We haven’t seen the 100k we were promised by the YouTube sensations. But Bitcoin isn’t going to give up that easily. I am sure that the whales will be patently waiting for new lows that will give them the opportunity to accumulate more of the valuable, digital asset that made millionaires out of believers. The only thing left for the rest of us to do is to sit, watch, and wait for the giant to wake from its slumber.
What has been learned by the explosion of cryptocurrency is that the people of the world are tired of their financial status. While the physical world offers limited opportunities for people to rise and create passive, sustainable wealth. The Digital frontier creates new outlets for people from all walks of life to enjoy the benefits of ownership. NFTs, DeFi, Blockchain, Web3.0, all give individuals the power over their financial well being and create a truly free market economy.
When I first started with cryptocurrency, I was unsure of the benefits it would afford me and my family. I was skeptical when listening to the YouTube icons while they spouted off about their “rags to riches” stories. 9000% gains, $200.00 NFT’s making the millionaires, and while some of those stories are fabricated to gain a following, some of them are indeed true. We, as a people, have been given the rare opportunity to rebuild what has become a corrupted system, that is owned by greed, into a flourishing ecosystem designed to build the communities wealth; not the shareholders.
For years we have sat back and allowed the 1% to influence our way of life. They have determined our value for us by manipulating the industries we have come to trust. Governments, central authorities, shareholders, CEO’s, industrial powerhouses, have all had their hands in influencing how wealth is built and distributed. Now, I am aware that you might think I am about to propaganda for the Socialist parties and tell you about the dystopia we might all share in if we would just embrace cryptocurrency. Breath, because I am not for socialist ideologies and believe that they would never work, have never worked, for the people. What I am willing to tell you is that cryptocurrency of began the foundational work for the first truly free market economy with the potential for unlimited competition.
In a free market, everyone is supposed to have equal share in the opportunity to participate in their own capacity. Be it they start a company, get a job, or simply neglect all options together. Due to the greed and corruption that infected our free markets, the unfortunate truth is that it is becoming harder and harder for those with out financial means to create and sustain viable sources of income. My wife and I started a Handyman Service that we were able to sustain briefly without monetary assistance until Peter began wanting repayments from Paul. At which point we were left with the only option to close the doors and begin something new. We decided that cryptocurrency was the logical response to our situation.
Because of the unlimited capabilities of digital assets, cryptocurrency and blockchain technologies they are native to have afforded people with little to no start up capital to build and retain assets with real world value connected to them. This value isn’t determined by a government or central authority, such as a bank, but rather it is determined by the people who find value in it. Similar to the days of barter and trade, the only way a crypto has any value at all is by establishing a utility that is accepted by the community they intend to service. P2P payments, P2E games, DeFi, DEX, digital real estate, currency, blockchain ledgers, web3.0, with more opportunities to come as our technology advances with Metaverse expansion.
The only thing that is left for the world to decide is if they are willing to hand this power over to the same people we have trusted for so long to appropriately handle our well being and time after time proven to be incapable of handling such a wonderful responsibility.