Last night I was happy to join the good guys at Freedom Free For All (a television show based in Victoria, British Columbia) to talk about the future of Bitcoin and other cryptocurrencies, their potential rallies and corrections as well as the dangers of the centrally planned cashless society as we see manipulated cashless societies popping up in India, China, Australia, Sweden, Canada as well as the United States.
Bitcoin is decentralized and much of its value is based on the scarcity and demand. Gold's value interestingly enough is largely based on its scarcity and demand. There will only ever be 21 million Bitcoin which creates incredible future potential. At the present 7 year trend of daily average rate of growth, Bitcoin is set to hit $250k by 2020! Seriously!
The price inflates via the hand of free market demand unlike fiat which inflates the price of living via the devaluation of the currency as it's printed out of thin air and is in no way based on anything, including actual natural demand. The central planning, quantitative easing, fractional reserve banking will mark an inevitable end to fiat currency as it has hundreds of times throughout history.
Meanwhile, if your money's in the bank, it's not yours, it's the bank's. And if your money is always being funnelled via digital currency through the banks and you never hold it in your hands, then you are in essence enslaved to the banking system and government enforcing legal tender laws.
Already in Sweden, people are voluntarily getting chips implanted in their hands for payments and to be tracked as employees.
Commuter in Sweden has hand scanned instead of ticket.
India has demonetized 86% and continues to desecrate any remnants of a free market as they spy on the populace via digital currencies. India has also implemented Adhar, a system that includes retina scans and RFID chipping.
The story continues on and on. Technocracy is here folks. This is incredibly dangerous, so let us not mistake decentralization and free market demand with centralization, manipulation and control. They are opposites.
I also spoke about quite a few other things during the show and give the viewers some tips that in my opinion are important to prospering in this market long term.
