Bitcoin - Your Passport to Everywhere

Most people’s primary focus when it comes to Bitcoin is using it to protect and grow their wealth.

This makes perfect sense in today’s world. As central banks continue to print more and more money, fiat currency is guaranteed to continue losing value. The things you want to buy are not becoming more expensive, your money is just becoming more and more worthless. Unless you’re happy to sit and watch your wealth evaporate, saving in fiat currency makes no sense at all.

This creates a real problem, because it leaves you with only two options. You can either continue to save in fiat, and watch your purchasing power dwindle, or you can speculate in the markets to try and keep pace with monetary inflation. In simple terms, you have to be at least a moderately successful gambler just to maintain your wealth.

The fiat system provides no functional way for you to just prudently save your money.

Most people are drawn to Bitcoin for this exact reason. They are looking for a safe place to store their wealth that stops central bankers stealing from them via state sanctioned counterfeiting. Protecting wealth is the main problem people are trying to solve for.

With a hard capped supply of just 21 million coins, Bitcoin offers the perfect solution. It enables you to store the fruits of your labour in a currency that no central banker can debase, and finally opt out of inflation. Better yet, given Bitcoin’s finite supply, as demand for it increases, its purchasing power is likely to increase as well.

In stark contrast to fiat currency, when you save in Bitcoin, your wealth grows instead of shrinks. You’d think it wouldn’t be such a hard sell…

The thing is, if most of us were attracted to Bitcoin for this reason, then it’s probably safe to assume you already know all this. You’re here to grow your wealth and Bitcoin is doing a perfect job of helping you with that.

But what if there was even more reason to get excited about Bitcoin? What if the second order effects of sound money offer you much more than just the opportunity to grow your wealth? What if Bitcoin has the potential to set us all free?

Bitcoin And Defunding the State

If Bitcoin becomes the reserve currency of the world, and the primary way that people transmit value, then it won’t be just your wealth that increases sharply, but your freedom as well.

It’s important to realise that central banks being able to print money from thin air does more to harm society than just stealing people’s wealth. It also contributes directly to the power of the state and actively erodes your freedoms.

When the state can collude with central banks to inflate the money supply, it finds itself no longer constrained by the limits of how much tax it can extract from citizens. This allows it to expand well beyond its means and slowly but surely it starts to encroach on every aspect of our lives.

Fuelled by decades of debt we have witnessed our governments build mass surveillance tools, engage in forever wars, and increasingly interfere with our food, health and education systems. Often to their severe detriment.

And if that isn’t enough to offend your sensibilities, consider that despite being able to print money on a whim, the state also feels it necessary to tax your income as well. It can print infinite money to fund whatever it wants, but taxing your income on top acts an effective way to keep you firmly in your place. It’s not in the interests of government for you to be able to grow wealth.

The state doesn’t just print money to steal from you. It prints money to control you.

That’s why Bitcoin promises us so much more than personal riches. If we can shift the world onto a Bitcoin standard, then we can make the money printer obsolete. With Bitcoin we can defund the state, take back our freedoms, and restore the balance of power.

Bitcoin Restores the Balance of Power

Right now governments are out of control, drunk on power, and hopelessly addicted to printing money.

With no limit to their spending, politicians do as they please and are answerable to nobody. They are free to impose draconian laws with little concern for public pushback and spend most of their time enriching themselves and their friends at society’s expense.

But on a Bitcoin standard, the rules of engagement will be very different.

Without the ability to print money the state will no longer be able to tax citizen’s wealth indirectly. It will once again become completely reliant on direct taxation to fund itself and will be forced to negotiate directly with the electorate.

This significantly shifts the balance of power back towards private citizens. Instead of being able to print and spend money without asking permission, governments will instead be forced to justify their taxation policies and spend money appropriately.

If they don’t, then they’ll find it gets increasingly difficult to extract taxes from their citizens. Especially if people store their Bitcoin correctly in full in self-custody and refuse to comply with unjust policies.

Governments would do well to study the Laffer curve, which demonstrates there is a natural limit to how much you can increase tax rates before you start to see diminishing returns.

Bitcoin will also give politicians nowhere to hide. Unlike the nebulous black hole of traditional government finances, Bitcoin’s blockchain offers no such secrecy. Citizens will be able to demand complete transparency and keep close tabs on what politicians are doing.

If public spending becomes viewable on-chain you won’t need to hire a Department of Government Efficiency, because the whole world will be able to monitor how public funds are being spent. It’s unlikely so many fraudulent social security payments would go unnoticed for so long.

The result of all this? A state that’s forced to become subservient to its citizens, the way it should be. Bitcoin will put politicians back in their place and make them public servants once again.

We won’t be asking permission. They will.

Bitcoin – Your Passport to Everywhere

But now for the really exciting bit…

Not only will Bitcoin make states more accountable, it will force them to start competing!

Without being able to print money from thin air, nation states will be forced to survive on taxation alone. The state will shrink massively, along with its role in allocating resources, managing critical infrastructure, and providing performative employment to large swathes of the population.

To fill this gap, nation states will increasingly have to rely on attracting the most productive members of society to their shores in order to survive. They will need entrepreneurs to create businesses and jobs, and skilled labour to build and maintain infrastructure and provide essential services.

The challenge for these nations is that people’s wealth on a Bitcoin standard becomes completely borderless. No longer can they trap citizens with punitive exit taxes and banking regulations, instead they will be forced to negotiate in good faith.

Rather than abusing the productive classes with punitive taxes and forcing them to support bloated welfare states and wasteful public spending policies, they will instead be forced into offering attractive terms. Otherwise, the productive classes will simply vote with their feet and take their wealth and skills with them.

Governments will either learn to comply or watch their nation’s prosperity and living standards fall. 

We are starting to see examples of this spring up all over the world already:

El Salvador is of course the most famous country that has adopted Bitcoin. It offers zero capital gains on Bitcoin, a ‘Freedom Visa’ for Bitcoin investors and is currently developing a ‘Bitcoin City’ with plans for no income or property taxes.

The Isle of Man, just off the coast of the UK, also offers Bitcoiners zero capital gains taxes on Bitcoin and allows businesses to operate without a financial services license for non-security assets like Bitcoin.

The Czech Republic, Europe’s main Bitcoin hub, this year announced no capital gains tax applied to Bitcoin held over three years; and that any transactions under CZK 100,000 (~$4,200) are tax exempt.

And of course one of our favourite destinations to acquire a Plan-B residency, Panama now offers zero capital gains taxes on Bitcoin and now allows taxes, fees, and permits to be paid directly in Bitcoin.

Everywhere you look nation states are starting to acquiesce to Bitcoin and offer more and more attractive terms to Bitcoiners. Circular economies are springing up all across the Americas, Europe and Africa and this trend shows no signs of slowing down anytime soon.

Bitcoin won’t just make your money borderless; it will make you borderless as well. With Bitcoin in self-custody, the world will become your oyster.

Make Bitcoin Your Ultimate Weapon – The Bitcoin Way

People predominantly come to Bitcoin because of ‘Number Go Up’. But the more you study it, the more you realise it’s actually about ‘Freedom Go Up’.

Holding Bitcoin gives you a level of agency and sovereignty that the world hasn’t seen in a very long time. It allows you to live life on your own terms.

But there’s a catch. This level of sovereignty is ONLY available to those who keep their Bitcoin in full self-custody. If you’re holding ETF shares or your Bitcoin is held by a third-party custodian, then freedom will continue to allude you. Want to take your wealth across borders? Well unless it’s self-custody you’ll be asking permission to do so.

Don’t be surprised if you don’t like the answer.

If you’re ready to achieve this level of freedom and expand your options in ways that have never been possible before, then get in touch. Our experts can help you explore your options and leverage Bitcoin to its full potential.

Start your own epic journey today, and book a free 30-minute call with one of our experts.