Bitcoin
$9,708.75 -0.66%
BTC · 8w

Bitcoin HODLER One Day, Bitcoin HODLER Forever

Bitcoin Is Much More Than Just a Store of Value

While Bitcoin does play a role as a store of value to protect your wealth, this role is actually only Phase 1 of the mass adoption of Bitcoin that Bitcoiners are fighting for on a daily basis.

Phase 2 of Bitcoin adoption is to develop support for Bitcoin among as many merchants around the world as possible. Bitcoin needs growing to become a true means of exchange, as well as a true means of payment.

Bitcoin allows you to opt-out of the fiat system to protect what you own today.

The goal then is to be able to use the wealth you have preserved with Bitcoin to make your daily purchases. In concrete terms, the plan is that one day you will be able to switch from U.S. dollar and other fiat currencies to live your life on your own terms.

I realize that there is still a long way to go before Bitcoin reaches this level of adoption. However, remember what Lao Tzu said about this:

“The journey of a thousand miles begins with one step.” — Lao Tzu

The journey for the full adoption of Bitcoin by the general public will be long, but as Bitcoiners, we are taking the first step by HODLING our Bitcoins no matter what the cost.

As a Bitcoin HODLER, you need to understand that you are embarking on a journey that will be long.

As always with Bitcoin, the more patient and resilient you are, the more you will be rewarded. If you support Bitcoin until its price reaches $100K, you will already be greatly rewarded, but you will probably miss out on something bigger.

That something even bigger than a $100K Bitcoin, or even a $1M Bitcoin, is a Bitcoin that would become a unit of account.

This is the expected Phase 3 of Bitcoin mass adoption.

Go to medium.com
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