Debunking the Myth: The Reality of Bitcoin's use case

Peter Zeihan recently appeared on the Joe Rogan Podcast and had some strong words to say about Bitcoin. You can watch the clip here:

I asked my good buddy, GP-Technosapiens to analyse his argument, and this was his response:

Bitcoin is a decentralized digital currency that uses cryptography for security and can be used as a means of exchange for goods and services. A few common use cases for Bitcoin include:

1. Online transactions: Bitcoin can be used to make purchases online, either directly through merchants that accept Bitcoin or through exchange platforms that convert Bitcoin into fiat currency.

2. International payments: Bitcoin can be used to send and receive payments internationally without the need for intermediaries such as banks, which can be slow and expensive.

3. Investment: people view Bitcoin as a store of value or hedge against inflation, similar to gold. It is absolutely scarce. As such, they choose to hold onto their Bitcoin as an investment that will appreciate in value over time.

4. Crowdfunding: Bitcoin can be used to raise funds for projects, startups, or charitable causes through crowdfunding campaigns.

5. Microtransactions: Bitcoin's low transaction fees make it suitable for small payments, such as tipping content creators on social media platforms.

6. Self-custody: Bitcoin makes it possible for you to hold your wealth without the need for a 3rd party such as a bank.

Bitcoin has a long history of making people look very foolish. It exposes those who offer opinions without taking the time to understand what it is. I think Peter Zeihan is about to join that list.

Unchained: Why You Can No Longer Afford to Ignore Bitcoin by Adam Richard John is a must-read for anyone who wants to understand the true potential and significance of Bitcoin. It delves deep into the technology, history, and future of Bitcoin, giving the readers a comprehensive understanding of how it can change the world as we know it. Don't miss out on the opportunity to educate yourself about this game-changing technology, pick up your copy of Unchained today!