It's pretty simple to understand.

**Bitcoin was designed to offer everyone a superior alternative to the fiat system, which is flawed and not fixable.**

For this alternative to be truly sustainable, we need to do everything we can to develop a circular economy centered on the Bitcoin system.

This means pushing more merchants to support Bitcoin as the MoE of everyday life. **It also means adopting the “Spend and Replace your Bitcoin” paradigm** rather than getting stuck in the “HODL Bitcoin no matter what” paradigm.

This latter paradigm is gradually trapping Bitcoin as a simple SoV integrated into the current system. This plays into the hands of BlackRock and the other financial giants who want to rob us of the deeper meaning of the Bitcoin revolution.

**So, if you don't spend your Bitcoin by not using it as an MoE, you're shorting the Bitcoin revolution.**

Don't make this mistake!

originally posted at https://stacker.news/items/697217

If you don't spend Bitcoin you're shorting the Bitcoin Revolution.


I frequently get questions from people asking me if they should buy Bitcoin.

The first thing I always say is that it’s not my job to decide for them.

Bitcoin is there to give you power over your money and ultimately over your life. So I’m not going to tell you what you should or shouldn’t do.

I can, however, share my ideas and opinions on the subject with you to fuel your thought process.

That’s why I wrote the book **[“The Truth About Bitcoin“](https://www.the-truth-about-bitcoin.com)**.

To help as many people as possible build their truth about Bitcoin. If Bitcoin allows you to do this, it is primarily because its motto is: “Don’t Trust, Verify”.

Don’t take my word for it. Don’t take the word of so-called Bitcoin experts.

Instead, answer for yourself the four essential questions that make us Bitcoiners choose Bitcoin to protect the fruits of our labor:

- Do you want to take power over your money?
- Do you want to protect the fruits of your labor?
- Do you want to live your life on your own terms?
- Do you want to own something that is really yours?

The answers to these questions seem obvious to me. In my case, it’s a yes every time.

And that’s why, after studying Bitcoin in depth for several years, I’m convinced that Bitcoin is the best way to protect the fruits of my labor from the ravages of inflation and censorship.

I explore this idea and many others in depth in the book **[“The Truth About Bitcoin“](https://www.the-truth-about-bitcoin.com)**.

It’s up to you.

-----------

**[In Bitcoin We Trust Newsletter](https://inbitcoinwetrust.substack.com/)**

You'll end up buying Bitcoin ... Sooner or Later. Just a matter of time.

Should I buy Bitcoin? Answer these 4 questions.


As expected for several months, **[Bitcoin has become a real political issue](https://inbitcoinwetrust.substack.com/p/bitcoin-is-poised-to-become-a-hot)** in the context of the American presidential election to be held in November 2024.

Donald Trump tried to make people believe he had become a Bitcoiner. He took part in the Bitcoin Conference in Nashville, where he confirmed what I had thought all along: **[he has nothing to do with Bitcoin and was just there to place a few keywords to please pseudo-Bitcoiners](https://inbitcoinwetrust.substack.com/p/donald-trumps-speech-confirms-that)** (who pretended not to understand that he was confusing crypto and Bitcoin ...) more interested in speculation than in the real purpose of the Bitcoin revolution.

Donald Trump took the opportunity to beg for votes, but above all to raise funds. A lot of money. As always with Donald Trump, it's the money that counts above all else.

Robert Francis Kennedy Jr. also came to the Bitcoin Conference, where he demonstrated his real knowledge of Bitcoin. His speeches and interviews clearly showed that he had been working on the subject in depth for months. This is hardly surprising, given that he was one of the first to talk about Bitcoin over a year and a half ago.

Nevertheless, some of his ideas are far-fetched. **[RFK Jr., for example, wants America to buy the majority of Bitcoin in circulation.](https://inbitcoinwetrust.substack.com/p/rfk-jr-wants-america-to-buy-94m-btc)**

Two questions here: with what money? America's annual budget surplus? There isn't any! American debt recently exceeded $35T!

![image](https://www.bitcoinpriceinwords.com/UsDebt_35T.png)

So with what money?

RFK Jr. probably wants to raise more debt to buy Bitcoin every day. Was Bitcoin designed to see a country like America own the vast majority of it via printing American dollars out of thin air?

I don't think so!

But obviously, all the pseudo-Bitcoiners present in Nashville were ultra-enthusiastic about the idea. Why? Because they're only interested in the price of Bitcoin. Sure, such a move would send the price of Bitcoin through the roof in weak money, but is that the point of the Bitcoin revolution?

Now that Joe Biden has stepped aside in favor of Kamala Harris, some were waiting to hear what Harris' position on Bitcoin would be. Well aware that there are votes at stake, Kamala Harris has just given some indication of her plans with Bitcoin, or rather cryptocurrency in general.

Kamala Harris was more modest than Donald Trump, saying she wanted to support policies that would allow the crypto industry to expand. All with safeguards of course...

Nothing too extraordinary, but probably enough to slightly reassure the cryptocurrency industry.

While Kamala Harris' entry into the game has reignited suspense about the outcome of the US presidential election, many say that if Kamala Harris is elected, it will be a disaster for Bitcoin. Others say that if Donald Trump is elected, the price of Bitcoin will soar.

The point I want to make here is simple: who cares who gets elected between Kamal Harris and Donald Trump?

We're talking about two demagogic politicians who will continue to increase America's debt and thus impoverish the population as a whole. It can't be any other way with this flawed and not fixable system.

Bitcoin was designed to offer people a superior alternative to the current monetary and financial system. Bitcoin is accessible to everyone, with no strings attached. Everyone can benefit from Bitcoin.

The purpose of Bitcoin is clear: to enable us to take back power and not be there waiting for the goodwill of these demagogic politicians.

Don't worry about who will be elected and the short-term effects this will have on the price of Bitcoin. The goals of the Bitcoin revolution are long-term, and Bitcoin will continue to advance in its revolution if we keep fighting to develop a circular economy based on the Bitcoin system.

This means reacting and stopping being satisfied as BlackRock and the other financial giants continue to increase their hold on Bitcoin. **[Their secret plan is a takeover by getting their hands on all that Bitcoin](https://inbitcoinwetrust.substack.com/p/blackrocks-secret-plan-to-take-total)** that will never again be used to develop **[this circular economy based on the Bitcoin system](https://inbitcoinwetrust.substack.com/p/spend-and-replace-your-bitcoin-is)** I'm talking about.

The aim of these giants runs counter to the underlying goals of the Bitcoin revolution: to integrate Bitcoin into the current system as a simple store of value, and to financialize it to the hilt via their financial products. The very opposite of what Satoshi Nakamoto created Bitcoin for.

The battle is not lost, but it's time to open our eyes and take up the fight again, so as not to lose sight of the deeper meaning of the Bitcoin revolution.

-----------

**[In Bitcoin We Trust Newsletter](https://inbitcoinwetrust.substack.com/)**

Donald Trump or Kamala Harris? Make No Mistake and Vote for Bitcoin!


Former President Donald Trump has revealed his 20 core promises if elected.

![image](https://www.bitcoinpriceinwords.com/Trump-1.jpeg)

![image](https://www.bitcoinpriceinwords.com/Trump-2.jpeg)

Among these 20 promises, do you see any mention of Bitcoin? Look closely, you'll see nothing!

The man who was ready to make you believe he was a Bitcoiner at the Bitcoin Conference in Nashville now has nothing to say on the subject.

It's proof, if proof were needed, that he's a demagogue, like all the other politicians, who doesn't give a damn about Bitcoin but was simply looking to squeeze money out of Bitcoin influencers who only think about making a profit without thinking about the future of the Bitcoin revolution.

Bitcoin doesn't need these politicians. These politicians now need Bitcoin to get votes, but it's by refusing to give in to them and continuing to defend the principles of Bitcoin that we can make the Bitcoin revolution a complete success.

Let me remind you once again that Bitcoin is intended to replace the fiat system, not to be integrated into it.

-----------

**[In Bitcoin We Trust Newsletter](https://inbitcoinwetrust.substack.com/)**

Donald Trump reveals his 20 core promises without even mentioning Bitcoin once.

Are you surprised to find a politician acting demagogically? You shouldn't be!


The big annual Bitcoin conference, modestly named “The Bitcoin Conference”, will kick off in a few hours in Nashville, Tennessee. The pseudo-Bitcoiners organizing this conference want you to believe this is where the signal for the Bitcoin revolution lies.

These pseudo-Bitcoiners are selling this meeting as the place to be if you're a true Bitcoiner. They have every interest in making you believe this when you quickly look at the prices offered to attend this conference:

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1721984784207-YAKIHONNES3.jpg)

Three packages are available. The first, which already costs $699, or 1,087,585 sats, only gives you access to the last two days of the Bitcoin Conference. The second gives you access to all three days but already costs $3,999, or 6,222,107 sats. Oh yes, at that price you also get access to the Bitcoin 2024 mobile application. What a bargain!

But be warned, if you want to attend this not-to-be-missed conference (according to the pseudo-Bitcoiners who are organizing it) in VIP mode, you'll have to pay $21,000, or 32,674,231 sats. At this price, you'll have access to exclusive sessions such as “Intimate Whale-Only content sessions backstage with top speakers”. Those who have paid $3,999 do not have access to these sessions.

The madness doesn't stop there, as an exclusive event featuring Donald Trump Jr. could be on the program for an additional $3,000!

I thought Bitcoin was a revolution for the people by the people, but reading these prices, I'm starting to have my doubts about these pseudo-Bitcoiners who only seem to want one thing: your money.

The madness continues when we turn our attention to the star of this year's Bitcoin Conference, Donald Trump himself. Formerly a fierce opponent of Bitcoin, since he wanted it banned when he was in the White House for his first term, Donald Trump became a Bitcoin supporter at the beginning of 2024. The reason? Donald Trump realized that he had votes to win by making this 180-degree turn, but also, and above all, a lot of money to make!

It's no coincidence that Donald Trump has accepted Bitcoin donations for his campaign, as well as donations in Shitcoins. With Donald Trump, it's all about getting more money. The fact that Donald Trump accepts Shitcoins donations in addition to Bitcoin donations didn't seem to bother anyone among the organizers and participants of the Bitcoin Conference.

In the country of the blind, the one-eyed man is king.

Donald Trump is expected like a messiah at the Bitcoin Conference. Organizers have only one dream: that Donald Trump will use the occasion to announce that he intends to make Bitcoin America's strategic reserve asset. Some are even dreaming of Donald Trump announcing that he intends to use Bitcoin to back the American dollar.

If you think about it, would this be desirable for the Bitcoin revolution?

Why do we need to keep the US dollar system, when we could use Bitcoin, which is a superior alternative monetary system?

An exchange rate was adopted with gold because paper money is more efficient across space and scales compared to the cumbersome physical properties of gold. Bitcoin solves all these problems. So there's no need to go down this road because countries don't need a fixed exchange rate to trade in Bitcoin.

A fixed exchange rate would run counter to what the Bitcoin system is trying to achieve, as it would force us to trust governments and central bankers not to manipulate the exchange rate. In short, it would lead to the centralization of money. But with Bitcoin, we want to take this power away from governments and central bankers, because we've understood this for a very long time. It's out of the question for central authorities to attempt to control a decentralized currency like Bitcoin.

Bitcoin doesn't need state recognition as a legal tender. Bitcoin is, in essence, legal tender! Legal tender is a fiat tactic used to reinforce the monopoly of governments and central bankers over currencies.

I close this parenthesis to take another look at Donald Trump's appearance at the Bitcoin Conference. Determined to squeeze as much money as possible out of the Bitcoiners who have come to admire him, Donald Trump is offering “a VIP reception, a round-table discussion” and “a photo opportunity with President Donald Trump” as part of the conference. Donald Trump's supreme generosity will cost you $844,600!

If you don't have nearly a million dollars to waste, you can still take a photo with Donald Trump at this VIP reception for $60,000.

Wondering why the $844,600 price tag? After all, Donald Trump could have reached the million mark while he was at it. In reality, the limit is set by campaign finance laws by integrating donations to Donald Trump's campaign and donations to the Republican National Committee.

As you can see, I'm not a fan of this Bitcoin Conference, which is an event disconnected from the core values of the Bitcoin revolution. The conference organizers present this as an event promoting freedom and freedom money, but that's a blatant lie.

Bitcoin is a revolution of the people, supported by the people. This type of conference is nothing but money thrown out the window by pseudo-Bitcoiners who are still clinging to the fiat system and looking to squeeze always more weak money out of those who let themselves be blinded by their influencing side.

The real signal of the Bitcoin revolution will not be in Nashville alongside Donald Trump, who will be looking to make the most money out of such an event when he has nothing to do with Bitcoin. Similarly, **[doubts about Michael J. Saylor's true understanding of Bitcoin's ultimate purpose are growing stronger as he continues to play into the hands of BlackRock](https://inbitcoinwetrust.substack.com/p/the-5-phases-of-bitcoin-acceptance)** and the other financial giants by repeating over and over again that Bitcoin as a means of payment is a distraction.

**[BlackRock's secret plan for total control continues to unfold bit by bit](https://inbitcoinwetrust.substack.com/p/blackrocks-secret-plan-to-take-total)**, and there's no doubt that whichever candidate succeeds Joe Biden in the White House in January 2025, that plan will continue to unfold.

**[The best vote in 2024 and beyond remains Bitcoin](https://inbitcoinwetrust.substack.com/p/faced-with-the-demagoguery-of-politicians)**, but certainly not by wasting your hard-earned money when you can keep it safe within the world's most secure decentralized network to use it in the future for things that are genuinely useful to you and your family.

Before concluding, keep this tweet in mind:

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1721984850883-YAKIHONNES3.png)

Most importantly, the fact that this tweet really launched the regulatory hostilities against Bitcoin and cryptocurrencies in America, as a few days after this tweet, Treasury Secretary Steven Mnuchin delivered this speech:

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1721984880109-YAKIHONNES3.webp)

To read the full speech, click here:

**[https://home.treasury.gov/news/press-releases/sm731](https://home.treasury.gov/news/press-releases/sm731)**

Feel free to tell me in the comments what you think of this Bitcoin Conference, and whether you think wasting your hard-earned money on feeding politicians like Donald Trump and these pseudo-Bitcoiners is something you think is appropriate.

You tell me.

-----------

***[In Bitcoin We Trust Newsletter](https://inbitcoinwetrust.substack.com/)***

The Bitcoin Conference Symbolizes the Loss of Meaning of the Bitcoin Revolution and Its Core Values

You don't need to spend your hard-earned money to fatten up politicians like Donald Trump and pseudo-Bitcoiners who are only out to make a profit off you.


Ten years ago, Bill Gates, Charlie Munger, and Warren Buffett mocked Bitcoin and called it “rat poison squared” when it was worth $425. Warren Buffett and Charlie Munger then repeated their attacks on Bitcoin numerous times.  This shows you something essential: to take advantage of opportunities like Bitcoin, you must be willing to make your own decisions without listening to what others say, whether they are renowned like Buffett or Munger in their field.  Bitcoin teaches you to think for yourself. This is the key to profiting from the Bitcoin revolution. Once you understand this, you will be more careful about who you listen to and what people's incentives are. — This is a comment on: https://yakihonne.com/videos/naddr1qvzqqqy9hvpzp2s8cg78ptt50s52lc4s7fs6t4xxsjw5x7w0uwccnu4wvshv9s92qq24x3z5f9nkgstvxezy5n34xyu82amrw9e4jldtz4d


Ten years ago, Bill Gates, Charlie Munger, and Warren Buffett mocked Bitcoin and called it “rat poison squared” when it was worth $425. Warren Buffett and Charlie Munger then repeated their attacks on Bitcoin numerous times.

This shows you something essential: to take advantage of opportunities like Bitcoin, you must be willing to make your own decisions without listening to what others say, whether they are renowned like Buffett or Munger in their field.

Bitcoin teaches you to think for yourself. This is the key to profiting from the Bitcoin revolution. Once you understand this, you will be more careful about who you listen to and what people's incentives are.


At the start of 2024, you could read everywhere that 2024 would be a historic year for the world in electoral terms. Indeed, more than half the world's population was called upon to vote for their president or members of parliament. As we stand in the middle of 2024, some elections have already delivered their verdict, whether in Taiwan, Russia, India, Indonesia, or the European Union.

Other elections have come as a surprise, such as the French legislative elections, which will be held on June 30 and July 7 respectively. Of course, there remains the big one of this historic electoral year of 2024, with the American presidential election due to take place in November. The whole world is hanging on the outcome of this election. Who will be chosen democratically by the American people, Joe Biden or Donald Trump?

For the moment, Donald Trump seems to be holding the rope, but this election is probably far from having delivered all its surprises.

In any case, as I've watched all these elections around the world, something has jumped out at me. All over the world, it's the same old story. All these politicians are ready to promise the sky's the limit to get elected when most of them have already proved in the past that they'll never change the flawed and not fixable system that enslaves us.

Everyone comes up with their method, supposedly better than that of their competitors, but in the end, the people always suffer. Whether you vote for one candidate or another, you will always be the victim of this system. Some people will say to me: “Yes, but with this candidate, it's not so bad!”

Maybe so.

But in the end, that's not enough to change your life for the better. The damage will be less colossal, but this flawed system will continue to thrive because the real power in this area has long ceased to lie with the White House or other chancelleries. The power lies with the Fed and other major global central banks such as the ECB. The power lies here. And on their side, no change on the horizon!

The ECB continues to push ahead with its digital euro, which will serve to control and monitor the people a little more day by day. Donald Trump says he wants to prevent a digital dollar, but in my opinion, he will only delay the inevitable. The Fed will end up imposing it on you. Sooner or later, unfortunately.

These are the same central banks that are allies of the governments that promote endless wars around the world to find ever more pretexts to print ever more fiat money out of thin air. The more fiat money is printed, the greater the power of these central bankers over the world.

This flawed system we're stuck in is made up of vague promises, empty promises, demagoguery, magic money, but also secret commissions where a few people who don't represent the people decide for hundreds of millions of people all over the world.

That's why I keep repeating that my vote for 2024 and beyond is for Bitcoin. The Bitcoin system as a whole. I'm not just talking about Bitcoin as a financial investment, as some financial giants would like to sell you, but about the Bitcoin system as an alternative to the current system.

Bitcoin's governance is decentralized, computerized, rigorous, and serious. **[You know the rules in advance](https://inbitcoinwetrust.substack.com/p/the-10-incredible-guarantees-the)**. **[You can check the rules of the Bitcoin system at any time, statically or dynamically](https://inbitcoinwetrust.substack.com/p/do-the-math-run-the-numbers-and-youll)**. This transparency will change people's lives. It's also the reason why so many of the current system's elites are up in arms against Bitcoin.

Their concession in recent months has been to welcome Bitcoin, but only in a version integrated into the current system via Bitcoin Spot ETFs. But Bitcoin is much more than that. Bitcoin must not be reduced to just another financial investment. Bitcoin must remain a superior alternative to the current system. A system that people can appropriate to free themselves from the current system.

In the Bitcoin whitepaper, which I invite you to read once again, you'll find lots of inspiring phrases, including the one I'm thinking of as I write these lines:

“The network is robust in its unstructured simplicity.”

The Bitcoin system is a robust network on which we can build a better future for as many people as possible. In these times of election campaigns, past, present, or future, remember that your interest lies with Bitcoin and not with candidates who use Bitcoin to seduce the people. These same candidates will not hesitate to turn their backs on their promises to attack Bitcoin again, because Bitcoin is our best chance to free ourselves from this system that these elites control and of which they are the product whether they want to admit it or not.

It's up to you to decide.

For my part, the vote will be unambiguous: **BITCOIN**.

-----------

**[In Bitcoin We Trust Newsletter](https://inbitcoinwetrust.substack.com/)**

Faced With the Demagoguery of Politicians Everywhere in the World, Bitcoin Is Your Best Bulwark.

More than ever, the world needs a monetary system with decentralized, rigorous and serious governance, free from the risk of manipulation and scheming.


Recently, a growing rumor has taken hold of social networks: Saudi Arabia has ended the petrodollar system. Accounts on X, which follow news from the BRICS countries, are having a field day announcing the death of the petrodollar.

According to these X accounts, a 50-year-old agreement between Saudi Arabia and America has expired. This agreement obliged Saudi Arabia to denominate its oil in dollars. Henceforth, Saudi Arabia would be free to sell its oil in RMB, Euros, Yen, or Yuan and no longer exclusively in US dollars.

Some then went even further, saying that the death of the petrodollar would benefit Bitcoin. For some, everything is supposed to benefit Bitcoin despite common sense... These same influencers found a shortcut by announcing that this would promote the emergence of Bitcoin as the world's reserve currency.

Rather than let the influencers dictate what you should think on the subject, I thought it was essential to take stock of the issue so that you can form your own opinion.

That's what the Bitcoin revolution is all about: Don't Trust, Verify. I'll give you some arguments that you can incorporate into your thought process, and then you can decide for yourself!

To begin with, you need to understand that there has never been such an agreement between Saudi Arabia and America. The petrodollar did emerge in 1974, three short years after the end of the Bretton Woods Agreement, but there is no written agreement. The U.S. dollar is not backed by Saudi kings or oil but rather by the fact that U.S. Treasury bonds are the most liquid market in the world. An agreement between Saudi Arabia and America has nothing to do with that.

On the other hand, if the BRICS governments want to break away from the US dollar, they're not going to do it with press releases. Nor can they do so by choosing to denominate their oil in anything other than US dollars. That would have no impact.

Denomination doesn't matter; what matters is what's held in cash balances.

To weaken the US dollar, governments can only choose to put their cash reserves into assets other than US Treasury bills. The problem boils down to that phrase you've been hearing for decades about the US dollar: There Is No Alternative. You may be more familiar with the acronym TINA.

The Euro is a dollar to which you add European risk. China doesn't have an open capital market for foreign governments to hold its bonds, unlike the US dollar. The other economies are too small. What's more, their monetary and fiscal policies are frequently worse than those applied in America. Gold is too expensive to move and verify.

If governments wanted to move into gold, they would negotiate and work out authorization mechanisms instead of issuing meaningless press releases. Such a gold switch could only take place if governments were to return to a gold standard, but this is not the path being followed, as all countries are statist.

A move towards gold would, however, open their eyes to an obvious reality. To challenge the domination of the dollar king, we need to turn to Bitcoin. But the BRICS countries are still a long way off. As you can see, China, Russia, India, and Saudi Arabia have no desire to cede their monetary sovereignty to a neutral, apolitical system that belongs to the people.

Bitcoin is synonymous with freedom in the broadest sense of the word, whether financial or personal. Do you think that the Chinese Communist Party wants to offer its people such freedom on a platter?

For the Chinese Communist Party, freedom is synonymous with danger. The CCP has installed a society of mass surveillance in China over the past few years, and there's no question of turning back. On the contrary, the e-RMB is in an advanced testing phase and is the last missing piece in China's mass surveillance system.

The idea that the BRICS countries are opting for Bitcoin together seems to me to be mistaken, but only time will tell. In any case, beware of all these announcements of the imminent death of the dollar king or the petrodollar system. These announcements have been going around for years, yet the dollar is still the hegemonic king!

-----------

**[In Bitcoin We Trust Newsletter](https://inbitcoinwetrust.substack.com/)**

The End of the Petrodollar With Bitcoin As the Big Winner?


Nayib Bukele denounces the imposture of the Federal Reserve.

“The Federal Reserve is nothing federal and has no reserves. They rob you from your wealth and from your savings and that’s immoral. It’s not only immoral but it also destroys some basic economic principles like saving.” - Nayib Bukele 🔥


Amen! — This is a comment on: https://yakihonne.com/video/naddr1qvzqqqy9hvpzp2s8cg78ptt50s52lc4s7fs6t4xxsjw5x7w0uwccnu4wvshv9s92qq2kv4e5tgcrza64xftkywr6x4zxxmjgfg6kw4sspea


Has Donald Trump become a Bitcoiner?

🇺🇲 "I will ensure that the future of cryptos and Bitcoin is made in the United States. I will support the right to self-custody for the country's 50 million crypto owners. I will keep Elizabeth Warren away from your Bitcoins."

Donald Trump, at a presidential campaign rally.

Sudden realization or pure demagoguery in the run-up to the US presidential election?

Your thoughts?


**[Since the approval of Bitcoin ETFs based on the spot market](https://inbitcoinwetrust.substack.com/p/bitcoin-spot-etfs-trojan-horse-yes)** at the beginning of 2024, it seems clear that we're getting closer day by day to a new civil war in the Bitcoin world.

You may not have experienced the previous one, commonly known as “**[The Blocksize War](https://amzn.to/4bHLcOH)**” that took place between 2015 and 2017, but this new civil war that's looming promises to be intense.

The positive thing to remember about the previous civil war that took place is that Bitcoin once again emerged stronger than ever. Bitcoin generally always emerges stronger from such events, but the big question is whether Bitcoin remains true to the original meaning of its revolution or turns away from what Satoshi Nakamoto envisioned when Bitcoin was created.

Bitcoin was first created as “A Peer-to-Peer Electronic Cash System”.

Now some, like Michael J. Saylor, would have us believe that Bitcoin as a means of exchange or payment is just a distraction. Michael J. Saylor is pushing in the direction of financial giants like BlackRock, who would like to reduce Bitcoin to a formidable store of value. Their goal? To integrate Bitcoin as seamlessly as possible into the current monetary and financial system, so as to line their own pockets!

That's not what Bitcoin was created for. To pretend that it was is nothing short of intellectual dishonesty.

Above all, it means making Bitcoin a little more centralized every day, taking the risk that it will come under the control of the powerful people at the head of the current system. Over the past few weeks, you've seen a growing number of headlines suggesting that more and more banks have bought into Bitcoin, as have a number of financial institutions.

In reality, **[these banks and financial institutions have just invested in Bitcoin Spot ETFs from BlackRock or other financial giants](https://inbitcoinwetrust.substack.com/p/no-blackrock-does-not-own-1-of-the)**. Since the majority of these financial giants don't own the private keys of the Bitcoin they hold on behalf of their clients, you begin to see that the whole thing is a monumental, but mostly centralized, house of cards.

90% of the financial giants who have launched their Bitcoin Spot ETFs use Coinbase to manage their Bitcoin. Everything is centralized in Coinbase. Potential attackers wishing to undermine this system need only target Coinbase...

A far cry from the decentralized ideal of the Bitcoin system.

What's even more worrying is that all the Bitcoin held by Coinbase on behalf of these financial giants for their clients is blocked and therefore unusable. There's always this desire to reduce Bitcoin to a store of value, whereas Bitcoin needs to circulate and be exchanged in order to exploit the full potential of the Bitcoin system.

Bitcoin is gradually being marginalized by being integrated into the current system. This is the danger that Bitcoin influencers, more than ever attracted by the lure of profit, refuse to denounce. Opposite them, you'll find long-standing contributors to Bitcoin Core who take offense at this situation and, like yours truly, raise alerts to the community. Unfortunately, these alerts carry little weight in the face of the speculation that some prefer to promote.

Matt Corallo, one of the main contributors to Bitcoin Core, states in a blog post that the next few years will be as crucial for Bitcoin as the famous “Blocksize War” I mentioned earlier.

According to Matt Corallo, Bitcoin was always conceived as a way for individuals to carry out P2P transactions, without the control or interference of a third party. However, this original ideal is now under threat. You can't say I haven't been warning you about this potential risk for months.

While the Bitcoin community has long focused on improving the network's transactional capabilities via solutions such as the Lightning Network, this effort is now coming up against a major stumbling block: the inevitable presence of a centralized, unreliable party in the payment flow.

“Unfortunately, all the ideas for making Bitcoin (or any other cryptocurrency) useful for transactions tend to have an unreliable part in the flow of funds,” laments Matt Corallo. And these centralized parts are increasingly being targeted by regulators.

Indeed, no current solution enables fully decentralized end-to-end crypto transactions. This loophole leaves the door open to increased and potentially coercive regulation of these payment intermediaries, warns Matt Corallo.

The regulatory tightening against players in the Bitcoin and cryptocurrency world and the ambiguous positioning of part of the Bitcoin community have Matt Corallo fearing the worst. Some now see Bitcoin as nothing more than a speculative asset and reject the non-KYC payment rails that are vital to preserving users' freedom.

To top it all off, **[the increasing centralization of mining](https://inbitcoinwetrust.substack.com/p/a-close-up-look-at-the-bitcoin-mining)** could be the weak link through which stifling regulation would descend on Bitcoin. Matt Corallo warns that the Bitcoin ecosystem is plagued by infighting, and today lacks the necessary weapons to counter these existential threats.

The future of Bitcoin as a tool for global financial freedom has never been more uncertain. Without community mobilization, the dream of a free and decentralized Bitcoin could quickly turn into a nightmare.

Matt Corallo's warning should sound like an electroshock!

To save Bitcoin and its original ideal, a crucial battle is looming on several fronts: drastically improve wallet confidentiality, work towards regulatory change, deploy scalability solutions on a global scale, but also fight to ensure that Bitcoin remains an alternative system and not one integrated into the current system.

Without awareness and massive efforts in this direction, the Bitcoin revolution may well fail to reach its full potential. That would be a huge waste!

-----------

**[In Bitcoin We Trust Newsletter](https://inbitcoinwetrust.substack.com/)**

After 2017’s Blocksize War, Is a New Civil War on the Horizon in the Bitcoin World?

Bitcoin Influencers Vs. Bitcoin Core Developers, or supporters of a Bitcoin integrated within the current system Vs. supporters of a truly decentralized alternative system.


Bitcoin highlights the virtues of programmatic monetary policy where everything is predictable.

The rules of Bitcoin's monetary policy are known in advance, and human arbitrariness can't change a thing. That's why I keep telling you that **[Bitcoin's guarantees are linked to its protocol](https://inbitcoinwetrust.substack.com/p/the-10-incredible-guarantees-the)** and that they enable you to protect the fruits of your labor over time.

**[Bitcoin is nothing less than the best money ever created.](https://www.instagram.com/p/C5-ZklyqRVb/)**

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1713772547658-YAKIHONNES3.jpg)

**Bitcoin is based on a decentralized network**. No one can stop the Bitcoin network because of this decentralization.

**Bitcoin is based on superior monetary attributes**. A hard-capped BTC supply of 21 million units no matter what. A programmatic monetary policy that allows you to **[avoid the stress that investors in the current system have at every Fed meeting](https://inbitcoinwetrust.substack.com/p/bitcoin-solves-the-number-one-problem)**. Rather than trying to fight the Fed on its playing field, that of the current system, the best thing you can do is move the fight to the playing field that's in your favor: that of Bitcoin. Bitcoin is the people's currency!

**Bitcoin is borderless**. You can transfer your wealth to the other side of the planet in an instant. No one can censor you if you have the private keys to your Bitcoin. No one can demand that you justify the use of the fruits of your labor. It's your money and you use it as you wish.

**Bitcoin is permissionless**. Anyone can participate in the Bitcoin network. I'd go so far as to say that everyone must participate in the Bitcoin network. **[Becoming a node on the Bitcoin network is open to everyone](https://inbitcoinwetrust.substack.com/p/here-is-the-main-reason-why-you-must)**, with no strings attached. This will enable you to check for yourself that the rules of the Bitcoin protocol are being verified at all times. It will also enable you to support the Bitcoin network!

Opting for the Bitcoin system goes far beyond mere financial appeal. It's a different way of looking at your life. It's your best chance to take back the power over your life by putting yourself outside the arbitrariness of the current system. With Bitcoin, you secure the fruits of your labor with a unit of wealth without a counterparty. A unit of wealth independent of the yoke of central bankers and governments.

-----------

**[Enjoy this article as a video on Instagram.](https://www.instagram.com/p/C5-ZklyqRVb/)**

-----------

**[In Bitcoin We Trust Newsletter.](https://inbitcoinwetrust.substack.com/)**


Bitcoiners have been saying for years that the current monetary and **[financial system is suffering from deadly sins that will inevitably lead to its collapse](https://www.inbitcoinwetrust.net/the-seven-deadly-sins-of-the-current-monetary-and-financial-system-that-will-cause-its-collapse/)**:

1. Infinite monetary inflation

2. Ever-growing debts

3. An opaque and corrupt banking system

4. Market manipulation

5. Censorship

6. A system that doesn't evolve

7. The U.S. dollar as the hegemonic reserve currency

Yet, a majority of people refuse to face reality to discover the truth. Why? Because this truth is probably disturbing.

This is quite logical because the educational system has done everything since an early age to keep you in blissful ignorance about money and economic issues.

The reason was mentioned by Henry Ford almost a century ago:

> "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

Before Bitcoin, you had no way to peacefully protest this flawed and not fixable monetary and financial system.

Bitcoin is a unique game-changer for humanity. A unique opportunity to change your future for the better, but also the future of the many, because Bitcoin is special in that it reconciles individual interests with those of the collective.

But to take full advantage of the Bitcoin system, you have to open your eyes to the current system. If you don't understand the problem, you won't be able to take full advantage of the solution.

The big question is, will you be willing to accept this inconvenient truth about the system that has been imposed on you forever and that keeps impoverishing you?

You'd better do it, but initially, it's bound to be disturbing. But once you've taken that initial step, you'll see that you'll be able to understand the reason for Bitcoin.

From then on, you will be able to take control of the fruits of your labor and change your future for the better. The ball is in your court.

With my book "**[The Truth About Bitcoin](https://www.the-truth-about-bitcoin.com/)**", I am modestly trying to contribute to the ongoing construction of the Bitcoin revolution.

My goal is to allow you to verify for yourself by sharing ideas and opinions. After reading this book, I'm sure you'll finally understand why Bitcoin is your best ally in peacefully (and effectively) protesting the current system.

-----------

**[Subscribe to In Bitcoin We Trust Newsletter for more insights on Bitcoin.](https://inbitcoinwetrust.substack.com/)**

Bitcoin Is Our Best Peaceful Weapon to Take Down the Banksters.


Some numbers to start this article.

The US Government currently makes about $12.2 billion per day, while they spend $17.7 billion.

This overspending of $5.5 billion per day will add up to a total of $2 trillion of overspending for the year.

America's debt is now approaching $35T to $34.6T!

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1711522186149-YAKIHONNES3.png)

The debt to GDP ratio is 123%. To say that in early America, debt was something taboo. Things have changed a lot!

If the government were an individual or a company, it would have been bankrupt a long time ago.

But unfortunately, the government is not subject to the same rules as you and me.

What's the implication of this?

Since the government is not going bankrupt, someone has to pay.

Citizens like you and me are the people that will pay for that. We are paying the bill for the government's repeated bad decisions for decades.

Some will tell me that they did not receive an explicit invoice.

Think about it and you will see how this bill comes to you.

The bill comes in two ways: higher taxes and inflation. Inflation is the price people pay for the fiscal irresponsibility of the government.

The fiat monetary system isn't designed to favor the masses.

You have a way out. This way out is the Bitcoin system.

A choice has to be made. Continue to be abused by the government or take power via Bitcoin which is a unit of wealth independent of the yoke of central bankers and governments.

You decide.

---

**[Watch this as a video on TikTok.](https://www.tiktok.com/@sylvain.saurel/video/7350940610825702689?is_from_webapp=1&sender_device=pc&web_id=7264123031945446944)**

Faced With the Infinite Debt of the US Government, Citizens Have Only One Option to Preserve Their Future: Bitcoin.


Throughout 2023, candidates in America's Democratic and Republican primaries have been trying to ride the Bitcoin wave.

From Vivek Ramaswamy to Robert Francis Kennedy Jr. many of the candidates were demagogues.

Overnight, they presented themselves as defenders of the people in the face of the CBDCs' risks.

Robert Francis Kennedy Jr. seemed the most convincing, evoking the liberating power of the Bitcoin revolution for the people.

Robert Francis Kennedy Jr. was even invited to Bitcoin conferences to express his point of view.

All the Bitcoiners seemed delighted, but right from the start, I explained that we had to be wary of these demagogues who were aiming to do just one thing with Bitcoin: try to seduce more voters.

Back then, I already explained what I thought was the best vote for 2024 and beyond: **[Bitcoin](https://inbitcoinwetrust.substack.com/p/for-2024-and-beyond-vote-bitcoin)**.

Voting for Bitcoin means securing the fruits of your labor within the world's most secure decentralized network.

Voting for Bitcoin means voting for a better world in the future. A fairer world that we're trying to build block by block.

To vote for Bitcoin is to vote for a world in which the global reserve currency will not promote endless wars.

Voting for Bitcoin is a no-brainer once you understand why.

My fears and skepticism were confirmed recently when I saw Robert Francis Kennedy Jr. sporting a Sh*tcoin badge while posing with a voter at the end of a rally.

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1710944442891-YAKIHONNES3.jpg)

You must beware of these demagogic politicians.

The way forward is Bitcoin. Don't be fooled by those who want to take advantage of Bitcoin to con you.

For 2024 and beyond, only one vote: BITCOIN.

---

More Reading: **["Everything You Need To Know About Covenants, the Next Big Potential Bitcoin Development After Taproot."](https://inbitcoinwetrust.substack.com/p/everything-you-need-to-know-about)**

---

**[Want to know why being a Bitcoin Trader is a losing strategy? This video could help you.](https://www.tiktok.com/@sylvain.saurel/video/7344407238716575009)**

Robert Francis Kennedy Jr. Promoting Sh*tcoins Confirms That the Only Vote Worth Having for 2024 and Beyond Is BITCOIN

Beware of demagogic politicians who want to use Bitcoin to seduce the people.


**[The price of Bitcoin has just broken a new ATH at $69.1K.](https://inbitcoinwetrust.substack.com/p/new-ath-at-691k-liquidation-to-59k)**

The price of Bitcoin is now around $67K.

The best is yet to come for Bitcoin with the fourth Bitcoin Halving expected in around forty days.

However, one of the historical opponents of Bitcoin continues to refuse to open his eyes.

I named Warren Buffett.

Warren Buffett Says He Wouldn't Pay $25 For All The Bitcoin In The World.

Warren Buffett Considers Bitcoin and generally Cryptocurrencies as 'Rat Poison'.

Warren Buffett warns:

> "I Can Say With Almost Certainty That They Will Come To A Bad Ending".

You can make the mistake of taking Warren Buffett's word for it or think for yourself.

In my opinion, you would do well to think for yourself, because a few months ago, Warren Buffett revealed why he hated Bitcoin.

And this has everything to do with two human feelings that lead so many people to their downfall: envy and jealousy.

Here's what Warren Buffett said at the time about why he wasn't buying Bitcoin:

> “I don’t know how to turn back the clock on Bitcoin.”

What drives Warren Buffett crazy is not that Bitcoin is a scam, but that he does not want to pay the price of $67K for his Bitcoin.

Warren Buffett can't bear to arrive later than those who understood Bitcoin before him.

Warren Buffett made the classic mistake that is still holding back so many people in 2024.

In my opinion, you need to stop looking at the past. You can't change the past. On the other hand, by focusing on the present, you can change your future for the better with Bitcoin.

You will do like everyone else: you will pay for your Bitcoin at the price you deserve.

This is how it is and there is no privilege with Bitcoin. This is why Warren Buffett does not support Bitcoin. It is an open and transparent system that gives the same opportunities to everyone.

However, Warren Buffett has advantages within the current system that he will never have within the Bitcoin system.

Don't make the same mistake as Warren Buffett!

---

**[This article was published on TikTok.](https://www.tiktok.com/@sylvain.saurel/video/7343915753755774240?is_from_webapp=1&sender_device=pc&web_id=7264123031945446944 )**

Warren Buffett Continues to Refuse to Open His Eyes to Bitcoin Saying He Wouldn't Pay $25 For All The Bitcoin In The World.


Are you wondering why the Bitcoin price corrected so sharply after the new ATH in USD on March 5, 2023?

Are you also wondering why the Bitcoin price rebounded so strongly to give us a Dalai Lama pattern?

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1709736455236-YAKIHONNES3.png)

The answer is already here.

As far as the Bitcoin price correction is concerned, we understand that it was fuelled by a Bitcoin OG who sold for 1,000 BTC that he had been able to acquire during 2010 by participating in the early months of the Bitcoin network.

Massive liquidations of long positions did the rest.

As for the strong rebound, it's always the same explanation: the voracious appetite of Wall Street giants for Bitcoin.

March 5, 2023, saw BlackRock achieve its biggest-ever accumulation of BTC in a single day.

An additional 12,623 BTC brought BlackRock's total BTC holdings to 183,345 BTC.

BlackRock will overtake MicroStrategy and its 193K BTC very soon.

With so much demand for Bitcoin, and with the fourth Bitcoin Halving fast approaching, we can imagine that there won't be many more dips of this kind.

In any case, BlackRock has clearly understood one of the essential rules with Bitcoin: Buy The Fucking Dip!

---

**[More details are in this TikTok video.](https://www.tiktok.com/@sylvain.saurel/video/7343250092918312225)**

---

Interesting reading: **["New ATH at $69.1K, Liquidation to $59K, Full Retracement to $67K: Bitcoin Price Offers Us a Dalai Lama Pattern!"](https://inbitcoinwetrust.substack.com/p/new-ath-at-691k-liquidation-to-59k)**

BlackRock Knows the Most Important Bitcoin Rule: BTFD!


Coinbase is the most widely used cryptocurrency exchange platform in America. And by far!

Whether you like Coinbase or not, Coinbase is a key player in the Bitcoin world.

When an American buys Bitcoin for the first time, he or she is likely to do so by creating an account on Coinbase.

Coinbase was founded by Brian Armstrong in June 2012 and has weathered all the storms that have sunk many of the major players in the cryptocurrency world at one time or another.

Coinbase is a publicly listed company, which obliges Coinbase to be more serious with regulators. Coinbase therefore has guarantees of seriousness that other exchanges don't have, rightly or wrongly. But that's how it's perceived by the general public.

Coinbase has further strengthened its position in the sector by joining forces with the majority of Wall Street giants who launched their Bitcoin Spot ETFs at the beginning of 2024. Coinbase secures over 90% of all Bitcoins held by these Wall Street giants. Only Fidelity has made the right choice, deciding to use its self-custody solution.

Coinbase can hardly be described as a small exchange without the means to match its ambitions.

Coinbase has what it takes to ensure continuity of service, enabling users to act as they wish even when euphoria grips the Bitcoin and cryptocurrency markets.

However, for years now, Coinbase has been experiencing major computer bugs every time the price of Bitcoin has risen spectacularly, interrupting the upward trend.

Each time, the same message from Coinbase explains that the platform is saturated due to the massive influx of users. Some even predict a Mt. Gox-style fate for Coinbase in the future. It seems hard to imagine, but who knows, Coinbase seems so overwhelmed by what's in store for Bitcoin in the future.

Lately, Coinbase has been giving users passing through its platform the cold sweats by suddenly displaying a portfolio at ZERO dollars.

Coinbase apologizes every time, and the general public who uses Coinbase seems reassured without even learning the lesson it represents.

Yet it seems to me that the lesson is obvious:

**If you keep your Bitcoin on Coinbase or any other exchange platform, you own nothing. Your balance is really at ZERO.**

You trust a third party like Coinbase to secure the fruits of your labor, but at any moment Coinbase can tell you that the platform has been hacked and you have nothing.

You're at ZERO.

So how can you be sure of how much BTC you have? It's obvious: take possession of your Bitcoin's private keys by withdrawing your Bitcoin from Coinbase and other exchange platforms.

Bitcoin is a long-term revolution. You have no interest in letting a third party secure your Bitcoin. Take possession of your Bitcoin, and you'll never again have that feeling of dread when you see a scale reading ZERO on Coinbase or elsewhere.

Bitcoin gives you everything you need to take complete power, but you have to make the effort to take that power. The first step is to secure the fruits of your labor yourself.

This famous meme will help you remember: **[Not your Keys, Not your Bitcoin](https://www.notyourkeysnotyourbitcoin.com/)**.

---

**[This article was published as an issue of In Bitcoin We Trust Newsletter.](https://inbitcoinwetrust.substack.com/p/its-not-a-bug-your-bitcoin-balance)**

It’s Not a Bug, Your Bitcoin Balance on Coinbase Is Worth ZERO Dollars.

Coinbase's Bugs Every Time the Bitcoin Price Rises Dramatically Are a Reminder.


Friendly Reminder.

Whether the price of Bitcoin reaches $100K or $1M doesn't change the objectives of the Bitcoin revolution.

The only thing that matters is that 1 BTC = 1 BTC.

The only thing that really matters is that you have the guarantee that 1 BTC in 2024 will still be equal to 1 BTC on 21 million units 1 year, 5 years, and 50 years from now.

Bitcoin changes the game by making hard money available to everyone, based on a P2P system that gives power back to the people.

No one can censor you in the use of your Bitcoin as long as you have the private keys to your Bitcoin.

Bitcoin Spot ETFs play an important marketing role today, but the Bitcoin revolution is more important.

Study Bitcoin.

Understand what money is and why the current system is flawed and not fixable. Once you understand the problem with the fiat system, you'll really appreciate the Bitcoin solution.

You'll then understand that the goal for the future isn't to get rich in WEAK MONEY but rather to help build a circular economy based on the Bitcoin system.

In this context, the aim is to own Bitcoin, not fake BTC via those Bitcoin Spot ETFs that take the power away from you.

The only way to have power with your Bitcoin is to own your Bitcoin's private keys - otherwise, you own nothing!

The most important thing is to educate as many people as possible about Bitcoin and its potential as a superior monetary system.

Once you've understood that Bitcoin is the exit strategy, you'll be on your way to freedom as a sovereign individual.

Bitcoin gives you back the power over your money, which then has enormous consequences for your life.

Bitcoin enables everyone to live life on their own terms.

So it's never too late to buy Bitcoin and opt for the Bitcoin system.

It's up to you to make the best decision for your future.

---

**[This article was first published in Best Bitcoin Books.](https://www.bestbitcoinbooks.com/forget-the-bitcoin-price-in-usd-the-only-thing-that-matters-is-that-1-btc-1-btc/)**

Forget the Bitcoin Price in USD, the Only Thing That Matters Is That 1 BTC = 1 BTC


Some people still wonder why Bitcoin is essential to the future of humanity.

Just a few days ago, Jim Cramer made a fool of himself by declaring that “*Bitcoin has done nothing for mankind”*.

For Jim, but also for all those who still refuse to study the why of Bitcoin, I'm going to try to open their eyes so that they understand why Bitcoin is essential for the preservation of human rights.

All in the hope that these few lines will inspire them to study Bitcoin further, because that's the key!

It's clear that governments the world over want to do away with cash. Some countries are more advanced than others in this strong trend, but they all want the same thing for the future: the disappearance of cash.

Cash payments are becoming increasingly rare, and everything is being done to favor credit card payments, whether online or in the physical world. This should make you wonder about the implications of a cashless society in the future.

A cashless society where money is controlled by governments, and therefore totally centralized.

As a citizen, what would this mean for you? You would immediately lose your right to financial privacy.

Some people will make the mistake of thinking that this is no big deal because they have nothing to hide since they're not doing anything illegal with their money. This is the reaction of the majority of the general public. Unfortunately, this is a very serious mistake.

The moment you lose your financial privacy, you give even more power to governments and corporations. For these entities, what you buy and sell with your money says more about you than your own words.

When you purchase with cash, the merchant has no information about your identity. Conversely, when you purchase with your bank card, it's a disaster for your privacy, as the merchant can accumulate a whole heap of data about you. Worse still, this data is cross-referenced with other data about you obtained through other purchases or on other Internet platforms, giving a slightly more complete profile of you each time.

Eventually, without you even realizing it, governments and corporations will have succeeded in creating a complete profile of you and your habits.

On the other hand, there's Bitcoin. Bitcoin is a Peer-to-Peer Electronic Cash System invented by Satoshi Nakamoto and which has been operating virtually non-stop since January 3, 2009.

Bitcoin frees you from unnecessary intermediaries when making a payment. No more intermediary banks collecting data. No more banks charging you exorbitant fees to make payments. No more intermediaries like PayPal or Visa who also take their share of fees.

With Bitcoin, you're in control. There's no need to trust a third party - everything happens directly between two people. This means that by using Bitcoin for your payments, governments and corporations can't accumulate all that data about you. Of course, this requires you to take certain precautions in your use of Bitcoin, but Bitcoin makes it all possible.

In the future, it seems clear that the general public will be faced with 3 options:

- State Money
- Corporate Money
- People's Money

We've seen that Facebook (now Meta) tried to move in this direction in the past with its Libra digital currency project, which was quickly killed off by the American authorities, well aware of the danger to their power, which is intimately linked to the US dollar.

You've understood that Bitcoin is People's Money. It's your way out of the current system, which is flawed and not fixable.

Despite the incredible success of the Bitcoin revolution so far, Bitcoin is still in its infancy, as very few people on earth have understood the why of Bitcoin and are using Bitcoin.

Yet the Bitcoin revolution must survive and thrive for the good of all humans. If the Bitcoin revolution reaches its full potential, all humans will have access to money with the following characteristics:

- Bitcoin cannot be censored by the authorities.
- Bitcoin cannot be devalued by governments. Bitcoin supply is hard-capped at 21 million units no matter what.
- Bitcoin cannot be manipulated by corporations. All Bitcoin users are equal.
- Bitcoin cannot be easily monitored.
- Bitcoin is global. Bitcoin transcends borders.
- Bitcoin is accessible to everyone, with no strings attached. Anyone can use Bitcoin, but what's even better is that anyone can (and should) participate in the network by becoming a node of the network to verify everything for themselves. Don't Trust, Verify.

With its unique characteristics, Bitcoin helps every human being preserve their fundamental rights: privacy, banking, freedom of speech, and savings.

With Bitcoin, everyone can express themselves freely without fear of having their money seized. Everyone can have access to basic banking services, which is essential in Africa, for example. You can save again without fear of inflation destroying the fruits of your labor through an infinite fall in purchasing power over time. You can transact with anyone, anywhere in the world, for any amount, without asking anyone's permission. In the Bitcoin network, your money is really yours. The decentralized Bitcoin network makes it all possible.

The next time someone tells you that Bitcoin has done nothing for humanity, you'll know what to say. Bitcoin is an opportunity for humanity, and it's up to us to seize it.

---

**[This article was first published in an issue of In Bitcoin We Trust Newsletter.](https://inbitcoinwetrust.substack.com/p/jim-cramer-is-wrong-once-again-bitcoin)**

Jim Cramer Is Wrong Once Again. Bitcoin Is Essential for the Future of Humanity.


Since the beginning of 2024, there's only one word on everyone's lips when it comes to Bitcoin: its price!

The entry of the financial giants into the world of Bitcoin has changed the game in terms of demand, with an ever-increasing demand for BTC that nothing can satisfy.

BlackRock, Fidelity, and the other Wall Street giants are now approaching 4% ownership of Bitcoin's circulating supply.
In the face of all this excitement, some would almost forget that the price of Bitcoin isn't the most interesting thing in the Bitcoin world.

The price of Bitcoin in weak money remains important to play an essential marketing role and help more people get interested in Bitcoin, but in the end, there's much more interesting when you've understood the why of Bitcoin.

**That's why I'd like to talk here about upcoming innovations in Bitcoin Mainnet or the Bitcoin ecosystem.** The following come to mind:

- BitVM, with the potential arrival of smart contracts in the Bitcoin world.
- Stratum V2
- Machankura
- Miniscript and all the innovations that will build on it.
- Future developments around the Lightning Network.
- Enhanced confidentiality with BIP 47 and BIP 324
- BIP 119
- Fedimint and Cashu
- Nostr
- ...

I'll stop here, as the list is far from exhaustive.

So my question is simple: **which Bitcoin innovations are you most excited about?**

---

More: **[10 Upcoming Innovations That Could Transform Bitcoin and Its Ecosystem.](https://inbitcoinwetrust.substack.com/p/10-upcoming-innovations-that-could)**

What innovations around the Bitcoin system are you most excited about?


The price of Bitcoin is approaching $60K. At the time of writing, it stands at $57.2K.

The buying fever of financial giants such as BlackRock and Fidelity for Bitcoin explains this upward thrust in the price of Bitcoin, which nothing seems able to stop in the immediate future.

Every day, more BTC units are absorbed by these financial giants.

Whether this is a good thing or a bad thing from the point of view of the Bitcoin revolution and the fact that it takes us further away from everyday use of Bitcoin as a means of payment and exchange by the general public, we have to admit that it's happening.

BlackRock has just held a private event at which several strong ideas were pushed to institutional investors.

The BlackRock analyst himself explained that a 28% allocation to BTC in a portfolio is "not unreasonable".

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1709098510069-YAKIHONNES3.png)

The analyst is promoting BlackRock's Bitcoin ETF here, but it should serve as an electroshock to the general public that Bitcoin is now an opportunity not to be missed.

The key here is to get the message across that ownership of Bitcoin only exists when it's done directly by taking possession of the private keys. Not an easy task, but it's the message we need to get across as Bitcoiners.

Even more interesting is the fact that, despite the current price of Bitcoin, the term "How to buy Bitcoin" is at a very low level on Google Trends.

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1709098526418-YAKIHONNES3.png)

This is a far cry from the level reached in the summer of 2023, the level reached at the end of 2022 when the FTX scam came to light, and even farther from the level reached at the end of 2017 when the price of Bitcoin practically reached $20K for the first time.

Just imagine what's going to happen to the Bitcoin price when the fourth Bitcoin Halving takes place and retail investors start coming in to buy Bitcoin.

It's going to be massive, and forecasts of a Bitcoin price above $100K by the end of 2024 are gaining momentum in my opinion. Tom Lee of Fundstrat even believes that the price of Bitcoin could reach $150K due to the combination of the first two factors, Bitcoin ETFs and Bitcoin Halving.

To these two factors, we must add the Fed's monetary policy pivot, which will probably take place in mid-2024.

In short, all factors will converge at the same time to push the price of Bitcoin to heights never seen before.

Throughout this unprecedented bullish surge, the key will be to prevent people from ending up lost in Sh*tcoins by giving in to greed, as happens in every Bull Market.

To do this, the key will be to remind people again and again of the profound meaning of the Bitcoin revolution, and above all, that the purpose of Bitcoin doesn't change whatever the price of Bitcoin in weak money.

In the end, this only serves to attract more users, whom we need to awaken to our goal: the development of a circular economy based on the Bitcoin system, so that we have a genuine alternative to the debt-based system, which is flawed and not fixable.

As Bitcoin Heads for $100K, Don’t Forget the Deeper Meaning of the Bitcoin Revolution.

Bitcoin is your way out of the current system that is flawed and not fixable.


Monetary inflation is a silent assassination that kills your purchasing power slowly but surely.

The current system is flawed and not fixable.

$1,000 in 1971 will only represent a purchasing power of $123 in 2024:

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1708952322340-YAKIHONNES3.jpg)

In 53 years, the purchasing power of the US dollar has dropped by -87.7%. This is abominable!

To simply maintain your purchasing power, you would have had to find an investment that would allow you to transform that $1,000 from 1971 into $7,615:

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1708952348762-YAKIHONNES3.jpg)

Investments that can turn $1,000 into $7,615 in 52 years do exist.

However, they are not available to those who need them most, and more importantly, why would you need to make investments, and therefore take risks, when you would simply like to maintain your purchasing power without risk by using your fundamental right to saving the fruits of your labor?

Under the current system, this is impossible.

If you decide to save the fruits of your labor in a bank account, you will let inflation impoverish you silently, while putting the fruits of your labor in the hands of a third party who will take control of them and may confiscate them for totally arbitrary reasons.

So you will have to invest.

The do-gooders of the current system will tell you that there is no lack of options:

* Real estate.
* Shares on the stock market.
* Bonds to bet on the American dollar.
* Gold.
* …

I stop here because these are the most common investments. Other more complex products exist, but the problem is the same, as you will see.

By buying real estate, you will think that you own something that is yours and that is rare. So it should increase in value over time.

This is a possibility, but you still have two risks: the risk of confiscation by the State for arbitrary reasons, and the risk that developers will come and build more real estate right next to yours, making it less rare, and thus lowering its value.

Not ideal, you will agree.

So you can go to the stock market. Warren Buffett keeps telling you how great it is… You will fall into a manipulated market where your shareholding can be diluted at any time if the founders want to issue more shares.

You probably won’t have a say at your level!

Not ideal, still.

For those who want to bet on the US dollar or other fiat currencies, I don’t know what to tell you… The constant debasement of these fiat currencies should be enough to dissuade you, but some people are still under the illusion of the current system.

Central bankers can print so much fiat money out of thin air as you have seen even more blatantly in the last few months.

Next option then.

Gold has been the benchmark reserve asset for centuries.

Gold apparently exists in finite quantities on Earth. So that’s a good thing. The problem is that sometimes new veins are found and gold extraction is increased, putting more gold on the market, which will play negatively on its price.

With equal demand, more supply means a lower price.

Then, we can recall the different problems of gold in the digital world of tomorrow: problems of transport, confiscation, or storage.

So let’s leave this option aside again.

What’s left for you?

You have the only truly scarce commodity left on earth: Bitcoin!

Bitcoin is hard-capped at 21 million units. No matter what. **[You can see for yourself in the Bitcoin source code](https://inbitcoinwetrust.substack.com/p/do-the-math-run-the-numbers-and-youll)**. No one will be able to change it unless the majority decides to do so, but that won’t happen, because no one has an interest in it.

So Bitcoin is hard for some to understand because it’s the first time you have an asset that belongs to you (**[once you take possession of your private keys](https://www.notyourkeysnotyourbitcoin.com/)**) and can’t be debased.

Time is clearly on Bitcoin’s side and more and more people will come to realize what Bitcoin brings to the world of today and tomorrow.

It’s up to you to take advantage of it before anyone else does 🙂

---

***[This article was first published in Best Bitcoin Books](https://www.bestbitcoinbooks.com/)***.

Bitcoin Is Truly the Only Scarce Commodity on Earth.


The figures for the Banksters and their illegal activities speak for themselves. Since 2000, the Banksters have been fined 7,660 times for a total of $386 billion:

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1708854148643-YAKIHONNES3.jpg)

These figures are monumental, and in the worst 10 you have :

1. Bank of America - $87,286,650,890
2. JPMorgan Chase - $39,340,688,209
3. UBS - $31,069,299,125
4. Wells Fargo - $27,616,269,231
5. Citigroup - $26,945,611,792
6. Deutsche Bank - $20,011,467,563
7. Goldman Sachs - $17,729,327,552
8. NatWest Group PLC - $14,370,701,618
9. Morgan Stanley - $10,780,502,443
10. BNP Paribas - $10,363,464,666

Worse still is to imagine that these figures are vastly undervalued because if the Banksters continue to act in this way to the detriment of their customers and the people, it's because their crimes earn them more than the fines they have to pay.

So, if they have paid $386B in fines, their crimes must have earned them several trillion dollars. This is a certainty.

The opacity of today's banking system allows the Banksters to continue their illegal activities.

And yet, as you may have noticed, the Banksters have been calling Bitcoin a scam for all these years.

If the Banksters are so critical of Bitcoin, it's out of fear that a fairer, more equitable system will render them obsolete. Bitcoin is transparent. Bitcoin will no longer allow the Banksters to do this.

The Banksters' fear regarding the Bitcoin Revolution is obvious: the Banksters are afraid that Bitcoin will take away their privileges and the ability to swindle their customers and the people.

The sooner the general public understands this, the sooner they will withdraw their funds from the banks for the safety of the Bitcoin system. That's how we'll gradually strip the Banksters of their power!

Banksters have been fined 7,660 times for $386B Since 2020. And they call Bitcoin a scam!


The price of Bitcoin is back above $50K.

This is just the beginning, but you've probably already started to hear some people say:

"If only I'd known, I'd have bought Bitcoin in 2023".

These are the same people who said that in 2018 or 2019.

These are the same people who at every Bear Market come and tell you that Bitcoin is worthless and on its way to extinction. These people only believe in Bitcoin when its weak money price exceeds 50K. Suffice it to say, they don't understand the why of Bitcoin.

It's precisely at these times that they should be accumulating more BTC.

These same people come to you today, or will do so in the future, to say "You were lucky to buy Bitcoin in 2023...".

In reality, that's not the case at all, just as it wasn't the case for Bitcoin's early adopters. There's no luck involved here, but 4 great qualities that these early adopters possessed.

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1708672366015-YAKIHONNES3.jpg)

-----------

**1. Curiosity**

Today, everyone has heard of Bitcoin at least once. Everyone has an opinion about Bitcoin. Good or bad, even neutral, everyone knows about Bitcoin. Of course, only a minority of people have already grasped the unique opportunity that Bitcoin represents.

But in the early days of Bitcoin, it took a great deal of curiosity to discover its existence. Bitcoin started to make more noise in 2013 when it first hit $1,000, but even then, curiosity had to guide you to go test this system that a handful of people were advertising as revolutionary.

Of course, not everyone is capable of showing this curiosity. Many wait for technologies to make buzz before jumping on the bandwagon. Those who have this mindset will always be a step behind. Nothing unfair though, it's a quality you choose to develop or not.

-----------

**2. Intelligence to stay open to new things**

Knowing that Bitcoin exists is not enough. Then you have to take action. And to take action, you need to be smart enough to be open to new things.

When faced with something new, most people tend to turn away and cry “scam.” With Bitcoin, there is nothing you can relate to because Bitcoin is unique. Thus, many people had an immediate reaction of rejection. Only those with an open mind were able to go straight to the point and see that Bitcoin was not just another technology, but money.

They then understood that Bitcoin's superiority was not technological, but monetary. Bitcoin is P2P money tied to no government and no central bank. Bitcoin is a unit of wealth.

The sooner you understand this, the sooner you will understand why Bitcoin is essential to protect the fruits of your labor.

-----------

**3. The courage to act differently than the masses**

Some people understand why Bitcoin exists, but are still reluctant to act. Why? Because the masses continue to criticize Bitcoin. These people are still stuck in the current system and take at face value what they are told by politicians, central bankers, economists, or the mainstream media.

Some of the criticisms you hear constantly: “Bitcoin is a Ponzi scheme,” “Bitcoin is a danger to the environment,” “Bitcoin promotes money laundering,” “Bitcoin is used by thugs,” ...

So buying Bitcoin the first time around takes a lot of courage. It takes even more courage because it may seem technically complicated to some. Nevertheless, the progress in terms of user experience that has been made over the last few years is amazing. Now anyone who can use a smartphone can buy Bitcoin. Buying Bitcoin is almost as easy as sending an email now.

What still scares some people is probably the moment they send their BTC to their hardware wallet. The fear of losing everything if they make a mistake in the address they enter, for example, can be scary. But it is by facing this fear that you can take control over the fruit of your work. Bitcoin is worth it.

-----------

**4. Determination to stay true to your choices**

Those who have bought Bitcoin once are only at the beginning of a journey that is fraught with difficulties. First, you'll have to resist social pressure. Many people around you are likely to criticize you for this purchase as soon as the price of Bitcoin hits a Bear Market. Of course, in a Bull Market, they will envy you, as I said in the introduction.

Then there will be those who will try to make you believe that you should take a profit with your Bitcoin.

In reality, there is no exit strategy with Bitcoin, because Bitcoin is the exit strategy from the current system!

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1708672500491-YAKIHONNES3.jpg)

The day you understand the why of Bitcoin, you will know that Bitcoin is an accumulation game for the years to come. You have no interest in selling hard money for weak money. This winning mindset with Bitcoin requires determination to stay true to your choices. A quality that is increasingly rare these days.

It's in your best interest to do just that!

-----------

**Final Thoughts**

The price of Bitcoin will go much higher in the future. This is not a guarantee, but my deepest conviction. In the future, those who have accumulated Bitcoin in the early years, and we are still in the early years of Bitcoin, will again be called “lucky” by those who join the revolution train after the others.

As I have just demonstrated, these early adopters of Bitcoin will not have been lucky, but on the contrary, will have demonstrated 4 essential qualities that will have allowed them to jump on the Bitcoin revolution bandwagon before the others.

This brings us back to the same truth: everyone buys Bitcoin at the price they deserve.

-----------

**[This article was first published in Best Bitcoin Books.](https://www.bestbitcoinbooks.com/bitcoin-early-adopters-are-not-lucky-they-have-4-essential-qualities/)**

Bitcoin Early Adopters Are Not Lucky, They Have 4 Essential Qualities.

There is no such thing as luck in the Bitcoin world.


Michael J. Saylor brought MicroStrategy into a full Bitcoin strategy in the summer of 2020.

At the time, everyone was astonished. Today, everyone cries genius.

Meanwhile, Michael J. Saylor's position has never changed: he still repeats that Bitcoin is the exit strategy from the current system, which is flawed and not fixable.

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1708508790138-YAKIHONNES3.jpg)

By patiently accumulating BTC in DCA mode, MicroStrategy now holds 190,000 BTC:

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1708506343165-YAKIHONNES3.png)

MicroStrategy's BTC purchases are so numerous that I had to create a website to list them:

["Bitcoin DCA like Michael J. Saylor"](https://www.bitcoinpriceinwords.com/bitcoindcalikesaylor.htm)

With the price of Bitcoin still hovering around the $52K mark, Michael J. Saylor was interviewed on television yesterday.

The reporter asks, "You own $10,000,000,000 worth of Bitcoin. When do you sell for profit?"

Michael J. Saylor says, "I'll be buying forever".

This ends up sounding silly. Journalists always ask him the same question about whether he will sell his Bitcoin, but it is clear that Michael J. Saylor has understood the why of Bitcoin and will continue to buy and hold his Bitcoin patiently.

He has no reason to sell his Bitcoin for weak money (paper money).

It is time for the media to shift gears to understand the why of Bitcoin and stop constantly asking the same useless questions.

When they see that MicroStrategy holds the equivalent of $10B worth of BTC, those who don't understand the why of Bitcoin tell themselves that Michael J. Saylor is up +65%. But Michael J. Saylor doesn't see that. Those who understand why Bitcoin exists don't see that.

The perception we have is different when we understand the why of Bitcoin.

What we see is simply that Michael J. Saylor has managed to accumulate 190K BTC. Michael J. Saylor owns 190K BTC out of the 21 million units that will forever be in circulation. Michael J. Saylor is one step closer to his goal of owning 1% of the total Bitcoin supply, whereas he is currently at 0.904%.

And that's the only number that matters because it's the only guarantee you can have: the fact that the Bitcoin supply is hard-capped at 21 million units whatever happens.

There's no point in selling your Bitcoin for US dollars, which are just weak money and will continue to be devalued in the future.

America has over $34T of public debt. The U.S. government is going into debt at breakneck speed, and the Fed will continue to print U.S. dollars out of thin air as if there were no tomorrow.

Yet there will be a tomorrow, and those who have not taken care to shelter the fruits of their labor from the flaws of the current system will end up paying a high price for the excesses of the powerful at the head of the current system.

By owning Bitcoin, you'll be able to enjoy the fruits of your labor in the future, because Bitcoin protects you from both monetary inflation and censorship.

For those still struggling to understand [why Bitcoin's $52K price is still vastly undervalued](https://inbitcoinwetrust.substack.com/p/bitcoin-price-is-on-the-verge-of), you simply need to get back to basics. What Bitcoin offers you is priceless in a future world of mass surveillance.

The choice is yours.

Mass Media sees $10B in BTC for MicroStrategy, Michael J. Saylor sees 0.904% of Bitcoin's total supply.

Michael J. Saylor reminds us of the difference in perception between the general public and those who have understood the why of Bitcoin.


You know as well as I do the lies that Bitcoin's opponents love to use to denigrate this unique monetary revolution.

"Bitcoin is a disaster for the environment".

"Bitcoin is only used for illegal activities".

"Bitcoin is on the verge of extinction".

I'll stop there, but the list goes on. Politicians, economists, and bankers have no shortage of imagination when it comes to trying to turn the general public away from the Bitcoin revolution.

A common lie is that Bitcoin promotes money laundering!

It's as if the world's crooks had to wait for Satoshi Nakamoto's invention of Bitcoin to start laundering money with bad intentions…

Rest assured, thugs didn't wait for the invention of Bitcoin to do just that. The American dollar has always done the job very well. All the more so the American dollar system is so opaque that thieves have everything they need to launder their money within it. And then there are the bankers who play their part in facilitating these illegal operations. It's not for nothing that I often refer to them as Banksters!

Bitcoin is used to launder money too, but that's simply because Bitcoin is money. As a result, thugs are looking for every possible means to carry out their illegal activities.

Nevertheless, the world's thieves quickly realized that the transparency and openness of the Bitcoin blockchain was a major handicap to carrying out money-laundering operations out of sight of the authorities.

After testing Bitcoin, thieves realized that the U.S. Dollar system was much more welcoming to their illegal activities. This is confirmed by data published by a United Nations agency specializing in this field.

Since 2017, this agency estimates that over $20,000 billion has been laundered via the US Dollar. At the same time, "only" $33 billion has been laundered via the Bitcoin system. This represents an enormous differential. The US dollar was therefore used 606 times more than Bitcoin over the period to launder money:

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/aa07c23c70ad747c28afe2b0f261a5d4c6849d4379cfe3b189f2ae642ec2c0aa/files/1708266238055-YAKIHONNES3.png)

I'm not making these figures up; they were published by the United Nations Office specializing in drugs and crime.

So I'd like to ask a simple question to those who still find it hard to open their eyes to Bitcoin:

**Do you still believe the lies of politicians who want you to believe that Bitcoin facilitates money laundering?**

-----------

**[This article was first published in Best Bitcoin Books](https://www.bestbitcoinbooks.com/the-numbers-dont-lie-the-us-dollar-has-been-used-606-times-more-than-bitcoin-to-launder-money-since-2017/)**

The Numbers Don’t Lie: The US Dollar Has Been Used 606 Times More Than Bitcoin to Launder Money Since 2017.


I frequently get questions from people asking me if they should buy Bitcoin.

The first thing I always say is that it’s not my job to decide for them.

Bitcoin is there to give you power over your money and ultimately over your life. So I’m not going to tell you what you should or shouldn’t do.

I can, however, share my ideas and opinions on the subject with you to fuel your thought process.

That’s why I wrote the book “The Truth About Bitcoin“: https://www.the-truth-about-bitcoin.com/

To help as many people as possible build their truth about Bitcoin. If Bitcoin allows you to do this, it is primarily because its motto is: “Don’t Trust, Verify”.

Don’t take my word for it. Don’t take the word of so-called Bitcoin experts.

Instead, answer for yourself the four essential questions that make us Bitcoiners choose Bitcoin to protect the fruits of our labor:

- Do you want to take power over your money?
- Do you want to protect the fruits of your labor?
- Do you want to live your life on your own terms?
- Do you want to own something that is really yours?

The answers to these questions seem obvious to me. In my case, it’s a yes every time.

And that’s why, after studying Bitcoin in depth for several years, I’m convinced that Bitcoin is the best way to protect the fruits of my labor from the ravages of inflation and censorship.

I explore this idea and many others in depth in the book “The Truth About Bitcoin“.

It’s up to you.

You’ll End Up Buying Bitcoin … Sooner or Later. Just a Matter of Time.

“Should I Buy Bitcoin?” Is an Irrelevant Question Because the Answer Is Obvious


Bitcoin has always been built on adversity.

Bitcoin has always proved its detractors wrong.

Such technological disruption cannot fail when its time has come. And Bitcoin's time has come.

The world needs a neutral, apolitical reserve currency.

Reserve currency? When I talk about Bitcoin as a reserve currency, many people have doubts.

These are the same doubts that have accompanied Bitcoin since January 3, 2009. How many times has Bitcoin been announced as dead? How many people have ignored Bitcoin, thinking that it was simply the whim of a few thousand geeks?

Each time, the Bitcoin revolution proved them wrong.

For Bitcoin as a global reserve currency, it will be the same thing.

So why would Bitcoin make a great global reserve currency?

As you can see, the fact that only one country, America at present, has the privilege of issuing the world's reserve currency is a dangerous thing.

You can't trust this country to use this privilege sensibly and responsibly.

America has consistently abused this exorbitant privilege. America has never stopped printing more and more American dollars out of thin air to finance all its excesses.

America exports its monetary inflation to the rest of the world and makes the rest of the world pay for its wars and its standard of living.

No wonder China and Russia want to topple the American dollar from its kingly seat. The problem is that if China succeeded, it would do no better. It would try to impose the yuan on the rest of the world. [Or worse still, the digital yuan](https://inbitcoinwetrust.substack.com/p/announcements-of-the-upcoming-death)!

So, if the American dollar were to fall from its pedestal in favor of a currency like the yuan, you'd only change master, but you'd remain a slave within this debt-based system which is flawed and not fixable.

The injustice of the current system would not be corrected with a world reserve currency other than the US dollar.

It's the system itself that needs to be changed.

We need a real monetary revolution. And you've got it! It's Bitcoin.

Bitcoin is an alternative monetary system that is much fairer to its users and has been growing steadily since its launch on January 3, 2009. Today, Bitcoin has over 250 million users worldwide, and this number will grow exponentially in the coming years.

Bitcoin will give every country in the world unique guarantees:

No other country will be able to create more. Bitcoin supply is hard-capped at 21 million units, no matter what.

No other country will be able to prohibit you from using your Bitcoin. No censorship like with the US dollar.

No other country can steal your Bitcoin wealth. No more assets frozen for arbitrary reasons.

No other country can change the rules of the Bitcoin system. Bitcoin's monetary policy is known to everyone in advance and is engraved in the Bitcoin source code.

Bitcoin is a unique game-changer not only for individuals but also for Nations.

Without this ability to print fiat money out of thin air ad infinitum, you'll also see that these wars waged ad infinitum for decades will no longer be able to be financed. Heads of State will have to stop taking the easy way out by always opting for war. Instead, they will have to discuss and negotiate, since they will no longer have the economic and financial ease of waging such costly wars.

In the future, more and more people will come to understand this.

Bitcoin will eventually be adopted as the world's reserve currency. It's just a matter of common sense... and time!

Here’s Why Bitcoin Must Be the World’s Next Reserve Currency.


Sylvain Saurel

Bitcoiner. Freedom Maximalist. Author of "The Truth About Bitcoin"


Over the past few weeks, the markets have been repeatedly asked whether the Bitcoin Halving will take place before or after the Fed starts cutting rates.

It's worth pausing to consider this question to understand something essential.

This is where Bitcoin's advantage comes into its own again.

With the Fed, you have to guess. With the Fed, you're at the mercy of a few unrepresentative people making arbitrary decisions.

You wonder when the Fed will act. You wonder what the Fed will decide and how that will drive the market next.

With Bitcoin, you already know everything. You know that Halving will take place no matter what, every 210,000 blocks. You know that the issuance of new units will be halved no matter what.

You practically already know the date.

Bitcoin is also superior in that the rules of the game are known to everyone in advance, allowing you to plan how to protect the fruits of your labor effectively.

What will happen first between the Bitcoin Fourth Halving and the Fed starting to cut rates?

Bitcoin is superior because with Bitcoin, you know the rules of the game before to play


It is quite shocking to see that so many people have completely misunderstood Bitcoin in recent days and hours.

Or maybe these so-called Bitcoiners are finally revealing their true colors by showing that only greed has always guided them...

With the approval of Bitcoin Spot ETFs, some even believe that the mass adoption of Bitcoin by the general public has started...

Unfortunately, this is not the case.

Even if these financial products are phenomenally successful, this will in no way mean that mass adoption has started for Bitcoin.

Bitcoin aims to free us from these intermediaries who abuse people's trust and make people pay fees that have no reason to be paid.

The mass adoption of these Bitcoin-based financial products will only be one more obstacle to the separation of Money and State.

Bitcoin aims to separate Money and the State.

Do not forget it.

Mass adoption will start when the general public understands that these financial products are just a lure used by the powerful at the head of the current system to try to distract them from the real purpose of the Bitcoin revolution.

Your interest in Bitcoin lies in taking power over the fruit of your labor and your life.

This therefore involves understanding the why of Bitcoin, understanding why you need self-custody, understanding why you need to run a node on the Bitcoin network, ...

In short, this means you need to understand that Bitcoin is much more than just another financial investment!

All of this is much more interesting than spending your day raving about the trading volumes of financial products within a flawed and unfixable system.

A debt-based system which is at the root of the majority of the ills of our society. A system that imposes constant censorship on you and which has impoverished you a little more every day for decades.

Bitcoin Spot ETFs are not a solution to any problem. Bitcoin is the solution. Bitcoin is your way out!

------
[**This article was first published in Best Bitcoin Books.**](https://www.bestbitcoinbooks.com/bitcoin-vs-bitcoin-spot-etfs-the-great-illusion-has-started-beware/)

Bitcoin vs. Bitcoin Spot ETFs: The Great Illusion Has Started. Beware.


It's quite fascinating how life can throw up some fabulous coincidences.

Bitcoin Spot ETFs were approved by the SEC exactly 15 years to the day after a legendary moment in Bitcoin history.

15 years after Hal Finney tweeted "Running Bitcoin" to the world.

Of course, nobody was paying attention at the time. It was a stroke of good fortune for Bitcoin, as it allowed Bitcoin to patiently build up its initial anonymity before more and more daring people joined its unique monetary revolution.

Today, Bitcoin boasts over 250 million users, yet we're still only at the beginning of this revolution.

These Bitcoin Spot ETFs will attract more people from the general public. People will finally understand that Bitcoin has nothing to do with a scam, contrary to what the powerful people at the head of the current system have been trying to make them believe for years.

This is a huge opportunity to accelerate the mass adoption of Bitcoin.

But opportunity also means risk. There is also a great risk that the financial giants on Wall Street will try to steal the meaning of the Bitcoin revolution from you, by taking over the role of intermediary between you and Bitcoin.

It's essential to understand that you don't need these financial giants to buy Bitcoin. You have to do it directly by taking possession of your private keys.

This is the only way to free yourself from the debt-based, flawed, and not fixable system that has always been imposed on you. What I'm hoping is that seeing all these commercials from the financial giants extolling the virtues of their Bitcoin Spot ETFs, a majority of people in the general public will finally see through them.

Something along the lines of:

"Ah, but Bitcoin isn't a scam after all, since BlackRock or Fidelity are offering it to us as a financial product."

"Why don't I try buying some directly and see what it can do for me."

Some people will tell me that these investors who are going to come don't care about the self-sovereignty that Bitcoin gives you and that they're only interested in the financial appeal. They'll tell me this is all wishful thinking.

Maybe it is. Or maybe it isn't.

That's what's at stake in the months and years to come. As Bitcoiners, we need to help as many people as possible to understand where their real interest lies in Bitcoin.

Only then will Bitcoin continue to move in the right direction: that of a unique monetary revolution capable of changing the world we live in for the better.

Not just for privileged Westerners, but for the wider world.

Whatever happens, the coming months and years promise to be fabulous for Bitcoin.

------

**[This article was first published in Best Bitcoin Books.](****)**

15 years after Hal's "Running Bitcoin", SEC gives the green light to Bitcoin ETFs

There's a big opportunity to accelerate the mass adoption of Bitcoin, but also a big risk that the Bitcoin revolution will be hijacked by the Wall Street giants.


Exchanging your US dollar for Bitcoin is a life-changing decision.

It’s a one-way process, once you understand the why of Bitcoin.

Once you’ve secured the fruits of your labor on the world’s most secure decentralized network, there’s no turning back.

So it doesn’t make sense to imagine making a profit later in US dollars if you understand the why of Bitcoin.

Why would you do that? Because you’d be exchanging the hardest money in the world for weak money (the US dollar). Your profit would only be temporary because the money you’d get back in US dollars would once again be at the mercy of the current debt-based system imposed on us.

The fruits of your labor would again be at the mercy of inflation and censorship.

This is not what you want if you understand the deeper meaning of the Bitcoin revolution.

The purpose of the revolution Bitcoin is above the price of Bitcoin.

Once you’ve understood that, you’ll have taken a big step forward in understanding Bitcoin and what lies ahead for the future.

My illustration only shows an arrow pointing in one direction: Fiat money to Bitcoin.

That’s the key!

----

**[This article was first published in Best Bitcoin Books](https://www.bestbitcoinbooks.com/exchanging-your-us-dollar-for-bitcoin-is-a-life-changing-decision-and-a-one-way-process/).**

Exchanging Your US Dollar for Bitcoin Is a Life-Changing Decision and a One-Way Process.

Exchanging Your US Dollar for Bitcoin Is a One-Way Process.