Governments Around The World Drive Bitcoin Use Through Inflation
As capitol controls tighten across the globe, an increasing number of citizens are turning away from established banks and looking for decentralized alternatives. Since the crash of the Cyprus economy, interest in Bitcoin, the digital, peer-to-peer currency, has soared.
According to, Jarrod Dennis, author of the Bitcoin Revolution: Ending Tyranny For Fun and Profit,
“The unjust actions of the Cyprus government is exactly the kind of behavior we can expect bankrupt nations to continue doing,” said Dennis, “The Cyprus meltdown sent shockwaves through Europe as more people began questioning the sense of holding their savings in the banks.”
To access the full eBook, visit: http://www.amazon.com/Bitcoin-Revolution-Ending-Tyranny-ebook
In the United States, for example, when the Federal Reserve prints more money, it inflates the dollar and purchasing power dramatically drops. At this point, citizens traditionally turn to precious metals to secure their wealth from thieving politicians. Today, Bitcoin is proving to be a desirable currency, due to its resistance to fractional reserve banking and regulation or violence.
However, Bitcoin has been a bumpy ride for some investors, as the price has been extremely volatile in the last few days. For those investors who enter the Bitcoin market at a low price, the potential rewards may be exponential.
“Thanks to recent advances in Cryptography (codes) it is possible to create digital currency that cannot be copied or reproduced or even counterfeited,” states Dennis.
“Bitcoin’s code is programmed in such a way that the supply is 100% predetermined forever. And the Cryptography which protects this code, ensures no one can change that. Bitcoin cannot be manipulated by governments, programmers or anyone else.”
Bitcoin is available to anyone with Internet access and the demand for the currency is continuing to grow. The digital currency has taken huge steps forward in becoming mainstream in recent months, becoming an acceptable form of payment in Amazon plugins, Reddit, Wordpress, and at the U.S. Libertarian parties website.
The future of Bitcoin has potential to be one of the most important developments in reducing the size of government, protecting personal wealth and freedom, and eliminating capitol controls.
About Success Council
Success Council is a liberty-based group formed in 2012 to teach people how to survive and thrive economically in a global financial crisis. Its founding members, Jarrod Dennis and Max Wright are authors of the Bitcoin Revolution: Ending Tyranny For Fun and Profit, which is available at Amazon.
For more information on the Bitcoin Revolution, or Success Council, visit: http://www.SuccessCouncil.com/
Success Council on Facebook: https://www.facebook.com/councilsuccess/
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