'Unbacked' fiat currencies live up the name. As of 2023, in the U.S. only 2.53% of M2 money supply is backed by gold reserves and in Canada the percentage goes down to zero. Being backed by Gold is better than being backed by nothing. Being backed by #Bitcoin is better than being backed by Gold. And, establishing Bitcoin as - the legal tender and the unit-of-account is the best. image
The whole argument of "Gold is better than Bitcoin because it has physical utility" becomes flawed, when +60% of Gold's value is derived from investment & derivative products. Will Gold bugs hung-up on physical utility, be willing to give-up 60% of the value of their holdings? Probably not. Then, mocking Bitcoin does not make any sense. In fact, the right perspective is - unlike Gold, #Bitcoin is the only asset that offers undiluted Store-of-Value characteristics. Bitcoin has one & only one function i.e. to protect your economic energy and its the best at what it does. image
Dumpster diving into Altcoins is injurious to wealth! Many leading Altcoins with hot narratives could never climb back to their 2015-18 cycle tops. Most of them experienced, +60% drawdowns from cycle-top to cycle-top. Respect your hard-earned capital. Study #Bitcoin. image
Doesn't matter how hard you work, the fiat game is rigged (against you). The average annual salary increments across industries fall short of - EITHER beating the rate of inflation, OR the speed of U.S. dollar debasement, OR both. Wake up to #Bitcoin! image