Bitcoin $34,000 Unbelievable but Real
Some say Bitcoin isn’t money. They say it doesn’t have the full faith and backing of the US government. But….. as we know with tech the movers and shakers are changing the old order without the permission of anyone. Maybe the consensus is currencies are outdated and unreliable because they are always manipulated by world governments, the US Federal Reserve and are not backed by anything like the old Gold Standard. Maybe it is just we are tired of others controlling our money and regulating it. Maybe we all just want something we feel is better and new. Whatever the case it isn’t going away and neither is Bitcoin. I think there is a total debasement and devaluation of the American currency and as a tax payer and citizen I feel very little control over my money. I believe in time there will be a bridge, a valuation linked to something and a regulatory body to make bitcoin legitimate. Some say it is a fiat, just a technology investment but with Square and Paypal and others accepting it as legal tender it seems to be gaining more and more ground and will not be stamped out. Amazing to live in these exciting times of innovation!