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Bitcoin and the World's Financial Scene

I was going through a blog post to merit some Crypto-tokens when i came across a post analyzing bitcoin as been affected by the price value of the US Dollar, in the sense that when US Dollar Falls Bitcoin also fall in value or it is responsible for any shift in the price of Bitcoin.

All that I wrote here are my personal findings as I look deeply into Crypto-Currency and Blockchain Technology

Looking on how to tie Bitcoin’s Whitepaper to what Bitcoin speaks on ground by action in co-relating her price value to the US Dollar or any Fiat Currency in the world is undefined. Bitcoin is not co-related to the US Dollar but Human’s International Trade and Business Relation is tied to the US Dollar at least as at the time of my writing this post.

Bitcoin is a system that is independent of the US Dollar, our business relation is what is tied to the US Dollar, Bitcoin is a total open cash that is in direct competition with the Present World Monetary System not just US Dollar alone, the presence of Bitcoin have brought solution and fear  into the World Financial Scene , one main fear is that it will in no time take the international scene without been regulated. It usage has been kicked-off by the Likes of Tesla, Microsoft, El Salvador, Dr. Congo and others who accepted it for payment for goods and products on personal basis. Those who start new things are always called crazy and out of normal sense of decorum because they don’t fit into the normal scene as they always question the answer that have been on ground for such a long time. Bitcoin has never been and will never be co-related to the US Dollar or any Fiat Currency but rather Fiat Currencies may be co-related to Bitcoin. If individuals and nations are adopting Bitcoin and other Crytpo-Currencies that meet to their holding seeing them as means of exchange, i see no reason why the Entire Monetary System of the World will not be scared about it, coz the one who controls the circulation of money controls events and seasons. If Bitcoin and some other Crypto-Currency in the Defi Space will relevantly avail themselves as decentralized networks, the world as a race is ready to entertain such an endeavor that gives freedom from restrictions and provides free air for innovation, though we will always kick against it at first.

Why Every Currency in the world have a reserved currency backing it, only Bitcoin is the currency without a reserve or trust based on anyone but on the value agreed upon by the users. Bitcoin is becoming a Means of Storage Value bagged alongside other Reserves to back some Fiat Currencies of the World Economy, this is something that the financial system of the world is afraid of and can tear down anything that stands their way to gain control of it, since it is now a decentralized affair decided by the general public, the only currency in the world that truly fulfills the definition of Money as “Generally Acceptable”, not been en-cycled by Laws governing any nation in the world to enforce her usage on her citizens.

Bitcoin is an Independent Peer-2-peer payment system of the internet, if the internet is been fueled today by the Global Financial System and Bitcoin have come as a disruption to enable the Internet live, thrive  and generate revenue on her own accord but still affects the physical world, creating a niche in Technology so one can live and thrive in the internet, this should awaken in us the power with Bitcoin and other alt-coins, if generally accepted as a means for transaction both in the internet and in the real world. How can Bitcoin thrive in the Internet as a means for payment without first thriving in the physical where the Global Financial System of US Dollar International Relation or any Fiat Financial System thrive, but i know that the world Financial Sea is large to accommodate Bitcoin without it causing any trouble with world economy as it came with her own community and niche and solution that the financial Money System have not effectively fixed before her arrival?

These personal observations of mine is a window of opportunity open to anyone who is an enthusiast of Technology, Crypto-Economics and who loves to venture to realize that Bitcoin is not in co-relation to any Currency by affecting her Price Fluctuations but in the value stipulated on her as a means of exchange, by so doing granting transfer of financial value without boundaries, irrespective of nationality ethnic background or amount.

On the Final Note, Bitcoin was never tied to the US Dollar but she grew from Ten Thousand Bitcoins in Exchange of the Price of Two Pizza (Proof of Worth) not any Fiat Currency to One Coin worth the range above Sixty Thousand US Dollars as at October 2021. We know that the Bitcoin bubble will burst someday or have burst already by this price fall, just as the dotcom era did, but right now the dotcom era is become more useful and valuable than when it was in her bubble stage, some of her Children have ruled the Global Financial System's Number One Citizen as the Worlds Richest as Forbes List have severally shown from her ratings and also which have given me the avenue to also earn some bucks.

We all have come to stay, let us make bitcoin worthwhile.Let me also tell you that anyone can be a member to work on protecting bitcoin to make it thrive and decentralized.

Some say it's a scam, this i will do my best to talk about in another post.

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