Bitcoin (BTC) at the Intersection of Boomers and Gen X interestsJune 24, 2020
Bitcoin is talked about every hour. The same old theories are propagated. The same old assumptions are talked back to.
To be considered as a legitimate currency, cryptocurrencies are to be connected to a basket of commodities. Of note, Bitcoin is a highly speculative asset. This just establishes the fact that some people are never going to get the concept of Bitcoin right. Some of them are going to quickly adapt. Those who love freedom will sure appreciate BTC.
This is the time where boomers and GenX are prospecting on their own versions of financial freedom. Bitcoin is working at the point of intersection of interests of these two generations. Many people are making use of the term speculative to deny the status of currency to BTC. One of the community member has to reinstate that there is a term called Forex. Trying to establish the importance of Bitcoin as a medium of foreign exchange.
Sydney Ifergan, the crypto expert tweeted: “There might be no option than to at the least understand the idea of Bitcoin (BTC) at some point in time. Ignoring Bitcoin 100% is impossible.״
The idea of owning one’s own money will never be out of style. The protest culture is here to stay and we will be bumping on a good host who will very soon summarize the importance of Bitcoin.
Bitcoin (BTC) Absolute Freedom
The idea of commodity that backs value is getting a reformatory approach. Beyond historical standards proponents propose the network of computers and the hashing power to be a new commodity.
Someone stated, “A worldwide network of hashing computers synchronizing data is THE modern commodity. Neither politics nor Coronal mass ejections can rob it’s value. He almost got it.”
For anyone who believe in the idea of basket of commodities getting tied to currencies and its value, should now unlearn and relearn the idea of hashing power and nodes to be commodities backing the value of cryptocurrency.
While the arguments keep going, there are those investors who are staying calm and are stacking their lot of BTC. They keep believe in the idea that the greatest wealth is created by early investors.
These early investors are those who believed in it because majority of them understood and accepted it.
Ultimately, they are the ones who know that it is worth all their efforts and belief systems. Trust, Verify and Cross-border payments with absolute freedom.