Governments, Politicians and Economists Do Not Want Bitcoin To Emerge for This Reason Alone

Whether you like Bitcoin or not, you are forced to recognize that its success keeps growing block after block. The number of Bitcoin users is continually growing. Its current price is phenomenal when you consider that the digital currency created by Satoshi Nakamoto is only twelve years old.

The Lightning Network, which will allow Bitcoin to be used for everyday payments on a large scale in the future, also continues to grow in popularity.

All signals are green for the Bitcoin revolution.

Even a ban on Bitcoin in China has not been able to set this revolution back. While the Bitcoin Hash Rate fell sharply in May and June 2021, a strong rebound has been observed since the beginning of July 2021. The reason for this is simple: mining companies are moving their equipment to territories that are more willing to host them.

A major exodus of Bitcoin mining from China to the West is underway. This will allow North America to define the leading region of the world in Bitcoin mining.

The Bitcoin network remains by far the most secure decentralized network in the world.

In writing this sentence, I have written a word that is at the root of everything that scares governments, bankers, and economists around the world about Bitcoin. Bitcoin is encrypted P2P money.

The decentralization of the Bitcoin network is what makes all the difference in a world where people have been deprived of power over money for too long.

With Bitcoin, you have the ability to take power over your life. Best of all, Bitcoin is a transparent and open system. Anyone can see what’s happening on the Bitcoin network.

The consequences are frightening for those in charge of the current monetary and financial system.

If Bitcoin were to become the dominant system worldwide, governments and bankers would no longer be able to make arbitrary decisions that go against the interests of the many. Everyone would be able to see this transparently. The people would not allow them.

Bitcoin allows awareness of how the current system works, which is problematic as Henry Ford once explained:

“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.”

It is not a problem for the people but the powerful people at the head of the present system. Indeed, if a majority of people were to understand the flaws of the current system, a popular revolt would break out immediately.

With Bitcoin, this is a major risk that the powerful see. There is no longer any possibility of laundering money on a large scale as the bankers of the world do. The latter take great pleasure in criticizing Bitcoin on this point, but the reality of the figures is quite different.

It is with the U.S. dollar in the current banking system that money laundering is taking place on a massive scale.

With the Bitcoin system, every citizen would be able to see exactly how governments and bankers use their money. The money collected through taxes is used in an opaque way currently. This is something that allows the powerful in the current system to hide.

The transparency that Bitcoin allows and the lack of a leader to control the people is frightening.

For the people, however, it is the best news. With Bitcoin, you finally have access to a system that protects your interests. No one is asking you to take its word for it. Bitcoin teaches you to verify everything for yourself. The reason Bitcoin teaches you this is because you can check everything for yourself at any time.

Do you have any doubts about Bitcoin’s monetary policy? You can study its source code for yourself. No nasty surprises.

Want to check the transactions yourself? Run your own node on the Bitcoin network so you can check everything yourself at any time. This is something unique that Bitcoin allows you to do.

Most people don’t yet realize what an incredible game-changer Bitcoin is. Nevertheless, this will happen as time goes on in the years to come. Less than 1% of the world’s population actually realizes the liberating potential of Bitcoin.

This should make you realize that we are only at the very beginning of an incredible revolution that will change the future of the world for the better. It’s up to you to open your eyes before anyone else and be among those who will benefit the most.

Source: https://www.inbitcoinwetrust.net/governments-politicians-and-economists-do-not-want-bitcoin-to-emerge-for-this-reason-alone-e5021bf4c856?source=rss——-8—————–cryptocurrency