Where were you when you first heard of Bitcoin?
If you’re like me, you probably thought it was money for a computer game or something boys did when betting on sports. Or maybe you heard of someone making and losing a lot of money on it, and you steered clear of it.
I first became interested in Bitcoin when the governments all around word started printing money in the middle of the pandemic. Suddenly, trillions and trillions of dollars flooded the economy. It was supposed to stimulate the recovery and create jobs for people who lost their jobs. It was supposed to help common folks make ends meet and give people an opportunity to improve their lives.
Instead, all that money [liquidity] flowed into the stock markets and the real estate market. Prices shot skyhigh and people were still out of work. Oil prices skyrocketed, lumber prices went through the roof, and the inflation rate just came out at an eye-popping 5%.
What does this have to do with Bitcoin? Well, it made me investigate Bitcoin’s claim of being digital gold, something that doesn’t inflate or devaluate. And that led me to figure out what sound money is. It’s money that keeps its value. Money that doesn’t lose purchasing power.
Did you know that every time they print money? When they create dollars out of thin air, that they are stealing from all of us? That our existing dollars become worth less? That inflation is a stealth tax on everyone, and extremely regressive? Meaning it hurts the lower class worse since they don’t own assets [real estate, stocks, and commodities]. It hurts those with fixed incomes, living on Social Security, getting a paycheck that doesn’t keep up with inflation, trying to keep their heads above water.
Well, it turns out Bitcoin is a non-inflating currency, and it is enforced on a decentralized network of computers by mathematical properties in such a way that no one can “print” more of it. There will ever be a fixed number of Bitcoin, and it can be used to store monetary value and help people who are disenfranchised by the traditional financial system be able to keep what they earn. The country of El Salvador became the first country to make Bitcoin legal tender in an effort to lift its citizens out of poverty. https://www.coindesk.com/its-official-el-salvadors-legislature-votes-to-adopt-bitcoin-as-legal-tender
So, if you haven’t heard of Bitcoin before, or you’re curious about it, then please look into it more, because it can hedge your financial health against all of the “money-printing” central banking system. I felt this was so important, that instead of writing my next romance, I wrote a book to help you take a deeper look at Bitcoin. I made it understandable and skipped the hype. My book is a common sense approach to taking a closer look so you can make your own decision, or at least understand what all the conversation and debate is about. https://books2read.com/smartwomansbitcoin
This book is for the busy woman who wants to discover Bitcoin and understand enough of its mathematics and technology in order to gain conviction on how she’ll relate to Bitcoin.
- You will learn about sound and unsound money, and why Bitcoin can never be inflated.
- You will understand the way Bitcoin is created and why it is stronger and more secure than other cryptocurrencies.
- You will get an introduction on ways to invite Bitcoin into your life: exchanges, wallets, payment systems, affiliate rewards, and tax considerations.
- You will also get a dose of Bitcoin FUD (fear, uncertainty, and doubt) and explore reasons why Bitcoin might not be the right date for you.
- Finally, you will be treated to a short list of influential women in the Bitcoin space to inspire you and let you know what can be done with Bitcoin to make the world a more equitable and inclusive place.
Good luck and happy Bitcoining!
Rachelle Ayala is a USA Today bestselling author of contemporary romance and romantic suspense. Her foremost goal is to take readers on a shared emotional journey with her characters as they grow and become more true to themselves. Rachelle believes in the power of love to overcome obstacles and feels that everyone should find love as often as possible, especially if it’s within the pages of a book.
Her book, Knowing Vera, won the 2015 Angie Ovation Award, A Father for Christmas garnered a 2015 Readers’ Favorite Gold Award, Christmas Stray received a 2016 Readers’ Favorite Gold Award, and Playing for the Save got the 2017 Readers’ Favorite Gold Award in Realistic Fiction.
She is also a writing teacher and founder of the Romance In A Month writing community. She lives in California with her husband and has three children and two birds.