Bitcoin Stops The Fiat Bleeding – Bitcoin Magazine


This is an opinion editorial by Conor Chepenik, a Bitcoin pleb.

When a doctor operates on a wounded patient, the first thing they do is make sure they can stop the bleeding. No point operating if you can’t get the bleeding under control because the patient will die. Money facilitates mutual exchange and helps market actors coordinate price discovery — it is the literal blood of the economy. As fiat currencies slowly bleed out in value, they incentivize fewer people to save. If you want to stop the bleeding in your financial life, you are going to need to find a way to store your wealth in something else. There are plenty of options, but only one that is programmed to stop all bleeding in 2140.




#Bitcoin #Stops #Fiat #Bleeding #Bitcoin #Magazine

mrB

Related Posts

US Government Secretly Cracking Down On Crypto?

The crypto industry is facing increased regulatory pressure since the beginning of the year, which has sparked discussion on Twitter about whether the U.S. government is secretly…

How Inscriptions Impact Bitcoin Block Space

The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights…

Cloud mining firm BitFuFu postpones merger with SPAC until May

Cloud mining firm Bitfufu, one of Bitmain’s crypto firms, is delaying for the second time its plans to go public via a special-purpose acquisition company (SPAC), according…

Hut 8 merger would’ve happened even without FTX or crypto turmoil, says CEO

Crypto exchange FTX’s collapse and overall crypto market turmoil were not key factors in the decision to merge crypto mining firm Hut 8 with US Bitcoin Corp.,…

Crypto lender SALT makes comeback with $64.4 million funding

The crypto winter and FTX collapse has decimated the ranks of cryptocurrency lenders. Genesis, BlockFi, Voyageur Digital and Celsius Network all filed for bankruptcy in the past…

US banking giant BNY Mellon says digital assets are ‘here to stay’

Michael Demissie, the head of digital assets at Bank of New York Mellon (BNY Mellon) is adamant that the cryptocurrency market fall in 2022 won’t waver institutional…

Leave a Reply

Your email address will not be published. Required fields are marked *