Opinion: Michael Amar, co -founder of Chain of Events and Compusever
A long, long time ago, in 1848, a man could enter the desert on the edge of poverty and emerge, stuck in the mud, dust and days, a multimillionaire. The discovery of gold in California in the mid -nineteenth century lit a fuse, causing explosive waves that transformed the American economy.
In 2025, a relatively modern resource, less shiny, but no less brilliant and scarce, looks like the transformation of the global economy and cause another accumulation race. Only this time there will be Pickaxes and Patch. There will be Asics, algorithms and technology of the Distributed Book of the Book.
Of course, this applies to Bitcoin (BTC), also known as digital gold.
Like gold fever, it stimulated banking, financial systems, loans, trade and changes in monetary policy, history is repeated with bitcoins, digital payments, tokenization of assets and cryptopolitals. Act, regulations and culture have changed to accommodate gold. They do the same for bitcoins and cryptocurrencies in general.
Discovering historical similarities
Gold made the wealth of “thin air” and Bitcoin does the same. With about $ 2 trillion market value, those who accepted early and took the greatest risk are currently millionaires (in fact, over 85,000 were confirmed), in some cases billionaires (it is believed that there are 17 of them).
Of the hundreds of thousands that came down in California, those who hit real gold used their modern wealth to build railway lines, telegraph lines and entire cities. Early stories of Bitcoin success used their financial muscles to make further claims by developing applications, developing infrastructure companies and cultivating the industry. Michael Saylor founded Microstrategy, who changed to a strategy. This business intelligence company has a Bitcoin worth over $ 48 billion, while Changpeng Zhao founded the world’s largest cryptographic exchange and is worth over $ 57 billion.
Last: Coinbase, CEO Gemini throws service for bitcoin only crypto reservation
Today’s business analysts and market experts should look at American gold fever, in which they will find striking similarities. Just like the extraction of gold once attracted employees and investors, Bitcoin attracts institutions, startups, talents, governments and capital influences. Reserve with gold changed global economics and caused gold a demand. Will the American Strategic Bitcoin Reserve do the same?
Men started a gold fever from Pickaxes and Ms. and ended it with hydraulic mining equipment. The earliest bitcoin users have brought their home computers, while now there are huge energy -saving mining devices, the most current cooling apparatus and lightning network. Scalability and performance jumped forward.
Wider implications for international finances
In addition to immediate wealth, infrastructure, monetary policy and economic waves, there is monetary sovereignty. Each country that establishes the Bitcoins reservation as protection against inflation or geopolitical stability transfers the future into its own hands. It is identical to gold, which has been used as a reserve for a long time. However, from “The Nixon Shock” in 1971, the American dollar separated from gold, creating a backlog for a modern resource to fill huge gilded shoes.
Money sovereignty is also the main driving force of retail adoption, and Bitcoin offers protection against inflation and government policy through economic decentralization.
Addressing the skepticalism of various recipients
Universal enthusiasm among technology leaders, libertarians, celebrities, companies and popular political figures met with many years of fear, uncertainty and doubts (FUD) from regulatory bodies, skeptics and some of the most outstanding investment managers in the world. They say that Bitcoin has no real value, but let it be said that gold is simply shiny, semi-grace.
Larry Fink, general director of Blackrock – the world’s largest investment company with assets of $ 10 – once – once called Bitcoin “Money laundering index”. Over the years, he has moved from the Messiah to the purchase of 2.7% of global Bitcoin supply and publicly stating that he can reach USD 700,000 for BTC. “When I became a cryptography student, it was very clear to me that the crypto was a currency of fear,” Fink he said. “But this is fine. If you are afraid to discourage your currency or economic or political stability of your country, you may have an international instrument called Bitcoin, which can overcome these local fears.”
If FINK can change their minds, like other skeptics.
In the previous winning election, Trump was quite noisy about the strategic Bitcoin reserve and was still. It seems that matters are also shaped in terms of individual countries heading towards building their own reserves.
Gold had a transformation impact on the world. Bitcoin is now here to free him from his duties.
Opinion: Michael Amar, co -founder of Chain of Events and a general partner at V3nture.
This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.
