Because Bitcoin is decentralized and not controlled by any government, it can help people living in tyrannical countries, according to cryptocurrency experts.
As Executive director of the Texas Bitcoin Foundation, Natalie Smolenski, told “Just the News, Not Noise” television show last week: “Bitcoin is freedom money.”
She noted that Bitcoin is generated through a computer process called “mining,” rather than being issued by sovereign states.
“[T]he problem with traditional currencies — fiat currencies — is that they’re all politicized. We’ve seen this recently in geopolitical events — for example, Russia’s war with Ukraine. It is now possible for countries to have their sovereign reserves frozen and confiscated if they’re in another government’s issued currency,” Smolenski said…
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