Well, it was yesterday that Bitcoin passed the 100 thousand dollar mark. Where is it now? Well, as I write it is under the 100 thousand dollar mark. Well, of course Bitcoin is volatile, it goes up and down, but mostly up in the long run.
That is why Michael Saylor says, If you do buy Bitcoin, be ready to hold it for 10 or 20 years. By the way Michael Saylor thinks that by the year 2045 Bitcoin will reach 13 million dollars.
I was just looking at a video of someone saying, try as hard as you can to get at least .1 of Bitcoin. Well, lets check it out, if you did get .1 of Bitcoin at the time of 2045 with Michael Saylor's prediction of 13 million dollar Bitcoin by that date. So $13,000,000 times .1 equals $1,300,000. How about that?
Of course to get .1 of Bitcoin right now, you would need $10,000. But why not work to get that much Bitcoin by 2045?
If I am still alive by November 2045, I would be about 87 years old. Well, my dad lived to be 80 at his death and my mom lived to be 92 at her death. As for me I think that 87 is still young, God willing I can live that long.
Why do I talk about Bitcoin? Well, remember in the Bible in Genesis where the money failed? This was the time when Joseph was head of Egypt under Pharaoh. The time of the 7 year famine, after the 7 years of plenty when there was great abundance of corn, and in those years of abundance Joseph ordered to store the corn, against the up coming famine.
So when people started to buy the corn, after a time the money failed.
Well, how did the money fail? I would imagine their money was gold and silver. Can you imagine hungry people making money with gold and silver, but mixing it with other metals? They mixed it so much that there was more of the other metals in the coins than the real gold or silver.
Now look at our dollar. I am talking about USD. Sure the dollar is strong compared to other currencies, but are they watering down the paper dollar? Yes, they are, as they keep on printing more, making our food prices to keep going up, but our wages have not kept up with inflation.
Now you can water down the dollar, by printing more dollars. But can they water down Bitcoin? There can only be 21 million Bitcoin out there and some of that might even be lost.
So that means, that Bitcoin may not fail, like in the days of Genesis during the great famine or even now days when the prices of eggs keep going up, not counting the vehicle insurance.
So what's the plan, well, maybe every time you get paid, put a little money away to buy some Bitcoin and continue to do that, for you are saving your digital gold against the time when the dollar fails.
Let's end with a scripture, as it is written, And so he that had received five talents came and brought other five talents, saying, Lord, thou deliveredst unto me five talents: behold, I have gained beside them five talents more. Matthew 25:20.
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Thank you, David.
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