Why You Should Own Bitcoin

If you have been keeping up with the news lately you probably know that the government is on the brink of defaulting on our debt. As it stands now the debt is $29 trillion and counting. We all know that this number is never going down ever again. Being the reserve currency of the world we are trapped in this debt cycle until this thing crashes and burns to ash. There is no other way around this problem or is there?

If we know that the debt is just going to keep growing year after year until disaster strikes why should we continue to desire dollars? This unmitigated spending has to be borrowed from the Federal Reserve and pushes more dollars into the economy.

On the face of it, this sounds like a great idea. The popular economic theory right now is to get money into people's hands and let them spend it in the economy, money printing and debts be damned. This is called Modern Monetary Theory (MMT) and it's having a detrimental impact on the economy as a whole.

Inflation is eating away at the purchasing power of your hard-earned money. Inflation is running above 6 percent consistently. This means that your labor is worth 6 percent less, your savings are losing 6 percent every month and your investments have to beat 6 percent just to stay even! How can anyone keep up when inflation is secretly stripping you of your wealth and time.

If you want to fight back against inflation and preserve your wealth, labor, and time you have to start thinking differently. Investing in gold and silver won't provide you with the means to grapple with the rising tide of inflation as they are not ideal stores of value in the 21st-century economy. Gold and silver prices can be manipulated and supplies can be restricted on a whim by the government or even a private entity. This is not an ideal situation.

Bitcoin on the other hand can not be confiscated, is scarce, and can be transmitted to anywhere in the world in a blink of an eye. Gold and silver can't do that. Try moving a bunch of gold bullion from place to place. You will either be targeted by the government or thieves will prey upon you. If you have your wealth in Bitcoin, as long as you have your seed phrase your Bitcoin is safe.

Bitcoin is growing 100 percent a year and shows no sign that this won't continue for the foreseeable future. What currency would you rather save your time and energy in? A currency that is depreciating by 6 percent every month, which compounds by the way or save in a currency that will preserve your wealth, labor, and more importantly time. Seems like a simple choice, right?