Even Bitcoin’s Fiercest Opponents Will Admit Its Superiority Sooner or Later

It Is Just a Matter of Time.

Bitcoin is constantly evolving.

No matter what happens, Bitcoin keeps working and adding new blocks to its Blockchain. Since its creation on January 3rd 2009, Bitcoin has had an incredible 99.98% uptime.

Bitcoin uptime — Source: http://bitcoinuptime.com/

Bitcoin’s uptime is at the level of companies like Amazon, Google or Facebook even though its system is totally decentralized and has no leader.

Bitcoin’s greatest strength is that it belongs to everyone. No one can claim that Bitcoin belongs to them.

Bitcoin was given to the world by Satoshi Nakamoto. It is up to us to make this gift a success so that we can build a fairer and better world in the future.

Bitcoin should therefore be seen as an opportunity for humanity.

This opportunity will now be available to more than 1.38 billion Indians as the Reserve Bank of India has just ended the crypto ban it had imposed on its citizens since April 2018.

India realizes that Bitcoin cannot be stopped, and that the country has more to gain by embracing this inevitable revolution.

Crypto Ban’s Ending in India is a massive news for Bitcoin as it will have a very strong impact on demand in the coming months and years.

Imagine for a moment that just 1% of India’s population want to buy Bitcoin, and then we will have more than 14 million new entrants on the network. This figure should be put into perspective with the current 6 million unique users of Bitcoin for example.

In the meantime, more good news has come from South Korea and France where Bitcoin is also officially recognized.

All these good news come in a very special context as we are now less than 65 days away from Bitcoin’s third Halving.

This third Halving, which is scheduled to take place around May 12, 2020, will create a real money creation shock on the supply of Bitcoin. At equivalent demand, the price of Bitcoin will inevitably rise.

As the price of Bitcoin rises, it will enter a virtuous circle as demand will increase a little more and the price will do the same. The strong media coverage that will follow this Halving will have a significant effect.

Personally, I don’t think that the current price of Bitcoin already integrates this event whose real consequences will only be measurable when it actually happens.

Such an event cannot really be anticipated by users, many of whom do not even know what Halving really is.

I give 5 arguments for this here: “Bitcoin Halving Has Not Yet Been Priced In, and These 5 Arguments Prove That”.

Limiting the maximum number of Bitcoins that can be put into circulation is something essential that many people do not yet really measure the long-term consequences of.

Never before humans have created something as scarce as Bitcoin.

No matter what happens in the future, there will only be 21 million Bitcoins available for all the people on the planet.

This scarcity of Bitcoin has to be contrasted with the constant increase of the global money supply in circulation. Politicians and central bankers seem to believe in infinite growth, even though it is only a utopia.

In order to maintain this utopia, they keep lowering interest rates to allow more and more money to be printed.

The Federal Reserve’s decision to print more and more money is for me the best marketing campaign for Bitcoin.

In order to achieve its goals, the Federal Reserve has just decided to lower interest rates by 50 basis points on March 3, 2020.

This is only the third time in more than 20 years that they have decided on such a significant cut. This rates cut is intended to support the economy in a context of total uncertainty with the coronavirus spreading around the world.

On previous occasions, such interest rates cuts occurred after 9/11 to support the economy, as well as after the banking and financial crisis of 2008.

It would therefore seem that the Federal Reserve considers the uncertainty surrounding the coronavirus to be of equal importance with the major events of 9/11 and the 2008 crisis.

By yielding so easily to the ease of printing money all the time, not only the United States but also other countries around the world are making this weapon almost inoperative.

The effects on the economy of this type of measure are becoming less and less important.

On the other hand, it continues to devalue what people around the world own. As a citizen, you are subject to these kinds of arbitrary decisions, and you have no choice but to oppose them.

Unless Bitcoin is your best solution to resist the failures of the current monetary and financial system.

Bitcoin offers you the guarantee that 1 BTC of today will always be equal to 1 BTC of the future. As such, Bitcoin truly protects what you own, in addition to giving you back control over your wealth.

More and more people are becoming aware of this reality, and with the coming Halving, the monetary creation policies of major economic powers such as the United States will highlight the superiority of the Bitcoin system.

Sooner or later, even the fiercest opponents will have to come to terms with this by coming to buy Bitcoin.

It is just a matter of time, and the funny thing is that it is the owners of the current system who are, indirectly, the first promoters of Bitcoin by constantly highlighting its advantages.