Get Ahead of the Curve to Financial Freedom

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Posted by The Savvy Retiree on March 5, 2017 in Money Saving Strategies, Personal Finances

Marc Carignan writing on bitcoin…

A growing number of people worldwide are becoming aware that something isn’t quite right in the world…and that something big is happening behind the scenes.

These changes don’t always make it into the mainstream news.

We see the rise in nationalism growing around the world. This past year brought us both Brexit and a new president in the U.S. – both voter-initiated actions that are changing the course of politics and finance for at least the next generation.

This new nationalism has slowed the move toward globalism. Trust in the U.N. is faltering. And, the introduction of a new global currency is more unlikely than was thought before.

So, what will happen? How do we – as “aware” individuals – both protect ourselves and take advantage of the new opportunities that these major changes will bring?

Today, there are new ways to both protect your wealth and invest in future opportunities. The answer for many are digital currencies, and in particular, bitcoin.

Bitcoin is changing the future of money and giving control back to the people, rather than governments, banks, and other corporations. Investing in bitcoin is like investing in a new type of “digital gold.”

Gold is traditionally seen as a “safe haven” asset by investors – when uncertainty and risk are high, gold seems like a safe bet. Bitcoin is also seen by many as a safe bet, or hedge against the system, because it is outside the system.

Bitcoin provides you with a new opportunity to protect your wealth against a fiat currency system that is often corrupt…and where governments (or their central banks) print as much currency as they want, causing its value to fall over time.

Gold and bitcoin share another aspect in common. They are both limited assets. Gold is limited to what is currently above ground and about 1% to 2% more each year based on new gold that is mined.

Bitcoin is also limited with only 16 million coins available today – and there is a limit of 21 million on the number of coins that can be digitally “mined.” It’s expected to reach that limit by 2040. Scarcity is an important component of maintaining value, and therefore both gold and bitcoin are likely to rise in the months and years ahead.

If the last two years are any indication of what lies ahead, the opportunity for bitcoin continues to be outstanding. As the best performing currency of 2015 and 2016, bitcoin is again poised for great growth in 2017, while providing a safe haven for your wealth.

The time to prepare for what’s ahead is now. Preparation is all about making plans and taking action before problems occur. Once the next financial recession takes hold, bitcoin will already be propelling forward.

Editor’s note: Marc Carignan is founder of the The Bitcoin Tutor website and author of the book of the same name.

Image: ©iStock.com/ardaguldogan