It seems I am putting together a continuing series of forget the FUD articles.
The latest news is Bitcoin is dead (for the 500th time).
Isn't that the mainstream mantra?
Well, do not buy into it.
Bitcoin is growing at a remarkable rate. There is one section of the world where the explosion is incredible.
No it is not SE Asia although that is where most of the Bitcoin activity is.
The area with the greatest Bitcoin growth is Africa.
Known as the poorest continent, Bitcoin is a great hedge against the inflationary currencies in that country. While Bitcoin can be volatile, currencies on that continent can lose 90% in a couple years.
Look at this chart.
Unlike the Asian countries where most of the purchases are speculators, Africans are actually using the currency. Bitcoin allows them to engage in global commerce, something they were shut out of before. It also allows them to get around a corrupt banking system, if one exists at all. Basically, we are seeing the unbanked enter the marketplace.
https://decentralpost.com/2018/03/28/bitcoins-popularity-in-africa-continues-to-soar/
Some are estimating that as many as 6B people in the world do not have reliable banking. Either there is none available or the banking system is so corrupt that people are better off hiding money under a mattress. Bitcoin (all cryptocurrency) changes that. Since one only needs a smart phone to suddenly be carrying around a bank, the controls that are enslaving these people are broken (at least to a degree).
We know the banksters like a world where so many are starving. Their entire system is based upon scarcity. The few who are lucky enough to be in western countries fare a bit better although moves are being made to put them in the same position. That is why cryptocurrency is crucial.
Adding another 3B+ people to the global economy will do wonders. We are going to see amazing creativity and innovation. The key is to for them to get to the point where there is some sustenance. Cryptocurrency provides that.
This is something else you will not hear on CNBC or Bloomberg. They like to tout all the negativity about Bitcoin without acknowledging there is an entire continent that is open to using it. We see a similar situation in Venezuela where the Bolivar is basically nothing more than a roll of Bounty. For cleaning up spills, it might be great; as a currency, it sucks.
We are engaging upon a world changing battle. The banksters are trying to maintain control of people via their monetary system. Cryptocurrency, for the first time, gives more than just a few people the ability to create and distribute currency. This is huge.
Over time, we are going to see more stories like this emerge. The MSM might not be eager to report on it but it is happening. Over the next few years, you will see cryptocurrency embraced by billions of people. That is how quickly it will spread.
Quite simply, too many people are starving, which means they will embrace it.
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