beginingCryptocurrenciesBitcoinWhat would the world look like today if Bitcoin didn't exist?

    What would the world look like today if Bitcoin didn't exist?

    A pandemic on a scale not seen in decades has hit the world hard since the beginning of 2020. Even if you live in a remote corner of the world, you are bound to be affected by this COVID-19 pandemic.

    This pandemic has challenged all the certainties that many thought they had. Within weeks, the world was faced with the stark reality that no one is immune to such an unexpected and violent event.

    I say forcefully because COVID-19 has hit all major world powers and their economies hard. An economic crisis gripped the world. To better combat the consequences of this crisis, central banks, such as the Fed and the ECB, decided to use an aggressive monetary policy.

    Zero or negative interest rates, printing fiat money out of thin air in unlimited quantities, and massive asset buyback programs.

    These asset purchase programs amount to about $120 billion per month by the Fed. The prestigious American institution also printed in just eighteen months more than 30% of all US dollars in circulation:

    M2 money over time - Source: Fed

    We are obviously facing a lot of monetary inflation.

    The flaws of the current system were exposed to the general public with the COVID-19 pandemic

    This monetary inflation hit the purchasing power of Earth's inhabitants hard since 1971 and the establishment of the current system by Richard Nixon . The US dollar has lost over 85% of its value in just fifty years. With what has been happening since March 2020, you can imagine that this vicious cycle of general impoverishment will get worse.

    This pandemic would at least have the merit of acting as an eye opener to how the current system works for many people. If the general public has not understood how the system really works - and who really can - it has at least opened its eyes to the seven deadly sins of the current system that will sooner or later lead to its downfall.

    The ability of central banks to print as much clean money out of thin air as they see fit, like original sin. In this way, a minority of people who are not representative of the people can devalue what the majority of the inhabitants of the Earth possess.

    When you put it like that, you might think it's unbelievable, but it's strictly true.

    Investing is a necessity to protect against monetary inflation in the current system, but it is still reserved for a minority of people

    Faced with this great monetary inflation, many have discovered the principles of the Cantillon effect described by the 18th century economist Richard Cantillon . Seeing the ultra-rich get even richer since the start of this COVID-19 crisis was a perfect illustration.

    In the summer of 2020, Jeff Bezos became the first person in the modern era to post an estimated fortune of over $200 billion.

    To cope, the common man has several options other than investing. If you hold money, you will lose money mechanically by doing nothing. Thus, the fruits of your labor are constantly at risk in the current system. You work hard to earn money, but you don't have the freedom to save it.

    You have to invest.

    There is no shortage of investment funds, some say. You have the stock market, bonds, real estate, gold, etc. Unfortunately, these investment funds are reserved for a minority of people. Hundreds of millions of people on Earth do not have access to these weapons to protect themselves from the great monetary inflation we are experiencing.

    All these people have no choice but to wait for things to work themselves out. They are condemned to live in an unjust system designed to favor a minority of people. Condemned to see one economic crisis after another and become poorer.

    Each crisis is larger than the last. But since none of the powerful people at the helm of the current system are willing to cut the branch on which it sits to define a new, fairer system for the majority of Earth's inhabitants, we must settle.

    Bitcoin gives millions of people access to an alternative system that will change their future lives for the better

    This is what the world would be like today if Bitcoin hadn't been invented by Satoshi Nakamoto in late 2008.

    We would all be condemned to witness the injustice of the current monetary and financial system without having the opportunity to try to get out of it. At best, many would not even realize their fate. The rest will try to protest, but with no alternative available, they will often be told the following:

    "There is no alternative."

    Fortunately for you and me, there is an alternative. This alternative consists of 7 letters: BITCOIN.

    Bitcoin is an alternative system that gives us hope for a better future world. A world where money will be put back into the hands of the people. A world where it will be possible to save the fruits of one's labor without the risk of seeing a minority of people devalue it without any scruples.

    This is what Bitcoin offers. Gaining freedom over the fruits of your labor will ultimately allow you to live your life on your own terms. Something we should all be able to do. With Bitcoin you can do this.

    Of course, this requires you to dare to uncover the ugly truth about the current system and dig deep to understand the reason behind Bitcoin. If you do, then you can change the fate of your money.

    More and more people are doing it, which is reassuring. One country, El Salvador, has even done so by deciding to stick with the Bitcoin plan. In fact, Bitcoin became the official currency of El Salvador on September 7, 2021. The future will tell us what will happen, but at least Nabib Bukele will have no regrets as he will take advantage of a unique opportunity to change the future of his country.

    If you have no guarantee that the Bitcoin revolution will succeed, you will not regret it because you will have tried your luck to break out of the vicious cycle of widespread impoverishment that is the current system.

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