To most, Bitcoin is nothing more than a speculative technological asset of which you can decide to invest in. Well, invest, some of the more traditional investors would call it “speculate” or even “gamble” since they feel that this “speculative risky asset” only brings you something if some “weirdo” comes along and pays more for it than you did when you bought it.
Somehow most try to view it as a company, stock or physical element because, since they don’t “know” it, they have to compare it to something they do know in order to make sense out of it.
They will all yell in unison “Bitcoin has no intrinsic value” and believe they are on the right side of history and leave it at that.
Done case.
But, just like most people did not understand the internet & its potential impact back in 1995, nowadays people have no clue about what Bitcoin is and can do for the world. Remember, the majority even believed internet was a “scam”, “only for criminals or pornlovers” and/or “useless for real life & in business”.
Because it is a technology, a new one.
A brand new invention that solves so many problems that we have today of which the human brain can not even grasp the potential value in the future..
Simply because how it could exponentially grow thanks to all the additional layers/applications that are going to be build on top of it.
Again, just like with internet.
In and of itself, the internet is nothing more than some kind of network of networks in which you can communicate with each other through certain channels.
It were the applications (E-mail, Facebook, Google, Amazone, Apple) that made it “tangible” and really “explode”.
Is the internet a risky asset?
Does the internet have “intrinsic value”?
For now, we don’t have to make it much harder than this.
If the internet adds enormous value to the world because it is a network of networks that makes sure we can communicate with each other on a way faster & cheaper way than before..
Could it be that Bitcoin, which is a network of networks that makes sure we can transfer monetary energy (a.k.a. money or value) to one another on a way faster, cheaper & safer way, also adds enormous value?
Think about it. I hope this helps 🙂
See you in two weeks where we continu on our Bitcoin journey (Part 2.)
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Marc
Meet Marc—with a unique history of studying psychology, poker, and performing sales on high levels, he eventually ended up with a curious eye for the world of money. He dove into traditional investing and even surfed the wild waves of "shitcoins" in the crypto space. But it was the wake-up call of the 2020 pandemic that really opened his eyes to the true power governments wield and how little control individuals have over their financial destiny. The broken fiat currencies within the traditional financial system and the rampant scams, lies, and rug-pulling in the crypto space lit a fire within him, driving his unwavering enthusiasm for 100% Bitcoin.
Fueled by this newfound awareness and his connection with a company called Awake Origins, Marc embarked on a remarkable spiritual journey, selling everything and traveling the globe with his family for nearly three years. Along the way, he couldn't help but ponder some big questions about money, economics, and global wealth disparities. These musings eventually led him to the fascinating world of Bitcoin, a place he's never looked back from. Today, Marc dedicates his time to helping folks and businesses seamlessly integrate Bitcoin into their daily lives, all while continuing his global adventures.