression, and continuing despite the challenges. The authorities are in control, and what’s a commoner like me against banks? Why bother worrying?
Wealthy people have assets
In today’s context, not taking action could lead to you and your loved ones falling into poverty, which is spreading rapidly in the British Isles, as well as in many other parts of the world.
For individuals with substantial resources or those who are financially literate about the present economic crisis, they have wisely put their funds into valuable assets such as real estate, gold, art, etc. At a minimum, this safeguards their wealth from potential depreciation. Conversely, for those living hand to mouth, any money they possess is either in their possession or in the bank.
It’s highly probable that you and your partner both hold jobs, yet despite working long hours, you struggle to make headway in repaying your credit card debt and car loan. The earnings you bring in are quickly absorbed by the fiat currency system.
“When will the public become aware of this situation, and for how long can mainstream media obfuscate the truth and shield us from the grim reality we’re facing?”
There is a lifeline
Despite the obstacles, there’s a way out. Your bank may strive to prevent you from purchasing it, and your government could attempt to thwart access to all trading platforms where you can buy it.
Bitcoin serves as a crucial element for some, yet it’s frequently portrayed negatively by mainstream media and traditional finance heads. They label Bitcoin as a fraudulent scheme, implying its usage in money laundering for criminal organizations like terrorists and drug cartels. Their recommendation would be to steer clear of it if preserving your investments is a priority.
Bitcoin is thousands of percent up against your currency
Bitcoin’s operation on a blockchain and transparency are commonly known facts. However, what’s often overlooked is the significant value appreciation of Bitcoin compared to traditional assets like the British pound, S&P 500, and gold. For instance, from 2015 to present, Bitcoin has surged 158,000% against the British pound, 12,000% against the S&P 500, and a staggering 53,000% versus gold.
Mainstream media outlets won’t display these figures. To access this information, you can try using platforms like TradingView instead. This tool is primarily used by individuals who trade stocks, cryptocurrencies, or other financial assets.
Finance leaders misinform the public
At the Davos World Economic Forum about a year ago, well-known financial figures like Jamie Dimon, CEO of J P Morgan Chase bank, dismissed Bitcoin during Q&A sessions, describing it as a “fad” or a “digital version of a pet rock.” Regarding its creator Satoshi Nakamoto, they quipped that he might unexpectedly emerge and employ Bitcoin to purchase dollars.
If Dimon weren’t the CEO of the biggest US bank, his childish and ridiculous comment wouldn’t merit serious consideration. Sadly, in today’s world, such individuals can still make such remarks, and they will be widely publicized in media outlets around the Western world.
Throw off the shackles
Living in a complex and deceptive world, it can be challenging to uncover the truth that your hard-earned money is being drained away by various entities including governments, international financial institutions, and banks.
Purchasing Bitcoin represents a choice to distance oneself from the existing financial system that some view as oppressive and unjust. Delve into the Bitcoin education to grasp its unprecedented growth and potential impact on traditional assets. Don’t be left behind – be among the first to acknowledge Bitcoin’s power to shield you financially.
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2024-04-22 14:12