Things are escalating quickly folks.
If somebody, in 2020, had told me that the Russians, in 2022, will be rushing into the Bitcoin network to protect their savings, I would not have believed that.
But, whether you like it or not, here we are.
Many of the Russians - although through hard way - have figured out that Bitcoin is the monetary technology we need.
After invading Ukraine, Russia is being criticized consistently by the world. Just to be clear, I am a supporter of NOBODY in this war.
The West came up with the idea of imposing financial sanctions on Russia as a way to stop this.
Who are they going to hurt?
The normal citizens of Russia who have no control over this.
As a result of the sanctions:
Russia’s ruble crashed by around 30% against the dollar on Monday. TRANSLATION: Russians’ savings got devalued by 30% overnight.
The people can no longer use Apple or Google pay to pay for the goods/services.
Long queues out the ATMs as people panic and want to cash out their savings.
We can agree on the fact that most of the Russians don’t want war. Still, for no reason, their savings are being debased away, and they are being cut off financially from the outside world.
Seeing this, Russians have turned to Bitcoin.
Because Bitcoin is the only money in the world that works for everyone equally. It doesn’t recognize nationality. Nobody can impose sanctions on the Bitcoin transactions. Nobody can debase their savings in Bitcoin.
Russians need Bitcoin today more than ever.
Those who were saving their money in Bitcoin prior to the sanctions are doing better than those who realized the importance of Bitcoin the day sanctions hit. For the late comers, it was too late. Their savings in ruble got devalued in front of their eyes and now they have to pay a HUGE premium to keep their savings protected in Bitcoin.
They could have decided to do this early, when there was no war. But they didn’t.
The reason I am writing this newsletter is that I want you to start acting now. Don’t take your financial privilege for guaranteed. Don’t take the digits shown in your bank account for granted.
Don’t wait until the day you wake up to see your savings bring devalued by 30% overnight. At that time, whether you like Bitcoin or not, your mind will force you to buy it in order to protect what’s left.
I ask you, what’s the better deal? Buying it now when you have most of your savings or buying it later when you lose most of your savings?
Not a difficult one to answer, right?
You have this golden opportunity to exchange worthless paper currencies for the real money, which is Bitcoin.
There will come a day when you won’t be able to buy this thing, you’d have to earn it.
Our legacy financial system is destined to collapse. Although we can’t stop its inevitable fall, but we can prepare now for the moment when shit hits the fan.
Ask any Russian, they’ll give you the similar advice.
FINAL THOUGHT…
Can’t stop, Won’t stop.