How Bitcoin is Paving the Way for Global Abundance

Now that you have a good understanding of Bitcoin and the Crypto world, you may have realized that we're in the middle of a massive transformation in our global economy. We're going from what has been a linear scarcity mindset to an exponential and abundance mindset. In order to enable that, we need to transform how we transact money. Money is energy or a form of energy/value exchange, and that energy can be invested and utilized worldwide to create a world of abundance.

Right now, with inflation rates increasing year after year, the value of currencies in the world decreases. In countries like El Salvador, for example, where inflation rates can be as high as 70%, the value of their money is basically nothing. This is the reason they legalized Bitcoin as a currency.

The reason for the accelerated increase in inflation is: fiat or paper money (the U.S. dollar in particular) is no longer backed by gold. The so-called “gold standard” was eliminated in 1971. What that means is the U.S. government can just print more paper money, yet it doesn’t have any real value. If you're expanding the money supply by 7 to 8% percent a year every year, your assets have to appreciate by 7% to keep your purchasing power. If you're earning but you're not raising your salary by 7%, you're getting poorer. The monetary inflation rate in the US went from 7% to 21%.

The inflation rate tripled on all currencies in the world that are pegged to the dollar including the Euro. The weak currencies inflated 40% a year. They're sinking against the dollar. Then you've got the peso with a nominal 45% inflation rate but real inflation rates of 70% or more. And then you have collapsing currencies like in El Salvador and Nigeria just to name a few.

Add to that the exorbitant fees the traditional banking system charges consumers just to send money to someone. It’s also disheartening to know that if you were to “park” your money in the bank like in a savings or money market account, your money will only earn less than 1% a year!

In essence, if you are relying on fiat to build generational wealth, it just isn’t going to happen because your money is losing value faster than you can earn it. This is what I call a lose-lose situation.

It’s no wonder that more and more people are looking to either use cryptocurrencies as part of their investment strategy or as a currency. This is more true in developing countries where most people do not have access to banks.