Bitcoin Promotes the Separation of Money and State

Many people see Bitcoin as a great asset with phenomenal performance potential. The fact that Bitcoin allowed to transform $1 invested at the beginning of 2010 into $90K at the end of 2019 is not unrelated to this.

The +9,000,000% performance posted by Bitcoin over the past decade has made some people lose sight of what is essential.

The main thing about Bitcoin is that it represents the first step in the separation of money and state.

If you still have any doubts about the problem with the current monetary and financial system, I’ll enlighten you with the figures. I’m not asking you to take my word for it, but just to look at the numbers.

Bitcoin urges us to take a critical look by verifying since its motto is: “Don’t trust, verify”.

This is what we are going to do by looking at the evolution of what you need to own to stay at the $100 purchasing power level since 1635:

From 1635 to 1971, U.S. dollar inflation remained very subdued. Indeed, $100 in 1635 was equivalent to $487 in 1971.

So you needed $487 in 1971 to have the equivalent of $100 in 1635.

With the end of the convertibility of the U.S. dollar into gold, the system was no longer based on anything tangible. The steady increase in the money supply only devalued what everyone had.

On the previous chart, you can clearly see the extent to which inflation has run amok from 1971 to the present day.

In 2020, you need $3,108 to have the equivalent of a purchasing power of $100 in 1635.

The current monetary and financial system clearly does not protect people. The few people at the head of it take advantage of the system to get rich while the inequalities between the very rich and the rest of the world have never been greater.

I am not even talking here about the problems of corruption inherent in this system, which gives full power to a few men and women.

Bitcoin proposes a total paradigm shift since its system is not controlled by men but by the laws of mathematics.

I don’t know about you, but I, for one, have much more confidence in the laws of mathematics than in humans.

Between Bitcoin and the current system, my choice is quickly made.