disruptvestor on Nostr: All global fiat currencies are melting ice cubes. The only difference is how quickly ...

All global fiat currencies are melting ice cubes. The only difference is how quickly are they melting-away.

Over the last few years, the Fed has debased the U.S. dollar by 7.2% annually. This has resulted in an annual inflation of 2.7% (as per official sources!?) and this I believe is just the tip of the iceberg.

In addition to inflation, currency debasement also leads to – reduction in real wages, exchange rate depreciation, higher borrowing costs, forced redistribution of wealth via socializing of government debts, and many other symptoms of financial repression.

In comparison, through immutable code - the number of Bitcoins are capped at 21 Million. In the Bitcoin world, code is law. This is the savings technology of the 21st century. The Bitcoin network has already issued 94% of its supply. And after 2140, all 21 Million tokens would have been mined.

Bitcoin is the scarcest asset in the world. The purchasing power of savings kept in Bitcoin will not only retain its value, but also grow over time as - governments continue with budget deficits and central banks debase currencies to monetize those deficits.

In my opinion, Bitcoin is the only way out of this mess. It protects our economic energy and helps us build a brighter future.