Bitcoin Is Better Than Money
Why everyone should buy into Bitcoin while there’s still time
There are so many ways in which Bitcoin is better than money, and in case you don’t already know them we’re going to take a look at a few of them here.
First of all, Bitcoin has no basis of value because it isn’t controlled by a government. This means that instead of its value being determined by a mix of GDP, balance of payments, national debt, interest rates, and the exchange rate, Bitcoin is free to be worth whatever we want it to be. Some days it’s worth $30,000, some days it’s worth $40,000, tomorrow it may be worth $60,000 or maybe just $5,000. Basically, Bitcoin is a fiscal roller-coaster and everyone loves to go to the fun fair and get on the rides, whereas nobody takes the kids on a two hour drive to see a boring old hundred dollar bill laying on the ground. So this proves that Bitcoin is totally superior to any government-controlled currency.
Secondly, a combination of wonderfully unpredictable volatility and a high per-coin price means that we can’t actually use Bitcoins to buy anything. And this means we can better control our household budgets! With regular boring old money we have to pay bills and buy food and all the other things that drain cash right out of our bank accounts and wallets. But with Bitcoin, because it’s essentially useless as a currency, we’re not tempted to fritter it away. So, once again, Bitcoin scores bigtime over ordinary boring money.
A lot of people claim that Bitcoin is just a speculative bubble because there’s zero underlying asset of any kind. But that’s crazy talk! Bankers are stocking up on Bitcoins and they’re really smart people. Remember, they’re so totally smart they brought us the savings & loan meltdown, the sub-prime mortgage meltdown, and the CDO meltdown. And you know what? Although those meltdowns cost a lot of folk everything they had and wrecked the economy every single time, those smart bankers didn’t lose a dime. No sir, they kept paying themselves super-large bonuses just like always, and often with taxpayers’ money given to them by the government. So you can be sure that if bankers are rushing into Bitcoin then it’s a rock-solid asset class everyone can trust.
