Buy Bitcoin Now, or Take the Risk That Your Enemies Buy Your BTC
By: Sylvain Saurel
Tags: Btc, Blockchain, Cryptocurrency, Money, Bitcoin

Buy Bitcoin Now, or Take the Risk That Your Enemies Buy Your BTC

Don’t let these enemies steal the Bitcoin Revolution from you.

Image: Ulrik Samsøe Figen — Adapted by Sylvain Saurel

Bitcoin is a real revolution. As in every revolution, missionaries are there to preach the good word to others. These missionaries are there to spread ideas that allow for new perspectives.

I place Jimmy Song in the category of the finest minds in the Bitcoin world.

Recently, I came across one of his tweets that inspired me to write this story:

Jimmy Song’s tweet is a simple sentence:

“Buy Bitcoin or your enemies will.”

In just six words, Jimmy Song highlights an essential idea. It is often the ideas that can be expressed so concisely that are the most powerful, as Nicolas Boileau-Despréaux, a 17th-century French man of letters, once explained:

“Whatever is well conceived is clearly said, and the words to say it flow with ease.”

The idea behind Jimmy Song’s sentence is so powerful that six words were enough to express it perfectly.

Many people don’t realize how scarce Bitcoin is

Many people still hesitate to buy Bitcoin. I still meet people who either don’t believe in Bitcoin or saying that its current price is far too expensive. These people are missing out on an incredible monetary revolution. A unique opportunity that could change their lives forever.

These non-believers don’t realize that Bitcoin is totally different from the U.S. dollar and other fiat currencies. Bitcoin is hard-capped at 21 million units. While the M2 Money Stock, which corresponds to the outstanding supply of the U.S. dollar, is constantly being increased by the Fed, there will never be more than 21 million BTC units put into circulation.

The 7.8 billion inhabitants of the Earth will have to make do with this supply of 21 million BTC. While the population of the Earth will continue to grow in the coming years, the maximum supply of Bitcoin will remain frozen no matter what happens. By 2050, there are expected to be nearly 10 billion people on Earth.

This means that there will be 1 Bitcoin for every 476 people on Earth in 2050.

These figures should make you realize how scarce Bitcoin is. This scarcity is even stronger than that in reality. In fact, it is estimated that the number of BTC lost is between 3 and 4 million. Thus, it is not 21 million BTC that will be usable at most, but probably between 17 and 18 million.

If you don’t understand that owning Bitcoin is essential for your future, others do

If you are not aware of the scarcity of Bitcoin, and especially of the essential role that Bitcoin will play in the world of the future, some people do it for you.

Every Bitcoin that you refuse to buy will be bought by one of your potential enemies, who will have understood the importance of Bitcoin for the world of the future. While the United States refuses to really get involved in the Bitcoin world, countries like Venezuela and Iran are doing so by engaging in Bitcoin mining.

Enemies of the United States, these countries are going to want to get the Bitcoins that the United States could have obtained if they really believed in Bitcoin.

For retail investors, the same thing is happening right now. Many of them seem not to understand that Bitcoin’s price volatility is a feature, not a bug. In fact, when the Bitcoin price drops sharply within a few hours, many of these retail investors start selling their precious BTC.

They often sell at a loss because they let their fear override their sense of logical reasoning.

When the Bitcoin price falls, there is a transfer of wealth between the weak hands and the strong hands

If they decide to sell their BTC, you need to understand that other, smarter investors are buying them instead. This is what has been happening for several days now. With every drop in the Bitcoin price, institutional investors or whales buy the dip.

This represents a transfer of wealth between weak hands and strong hands.

Since entering the Bitcoin world, PayPal buys the equivalent of almost 70% of the supply of new Bitcoins issued. While the arrival of PayPal brings credibility for Bitcoin in the eyes of the general public, it is a real risk for those who buy Bitcoin through this platform.

Indeed, they are not masters of their BTC since they do not have the associated private keys.

If PayPal buys Bitcoin for these customers, the online payment giant buys all the Bitcoins that the weak hands are not capable of buying or HODLing. In 2021, some U.S. banks will come to buy Bitcoin for their customers. There is a great risk that these players will come and steal part of the Bitcoin revolution.

The risk is very real that the enemies from whom Bitcoin is supposed to free us will steal this revolution from us

Bitcoin was created by Satoshi Nakamoto so that the people could regain control over money. Bitcoin is the money of the people supported by the people.

If you don’t take advantage of the incredible opportunity that Satoshi Nakamoto offered to all the people of the Earth, you are missing out on a unique opportunity, and you will let others take advantage of it instead.

Bitcoin is here to help us do without intermediaries like PayPal or American banks. By refusing to buy Bitcoin, you are letting these enemies of the Bitcoin revolution buy your BTC.

Worse yet, you let them lock you into a system that will be similar to the one Bitcoin wants to free you from.

Based on this, what should you do?

You have to understand that you are the only one who can really take care of your future when it comes to money. No one will do it for you, especially not your government. You must seek to deepen your knowledge about money to understand why the current monetary and financial system is flawed and not fixable.

Once you understand this, you will be able to understand the why of Bitcoin. From then on, you will end up buying Bitcoin sooner or later, because you will have understood that this is the only chance for a better future regarding money. A future in which you will have true power over your wealth.

It’s up to you, but time is running out.