Bitcoiners Fundamentally Believe in Bitcoin

Today, Bitcoin price has gone back above $7K, and those Bitcoiners are rubbing their hands. The number of addresses owning at least 1 Bitcoin in full has risen to over 800K as a result of the liquidity crisis that hit all liquid markets in mid-March 2020.

The episode of panic that we have just gone through in the Bitcoin world, gold, or traditional financial markets is giving way to a real economic crisis.

The decisions that are currently being taken by the Fed and other central banks around the world are to conduct a policy of easy money with trillions of dollars being injected into the monetary and financial system.

The big problem is that these decisions, which devalue what all the citizens of the world own, are taken in a totally arbitrary manner by people who are not elected by the people.

Thus, in the United States, a powerful minority at the head of the Fed has the power to drastically impoverish all American citizens.

These easy money policies have been used so much that they are working less and less, making it increasingly inevitable that an alternative to the current monetary and financial system will emerge. In my opinion, Bitcoin is the best alternative we have to opt-out of this system in order to protect what we own.

As a Bitcoiner, you often say that you are ready to HODL Bitcoin no matter what.

Often this phrase is used when Bitcoin price drops sharply. You use it to explain to non-Believers why you are not panicking. I myself have often used this phrase with people I know who can’t understand the importance of Bitcoin to the world of the future.

These non-believers are simply stuck in certain thought patterns that prevent them from seeing beyond the fiat system.