Thread by @Willbrandblock

In 2021 i was fortunate to make big gains in #Crypto
But wealth is better when shared with loved ones.
So in 2022 lets all make a resolution to get one new person into #crypto via #Bitcoin

Here is a thread to help 🧵👇

1/ WHAT WE WILL COVER - PT1

I am not a #Bitcoin maxi but to keep things simple i have focused on #btc because...

-Its the first asset most of us learnt about
-Educating about #Bitcoin tends to lead to a broader interest in #crypto
-Its the safest bet long term

2/ WHAT WE WILL COVER - PT2

Specifically this thread will cover:
-Problem #BTC solves
-Why BTC is better than GOLD
-Addressing green energy concerns
-Proving it "doesn't crash"

3/PROBLEM IT SOLVES - PT1

Around 200 Central Banks (CBs) control the production & distribution of money and credit for nations around the world.

CBs were entrusted not to devalue a countries currency. But increasingly this is not the case...

4/ PROBLEM IT SOLVES - PT2

Over the last decade central banks around the world began to print new money at record levels...which was accelerated even further by #covid19.

Simply countries printed more money to pay off rising debts, associate with the pandemic.

5/ PROBLEM IT SOLVES - PT3

All of this money printing leads to prices going up, because...

You print money
🔽
Households have more cash & therefore more money to spend on goods.
🔽
If there is more money chasing the same amount of goods, firms will just put up prices.

6/ PROBLEM IT SOLVES - PT4

Don't think this price inflation problem is that bad?

Look at this UK example.
Beer alone has gone up 84% alone 20yrs!.

Now apply that to everything from housing, to cars. It really begins to add up

And means the money we earn goes less far.

7/PROBLEM IT SOLVES -PT5

The

7/ HOW #bitcoin helps - PT1

#btc solves this price problem in a few ways...
-It is a store of value (like gold).
-BUT it is fully decentralised & not audited by central banks.
-This means that CBs cant make more #bitcoin & make it inflationary.

8/ HOW #bitcoin helps - PT2

In fact #btc is deflationary:
-there are only 21M #btc in existence
-18M have already been released (about 85% of supply)
-and many have been lost or cant be retrieved, meaning the supply is actually much less than 18M

9/ HOW #bitcoin helps - PT3

In short #bitcoin is like digital gold. A store of value that is a great hedge against inflation (ie money printing)

...but it is in fact even better. Because...

10/ #Bitcoin VS #GOLD

Bitcoin is better than gold because:
-#BTC require real world mining that destroys the planet.
-Easier to move around the Gold.
-Supply cannot be manipulated by banks (unlike gold)
-And from a price point of view #btc has destroyed gold, see below.

11/ GREEN ENERGY PROBLEM

Ok but isn't #Bitcoin really bad for the environment?

In relative terms...no!

Look at the energy consumption of #BTC vs gold and banking via @GalaxyDigitalHQ

12/ DOESN'T IT CRASH A LOT?

Yes #Bitcoin a new & volatile asset.

Yes it may dip between 50/80%.

But zoom out and it has only ever gone up, long term, since it started.

Its fantastic investment

13/ CONCLUSION

This is only designed as intro to spike new peoples interest in #bitcoin #crypto but i hope you found it useful.

I hope it helps people to go on and find out more

14/ OTHER THREADS

IF you like this thread you might like my others below.

Please also Retweet & tag a friend if you found it useful

https://twitter.com/Willbrandblock/status/1471186673694351360