Over the past decade, the world has witnessed a sea change in global finance. At the center of this transformation is Bitcoin, the original and most well-established cryptocurrency. Bitcoin presents a unique and powerful opportunity for every sector of the economy, and farmers are no exception. Here's why farmers, especially, should consider owning and accepting Bitcoin.
The Erosion of Trust in the USD
Since the formation of the Federal Reserve in 1913, our once-precious U.S. dollar has been steadily devalued. This issue became increasingly evident after 1971, when the Nixon administration severed the link between the dollar and gold. From this point onwards, our money has been underpinned not by a tangible asset but by the faith and credit of the U.S. government—a concept known as fiat money.
Unfortunately, the nature of fiat money has allowed for constant inflation, depreciating the value of savings and introducing systemic economic vulnerabilities. Indeed, fiat money has become an infection in our way of life, turning hard-earned wealth into mere promises backed by debt. But there's a lifeboat in this sea of instability: Bitcoin.
Bitcoin: A Sound Investment, Not a Get-Rich-Quick Scheme
Contrary to what some may believe, Bitcoin is not a magic ticket to instant wealth. If you're saving in Bitcoin, you're investing in the most secure form of money humanity has known to date. The key here is understanding the difference between Bitcoin and other cryptocurrencies. Many digital currencies have come and gone, while Bitcoin has remained, demonstrating resilience and integrity.
I've been investing in Bitcoin since early 2021, purchasing it monthly, and have never sold a single Sat. This isn't because I believe Bitcoin will make me wealthy overnight, but rather because I see it as an essential safeguard against global economic instability and governmental overreach.
Bitcoin: A Revolution in Finance
In a world increasingly inclined towards digitization and centralized control, Bitcoin stands as a beacon of decentralization and financial sovereignty. Bitcoin isn't just a new form of currency—it's a revolution. It's a means of preventing governments worldwide from forcing us into a Central Bank Digital Currency (CBDC) economy, which would give them an unprecedented level of control over our finances.
My investment in Bitcoin is long-term, with my children and their children in mind. I believe that owning Bitcoin is akin to owning a piece of the future, a piece that could shield future generations from financial turmoil and governmental intrusion.
Self Custody and Security: The Basics of Bitcoin Ownership
When you own Bitcoin, it's crucial to understand the importance of security and self-custody. If you hold the private keys to your Bitcoin, you have complete control over it. This is why it's critical to learn how to securely store your Bitcoin and why it's advisable never to leave your Bitcoin on an exchange. The best way to acquire Bitcoin is by selling something valuable for it, such as cattle or pigs.
Bitcoin and Farming: A Shared Ethos
Farmers understand the meaning of hard work, discipline, and honesty. They know that their livelihood depends on their integrity and the sweat of their brow. There are no bailouts in farming—success is earned, not given. In a very real sense, farming is a "proof of work" system.
Bitcoin shares these principles. Like farming, it operates on a proof-of-work model. Every Bitcoin miner must put in the computational work to earn their reward. There are no shortcuts, no bailouts—everyone is equal in the world of Bitcoin.
This shared ethos, I believe, should resonate with farmers and present Bitcoin not as an abstract financial concept but as something intrinsically linked to their way of life.
A Call to Arms
I encourage all farmers to give Bitcoin another look. It's time to venture down the rabbit hole, to understand that our financial world has changed irrevocably since 2020. Yet, while change is inevitable, it also brings opportunities. We can secure a brighter future by safeguarding our wealth in Bitcoin for the generations to come.
The journey into Bitcoin might seem daunting, but the rewards, both immediate and long-term, make it well worth the effort. As farmers, you have always been the backbone of our society, providing food and resources essential to our survival. With Bitcoin, you can secure not just your livelihood, but also the economic stability of future generations. The future is here. Will you be part of it?
Comment (1)
Great article