Bitcoin and Economic Empowerment
Where economic turmoil has upended lives, Bitcoin is a means of surviving from one day to the next. In countries like Sudan, Afghanistan, Nigeria and Cuba, Bitcoin protects what wealth remains after inflation has waged its toll. In less dramatic circumstances, marginalized communities are using Bitcoin to gain a foothold in a global economic system that has cast them aside.
Bitcoin is a permissionless network that doesn’t care who you are, what you do, or where you’re from. As a result, Bitcoin may help protect the future you’ve worked so hard to create, and all you need is an internet connection.
Yes, Bitcoin can transform anyone’s financial outlook, but more importantly, it can save lives. This article will give a few of the many examples as to how Bitcoin is doing just that. Bitcoin’s mass adoption will hinge as much on how it economically empowers the powerless as it will on how it fits in a well-crafted portfolio.