Amidst global uncertainty, Bitcoin offers hope. “Bitcoin fixes this,” a common response to the world’s woes, is more than a sharp quip. It’s the beacon lighting the way to every classical liberal’s dream: fix the money, fix the world. With the capacity to reduce government size, fight inflation, lessen debt, and stifle the military-industrial complex, Bitcoin is the most promising weapon advocates of liberty have against unchecked government power. I venture to say that Bitcoin is the single best shot at achieving liberty in our lifetime.
Bitcoin, despite its infancy and volatility, serves as a store of value for many, a medium of exchange for some, and a unit of account for a few. Its adoption rate eclipses that of the internet, with an estimated 120 million users worldwide. Not just a tool for the financial elite, Bitcoin empowers the unbanked billions, with each new user increasing its network value.
Why people use Bitcoin varies – cheaper cross-border payments, steady value growth, speculative investment, or life-saving escape from dire circumstances. It’s become a viable alternative to fiat money, which continually devalues due to central planners’ recklessness. The U.S. Federal Reserve, for example, printed 40% of all dollars in existence in the last two years, escalating inequality and perpetuating the Cantillon effect.
Each new Bitcoin user represents a peaceful rebellion against the failing fiat system, offering an inflation-proof store of value. It remains steadfast against adversarial attempts, with its value proposition often misunderstood due to its novelty and unconventional roots in Austrian economics, game theory, and cryptography.
Bitcoin offers unprecedented financial autonomy. Users control when, how much, and to whom they send money without needing approval from banks or agencies. In a world fraught with financial instability, Bitcoin shines as a beacon of hope and a testament to the power of monetary freedom.
