Born out of the depths of the 2008 financial crisis, in 12 short years bitcoin has grown into a trillion dollar asset class. Businesses need a bitcoin wealth preservation strategy to ensure the long-term viability of their company’s core mission.
Identifying financial assets that preserve one’s wealth or business vision over time are difficult to come by in today’s low-yield, highly inflationary environment. GoldBugs have long held the belief that holding one’s wealth in asset class outside the manipulation and control of central bank monetary policy was, and still is, foundational to preserving ones money. Bitcoiner’s tend to agree with this statement. Though the chosen medium differs between Bitcoiner’s & GoldBugs, they fundamentally agree on one thing:
Gold is hard money because it’s price is entirely controlled by free-market forces and it’s supply, limited to how much of it we can pull from the earth. Gold has remained the ONLY currency that’s maintained or grown in value for thousands of years. EVERY single government-issued currency has, without fail, either lost value or became valueless over time. The separation of money and state is key to ensuring long-term wealth preservation.
Gold served as the foundation we built most of the physical world we see around us today, largely due to its core monetary properties. But what happens when our global economy transitions to a digital-first medium? What happens when most of our day-to-day interactions and business commerce is conducted on the Internet? Suddenly, physical money matters less. Fiat money has been able to make the digital transformation with relative ease, but with a few caveats. One is it had to abandon the gold standard, or the idea that every dollar could be redeemed by the equivalent gold value
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