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Author: Meanwhile CEO Zac Townsend, CoinDesk; Compilation: Baishui, Bitchain Vision
Bitcoin is a global, decentralized currency that is not controlled or guaranteed by any country.In recent months, the Bitcoin ecosystem has seen fanatical optimism as Bitcoin spot market exchange-traded funds are approved.These ETFs are built through retirement accounts of millions and portfolios of thousands of financial advisers and institutional investors to drive Bitcoin to mainstream.
However, ETFs didn’t catch the point.Bitcoin is not an asset that can be held; it is a currency that can be used.Bitcoin has no price, only exchange rate.The future of Bitcoin is not an asset that sits in an ETF or an asset that is buried in a backyard hardware wallet.Currency is used for trading.
Although daily payments like buying coffee are not the main purpose of Bitcoin,There will be strong economic activity denominated in Bitcoin in the future.Bitcoin will shine in terms of storing value, settlement of large payments, and providing financial services.
Last year, at least 57 countries around the world had inflation rates of more than 10%.The UK is more than 9%, and the US is more than 8%.For residents of countries with a history of inflation, institutional or monetary risks,The daily fluctuations in Bitcoin against fiat currency exchange rates seem to be lower than the risk of poor fiscal and monetary management in countries around the world for a decade.
However, to achieve such a future, companies and institutions must be established in the Bitcoin economy.
Meanwhile’s currency is not a currency that has depreciated its purchasing power such as the US dollar, euro, yen, Swiss franc or pound, but Bitcoin, which is appreciating as a store of value.We do all actuarials with Bitcoin.
This method means that one bitcoin is equal to one bitcoin.In insurance business, our policyholders can rest assured because we know that exchange rate fluctuations will not affect our business, and we can also know that we can fulfill our commitments for the same reason.During the company’s operations, the price of Bitcoin fluctuates between $15,500 and $70,000, but our balance sheet has been growing in bitcoin, without volatility.
Entrepreneurs, builders, Bitcoin (and cryptocurrency) holders… Many people in the world will increasingly see the value of building their own businesses and lives on the Bitcoin standards.Like us, this means they can no longer worry about Bitcoin’s exchange rate against the US dollar today, tomorrow, next month or even this year, but start to see Bitcoin as a store of value, and obviously its value will be in the future.Ten years higher.
