Welcome back dear traders and investors!
We continue to break new all-time highs, we continue to structure a giant building of joint capitals of great volume and size.
Consequently, we mobilize amounts in Bitcoin, sometimes large other times small, and it is that in reality, this entire wonderful world and market are born of an economic promise that every investor must know for his greatest benefit to the letter.
Image edited in Photoshop Before talking about why Bitcoin holds an open promise for years to come, we must first understand some economic laws and dogmas that provide comfort, profitability, security and healthy market development. Everything is born from an old concept of the "classical school of economics" that suggests a fundamental premise for the value of money and its mobilization "the amount of circulating currencies cannot be infinite, but rather limited" because this would be a devaluation and inserted inflation or implicit in the currency. This law or monetary principle is still applied in the economy due to its certainty and sharpness in the material criterion of the asset at a globalized level. Let us say that the consistent practice of this opinion allows in itself an added value to the specific capital. Remember when when we were little we used to think that poverty could be cured by printing more money? Surprise! that is not how economics works, nor the valuable legacy of the classical school.
We must jointly know that the classical school is not the only one that is discussed daily on the subject of economics and its theories. On the contrary, we could say that Bitcoin is also a conjugation of schools, techniques and economic instruments.
It is said that Bitcoin denies the Marxist school, because they were the first to consider at the time that capital or currencies should be backed in gold. Shortly after, modernity changed this paradigm and the support of gold was replaced by confidence. At this moment the dollar is backed by confidence, like Bitcoin, however, by economic models of the European Union, the Euro continues to support its amounts of circulating money in gold, and we could say that it has not done badly. The antithesis of this approach is linked to manipulation, since trust is not something that can always be present, in the same way, criticism suggests that it can be quickly lost if the social psychology of the market is not adequate.
It is likely that in the coming days we will see a close decrease in the material price in the dollar market, since recently the United States government announced that it was going to make a new monetary issue, as well as the increase in wages in some of their states. Likewise, these decisions can be marked by macroeconomic consequences.
The Promise:
Therefore, the direct and indirect creator of the blockchain and cryptocurrencies Satoshi Nakamoto thought about respecting such economic dogma, focusing on creating a limited mineable quantity that would end over time. In some way, the fulfillment of this order keeps us in expectation that the Bitcoin -in open promise- manages to surpass millions of markets in the world. If it were you, I would dedicate a part of my earnings to saving Bitcoin without spending it, in fact, large entrepreneurs have started doing it for a long time.
The promise of Bitcoin dictates by example that there will only be 21 million coins. There are currently 2,188,987.5 bitcoins remaining to be mined. And 18,811,012.5 bitcoins circulate. This number changes every 10 minutes, when new blocks are mined. Right now, each new block adds 12.5 bitcoins to circulation for market fluidity.
When Bitcoin ceases to be a currency in constant emission, the classical theory of economics suggests that its price value will take great upward motivations, because the amount will be limited from then on and it will not be so easy to seize the entire amount of circulating Bitcoin in the world. In fact, it should be analyzed when this point in history arrives, because it would affect both the economic plane, as well as the reliability and profitability of mining. Although some theorists and businessmen say that Bitcoin is with its young age (12 years) a mother of many children, including the most important of all that we should not take our eyes off of her, much less "Ethereum" at this time.
The promise is that all Bitcoin bearers will get rich and millionaires?
What a funny joke! I wish things were so easy. The promise of Bitcoin proposes that -based on theoretical foundations- its value will grow over the years (something that we can already realize) and it seems that this rocket is really giving life apart from its futuristic interest for the economy and innovation, is the official death of the coin in a matter of mining. Saving in Bitcoin in 2021 is one of the best recommended instruments for investors today. Of course, it is not an idea as stable and consistent as saving in gold, but leaving aside our conservative nature, saving in digital currencies, including Bitcoin is a daring option, but with many more benefits.
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