For thousands upon thousands of years, mankind has used “money” as a medium of exchange to make the transfer of goods and services easier.
One of the first uses of MONEY documented in America was “WAMPUM”. Wampum were beads strung together. They were often used as a medium of exchange for both Native American tribes and settlers during this Pre-Revolutionary era.
Beads? How could they have used Beads you say? Or maybe you’d say “I would never use Beads”. But they did and if you were living during those times, you’d use them too.
Use of Wampum to trade for Guns and other goods was common in the early years before the USA
But eventually, over time, Beads were replaced by other types of money.
What humanity has used for money has changed many times over the last thousand years.
For example, did you know humanity used livestock as money ie…cows, sheep, camels, and more? Oh and metals have been used sometimes in bars, sometimes made into round things called “coins”. The metals used have been bronze, copper, silver, gold et al… and many are still in use today. We use paper and plastic money too!
At first, humanity did the trading between individuals. Then governments got involved to help make it easier. And they became the arbiters of money.
But now, over the last decades, we have seen the use of “Electronic Money”. Most money now is NOT paper money or gold, it’s electronic. It’s a number on a computer at your bank. It’s not tangible. You can’t hold it in your hand. It’s digital. And we have been using it for decades now. And the governments around the world remained in control calling it “official tender” and humans allowed it. We bought in and it’s worked out well; just not for all of humanity.
Fast forward to this week and although it’s been around since 2009, over 15 years, people are starting to notice something called BITCOIN and its’ fellow “cryptos” that are NOT government-controlled. They are digital assets that just exist online in our newly connected digital world. No government controls them. As of this writing, over 219 million people “own” Bitcoin. With over 8 billion humans on planet Earth, that is about 2.7% of humanity.
At first, it was a nerd thing; a novelty, a “what’s that about?” curiosity. But now, it’s gone mainstream, and the biggest markets in the world are promoting and using it.
The transfer of digital assets into Bitcoin is soaring. This past week, we’ve seen an incredible amount of entry into the new ETFs offered by major funds ie… Blackrock, Fidelity, Ark, and more. It’s in the billions each day. It is a stampede.
What is Bitcoin?
Bitcoin is the first decentralized cryptocurrency. Nodes in the peer-to-peer Bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight.
What is happening is that humanity is now on the verge of using another form of money just like it has over the millennium. But this one is NOT controlled by governments. And because it’s not controlled by any one government, it cannot be debased or devalued by “printing” more. So its value is a function of supply and demand. And to so many people that seems more logical, more valuable than owning a tool of the government that they use to wield power over citizens.
For example, over the last 12 months, Bitcoin is up by 200%. It was valued around $ 20,000 and now it’s over $ 62,000. 12 months ago, Gold was at $ 1928 and now it is trading at $ 2083, up “8%”. And the US Dollar over the last 12 months is down “4%”.
If you bought Bitcoin five years ago at $ 3600, you’d be up 17x or 1700%. By holding US Dollars, you’d be down over 20% (Inflation Calculator)
Do I need to tell you which has been a better investment?
So why are so many still on the sidelines hypnotized staring like deer in the headlights? Is it indoctrincation? Conditioned to believe money is only good if the US Government prints it? What does our history say about money and where we are going?
I don’t know but it’s clear to me that holding Bitcoin as a store of value is far better than anything else on the planet and we are so many now buying it and the supply is finite, the math says Bitcoin will be over $ 100,000 within 2 years and in 10 years? $ 1,000,000 Bitcoin is very logical.
And with the US Government always growing its debt and devaluing the US Dollar, well, what is the play to win the future?
So are you already a holder of Bitcoin? Or are you like the 97% of humanity that is just now waking up and realizing this digital asset is a serious player in the money game and is here to stay for our lifetimes and beyond? Either way, it’s game on and Bitcoin is winning the future! And you?
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Charles Bivona Jr., aka Coach JP Money, is a business strategist, financial coach, and founder of CoachJPmoney.com. A lifelong entrepreneur, he launched his first real estate deal at 17 and went debt-free by 1998. Since then, he has built national media brands, advised small businesses, and helped clients grow online using smart strategy, digital tools, and creative grit.
An expat living in Baja, Mexico, Charles also writes and produces music as Johnny Punish and lives off-grid at Hacienda Eco-Domes, a sustainable retreat he built with his wife. Through providing small business services, coaching, writing, and podcasting, he’s on a mission to help others win their future—on their terms.
Read his full bio at PunishStudios.com >>>
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