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A Venn Diagram To Explain Why More and More People Will Buy Bitcoin in the Coming Years

A Venn Diagram To Explain Why More and More People Will Buy Bitcoin in the Coming Years

Bitcoin responds to the problem of trust in society.

Often referred to as a logic diagram, a Venn diagram is a diagram used to show all possible logical relationships in a finite collection of different sets. Venn diagrams were invented in 1880 by John Venn, who was a renowned British mathematician and logician.

Recently, I saw a Venn diagram appear on Twitter to show what was driving more and more people to buy Bitcoin. Here is the famous tweet:

Joumanna Bercetch Tweet

First of all, I must say that I find Joumanna Bercetche’s idea very interesting. Using a Venn diagram to show that the purchase of Bitcoin is made by people at the junction of three large sets was well thought out.

In her diagram, Joumanna Bercetche represents the following three sets:

All those who hate the U.S. dollar, and de facto all fiat currencies. All those who hate central banks. All those who hate their government.

If you are part of each of these three sets, you fall into the subset of those who buy Bitcoin. It’s a simplification of things, but I like the idea as I just told you.

Nevertheless, I find that talking about hate is far too violent a thing here.

I buy Bitcoin, but I don’t hate the U.S. dollar, the government, or the central banks. Rather, I would say that I no longer have any trust in the humans who are at the head of the current monetary and financial system. History has shown us that these humans always end up yielding to corruption or making decisions that benefit only a minority of people.

Bitcoin responds to a major trust issue for the people

Bitcoin is a matter of trust. When you buy Bitcoin, you choose to trust the laws of mathematics rather than the human beings at the head of the current system.

Expressed in the form of a Venn diagram, my representation of things looks more like this:

Illustration by Syl...
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