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Why does not owning Bitcoin make you poor?

The opinions expressed by Entrepreneur Contributors are their own.

Every now and then, your irrational cousin’s ill-advised gambles seem to work in their favor. It seems that that decadent Internet chatter they’ve been volunteering at the Thanksgiving dinner table for the past couple of years is no longer “underground” or “gossip.” Bitcoin is getting closer 150% to date After the return of the asset, the biggest political voices of the asset acknowledge the importance of Bitcoin in our future, and the disaster that has struck FTX It’s a distant memory in the fast-paced online news cycle.

With your understandable state of FOMO and confusion, I’m sure you’re wondering if this is another case of “just my luck” or if you have to reshape your entire understanding of money. With the job market stable but uninspiring, you’re not sure if corporate America will ever go back to what it once was, and volatile inflation has divided America’s wealth and soul – aka life sucks at the moment. You can’t afford it [all puns intended] To miss out on “easy money”. Without irony, I’m here to tell you that this is both good news and bad news.

Obviously things have changed, and there is no going back, your chances will never last Buy BTC for less than $60,000 It seems to be very minimal. But the good news is that even though you may be “late” by your cousin’s standards, you’re still early in the grand scheme of things.

Related to: Cryptocurrency in 2025: From ease of regulation to decentralized applications for real-world problems

Why not having Bitcoin makes you poor

Times have changed, and money is no longer what it used to be. Bitcoin has not only reached $100,000, it has surpassed it, and we live in a new world. College isn’t what it used to be, and the supposed job waiting for you after you finish doesn’t exist anymore. The past 20 years have seen Americans gradually accept a lower quality of life in exchange for unrealistic initial investments – both financial and non-financial. Wage growth has remained stagnant over the past decade, while the costs of living and education seem to compete with each other for the title of ““The greatest inconvenience” To the common man today.

The timelines of Americans under the age of 35 are saturated with anecdotes and horror stories about the ordeal of raising a young family in today’s world. What started out as comedic observations and provocative humor became absolute desperation and desperation. The sharp and explosive views of small groups of Americans, measured against the general population’s indifference about the future and the political situation, show how little childhood pride of the early 2000s remains in our hearts.

It’s the result Satoshi anticipation. Unlike his predecessors, he saw the US dollar weaken and, what’s more, created Bitcoin in anticipation of the burning building we’re all so eager to escape. Bitcoin represents the hope that our governments promised us but were unable to obtain in practice.

Wealth is more than money

If you were given all the free time and access to the world, would you still chase money? Although it’s not that everyone hates what they do for a living, there is a significant amount of Gen Z out there He seems indifferent About joining Corporate America’s dumpster fire.

Growing up, we’re taught that success means freedom, time and good money, creating a better life for you and your loved ones. The American dream The goal was to find a life partner, start a family, pursue a career, and retire with your earned wealth. And somewhere down the line, the money stopped “the money”, In what seems like a few generations, money has become a requirement for combating today’s problems in exchange for investing in tomorrow’s future as it was designed to be.

While the world indulges in frivolous spending, countless individuals fight to survive. Inflation is a cruel tax, and the economic policies of the powerful have stripped the middle class of its hard-earned gains. However, the rich are getting richer.

Related to: What tax strategies to use in Bitcoin and cryptocurrency trading

Bitcoin is the currency of the digital age. It represents universal value and complete freedom to access said value without relying on any central authority or government. Sure, Bitcoin may not be a great store of value in the short term, but over the time horizons that ultimately matter, it is the best of the best. To be honest, it’s the average Joe’s best chance to build wealth and finally buy freedom in his life.

It’s hard to see it now, but we are witnessing the modern-day California Gold Rush unfolding before our eyes. You now have a chance to look back at your future self and be proud that you paid close attention to the world shaping around you or you may miss one of the greatest historical events of our generation. Either way, the price of Bitcoin, relative to the US dollar, will continue forever. Bitcoin’s mission of hope for the individual is forever.

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