With the recent milestone of Bitcoin reaching 100k, many investors are celebrating their increased net worth. However, it’s important to remember that luck played a significant role in getting to this point. While your own efforts and self-control have been crucial in holding onto your coins, the initial opportunity to invest in Bitcoin was a stroke of luck.
As we reach this point of no return, it’s essential to recognize that challenges will only become more complex. Increased wealth brings its own set of difficulties, and the influx of new investors will require convincing them of the existing problems in the financial system. The phrase “Fix The Money, Fix The World” holds some truth, but simply having a finite supply cap is not enough to address all the issues with money.
To truly fix the problems with money, Bitcoin must scale effectively. The network needs to be accessible to a broad range of individuals to prevent wealth from accumulating in the hands of a few custodians who can easily be regulated. Without this level of accessibility, the risk of having your wealth seized or surveilled remains a significant concern.
Therefore, it’s crucial not to be distracted by the current price milestone and to maintain a realistic perspective. There is still much work to be done before the fundamental flaws in the financial system are truly addressed. The journey towards a more secure and equitable financial system is far from over.
This article serves as a reminder to stay focused on the larger goal of improving the financial system, rather than being solely fixated on the price of Bitcoin. It’s a collective effort to create lasting change, and each individual has a role to play in shaping the future of money.
Opinions expressed in this article are the author’s own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.