An Idea Whose Time Has Come

People are resistant to change and are resistant to new ideas. This is not an original idea nor is it unique. It is a statement backed by countless examples throughout history. It is a path of human psychology to be instinctively averse to any changes or new ideas until the intolerant minority who accepted the change made the change popular and acceptable on a mainstream level.

If you had asked a person what they wanted before the invention of the automobile, they would have said they wanted a faster horse.

Blackberry did not think people wanted a touchscreen phone and preferred their keyboard phones, then came the iPhone.

Galileo was persecuted for believing we lived in a Heliocentric world when the Catholic Church (and everyone else) believed everything revolved around the Earth.

People thought the internet, credit cards, and social media were all fads that would fade away. They are now a part of everyday life engrained in society.

In the book Anthem by Ayn Rand, the main character (Equality 7-2521) finds remnants of electricity and is run out of town because this invention would displace all of the jobs for candlemakers.

There are countless other examples.

Bitcoin, like all of the above, has faced fierce opposition since it was first released to the world. The clip below shows an illustration of many of the opposition points that were stated through the years. Meanwhile, against all opposition, Bitcoin continued on unobstructed, undeterred, and continued developing its characteristic of being antifragile.

More recently, there have been critiques of Bitcoin that state it has only gone up because of the election news and other lobbying efforts. It would appear that it is still the intolerant minority of people who are the ones so loudly proclaiming the gospel of what Bitcoin is and what it can do for humanity. However, I do not believe we will stay in this state for much longer.

I would now argue that we are approaching the point where Bitcoin’s time has officially come. The full idea is explained by the quote from Victor Hugo who wrote, “Nothing is more powerful than an idea whose time has come.” The idea behind it is that good ideas still need circumstances for them to have the biggest impact. However, once circumstance couples with a good idea and the market, or the world, takes notice, the idea becomes unstoppable.

The circumstance we find ourselves in today is two sides of the coin both working together to push Bitcoin into the lives of more people.

One side of the coin is the continued debt spiral the United States and many countries in the world find themselves in. Presently, our governments have their hands glued to the money printer and aim to print their way out of the hole. Printing more money does nothing more than inflate the currency and push us closer to a world of hyperinflation. DOGE (Department of Government Efficiency) has been in the news recently for bringing to light issues of blatant fraud, misuse of resources, and other inefficiencies that the United States government agencies are habitually performing which in turn, add to the black hole of our countries’ debt spiral. On this side of the coin, people see the problem.

The other side of the coin is that people are realizing that at a certain point, the debt spiral must stop and there must be a better way to save money, preserve capital, and ensure their purchasing power for the future is protected. This side of the coin, coupled with living in an ever-increasingly-digital world has pointed many people in the direction of Bitcoin. Bitcoin is the only truly scarce asset and immutable asset in the world and I believe it is the apex asset in the world for this reason. Bitcoin being digital aids in its adoption because, unlike gold, it can be transported internationally quickly and cheaply with no issues. On this side of the coin, people find the solution.

I believe, and market events seem to back up this statement, that Bitcoin’s time is here and people who are defiant against it will convert and realize what they are seeing. The switch from a fiat currency to Bitcoin is akin to the switch from a horse to an automobile, from a Blackberry to an iPhone, from modular to digital, and from a candle to electricity.

Bitcoin is a revolutionary idea aiming to disrupt our society operating under a system of debt and inefficiencies and will perpetuate a reborn society priding itself on prosperity and innovation above all else.

Stack SATs.

The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. I am not a financial advisor and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.