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Believe it or not, bitcoin is money.

This may be a hard sell to many of us in the Western world, specifically here in the United States. I get it; the dollar is the reserve currency of the world. Yes, there is inflation, but it’s not that bad, despite today’s inflation being the highest it’s been in more than 40 years.

I don’t know about you, but the ever-decreasing value of my dollars is one of the reasons I learned about bitcoin in the first place. Whoever said we needed to have inflation? John Maynard Keynes did, by the way, and it’s the economic theory taught in schools throughout the nation.

My point is it can be difficult for Western civilization to understand why bitcoin is important. Many are blinded by the “strength” of the dollar and are unable to appreciate bitcoin’s utility...

To read more visit Bitcoin Magazine.

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