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Bitcoin; DXY reversal points to a brighter future for Bitcoin

Look at this statistic as it relates to the importance of personal finance to people.  6.4 billion people own smart phones, globally.  Then how is it that only 3.8 billion people own bank accounts, globally?  Bitcoin helps the unbanked have access to the greatest savings technology in human history.  The unbanked can have an offline Bitcoin wallet without a bank account.  Even in the most remote Islands in the world!  Combine that fact with this, click here to read more. Here is the link to the second article.


Isreal and the EU are banning large cash payments.  Partly to avoid cross border payments, partly to ease the transition to digital currency.  Namely, CBDC, central bank digital currency.  We have written a lot about CBDC.  Central banks would track every dollar spent.  Social media posts that represent what they disagree with, buying to much of an item they want to limit.  Beef, Gas, Diesel, Power.  Any of this could be met with an individual being cut off from access to their CBDC.  It gives the state control over money.  Even more so.  Banning cash simply accentuates this.  Eases the transition.  See this chart below to show how many countries globablly are living with 6% or greater CPI inflation:

Neutral ATM - Bitcoin ATM’s in Texas - Bitcoin; DXY reversal points to a brighter future for Bitcoin


When a nations money supply inflates, the money loses buying power.  The money does not go as far as it used to.  Therefore, more money has to be printed.  We end up with bail outs for corporations, bail ins for bank depositors.  A bail in is when banks prohibit depositors from withdrawing their own money.  See China.  They parked tanks in front of their banks to stop depositors from rioting.  So in sum total.  Banks and central banks globally.  Especially in the west.  Are banning large cash transactions.  Slowing down the ability to withdraw from banks.  Stimulating their economies with money printing, and stimulus packages of varying types.  This really became a global phenomenon after the onset of Covid 19 in 2020.  As buying power is diminished, savings accounts drop.  The depositor is victimized by this.  Inflation is a tax!

However, the Bitcoin network which is called the blockchain.  This is where Bitcoin transactions are stored.  All transactions can be counted.  The total amount of Bitcoin in circulation can always be accounted for.  Every Bitcoin can be tracked through every owner in history, for each coin.  No central bank or government has authority over Bitcoin.  It is separate and apart from all over reach by any government or central bank.  Therefore, Bitcoin is decentralized.  There are millions of Bitcoin miners in over 200 countries mining Bitcoin.  Below is a chart of the power of the Bitcoin network vs the top 500 super computers: