Author Jeff Booth believes that in the future, deflation will dominate our lives thanks to technology. Booth states that Bitcoin (BTC) is the only real alternative in a world dominated by deflation. He defines Bitcoin as "This is not a coin, it is an energy-limited protocol."
As the king cryptocurrency struggles for closes above $60,000, new opportunities are emerging for altcoins. While Trump's recent events affected the crypto bear market, the value of Bitcoin started to rise again with the excitement of the November 2024 elections. Maintaining $60,200 for now may open the door to new experiments in the future.
While the Fed's monetary policy has worried investors since the beginning of 2022, many large institutions have reduced the number of workers out of fear of recession. In his book âThe Price of Tomorrowâ, Jeff Booth believes that Bitcoin is the only force that follows the natural balance of the free market. In an interview with Natalie Brunell, he emphasized that technology should lead to a deflationary world by reducing the prices of goods and services. According to Booth, Bitcoin is a game changer as the only asset that has the potential to unlock an abundance-based system.
âI see Bitcoin as very different from others. The natural state of the free market is deflation, and technology will make this process happen faster â at an exponential rate. This deflation should not be feared; because it actually allows us to live in abundance by providing us with efficiency. What prevents this is not the economic or political systems, but the control systems that steal your power from you. âOnce you grasp this truth, you will realize that everything in the current system steals value from you.â
Booth predicts that the price of Bitcoin will constantly rise and imagines a world in which a single currency that will eliminate inflation will grow in all parities. âBitcoin is the only asset that can protect you from this situation. This is not a coin; It is an open, decentralized and secure protocol limited by energy. It doesn't matter whether you want to price it in currency or manipulated pieces of paper. What matters is that he just keeps moving forward.
Therefore, according to Bitcoin, all prices are falling and will continue to fall; because it is the only power of the free market and everything else is dependent on this system. âThis is a control system.â
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I EXPLAIN IN DETAIL.
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