Summary
TLDR: The author had an epiphany about Bitcoin’s adoption and the potential for a massive push in the United States during the next financial crisis. People who were angry during the GameStop frenzy may turn to Bitcoin as an exit ramp from the traditional financial system, especially as they become more informed about how monetary policy works. Bitcoin offers a chance for individuals to empower themselves and opt out of the system that has caused inequality and economic turmoil. Its success is tied to its growing network and the support of the people who understand its ideology. In the event of another financial crisis, Bitcoin could be a powerful tool for individuals to fight back against the system that has failed them.
Key Points
1. Bitcoin’s success is not dependent on regulation, taxation, or accounting standards due to its decentralized nature.
2. Bitcoin will survive based on the desires of the people, as evidenced by the global network of nodes supporting the network.
3. Bitcoin could serve as an exit ramp from the traditional financial system during a major crisis, offering a decentralized alternative for those seeking financial independence.