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CRYPTO IS BETTER MONEY: Paul Rosenberg Proves that Bitcoin Beats Fiat!
Following October’s volatile month in the stock market, cryptocurrencies have proved themselves to not only be stable, but relatively immune to major stock market declines. And compared to the U.S. dollar, which has consistently lost value over time, multi-year crypto ownership has been highly successful. But given its brief history, can we really say that crypto is better money?
Wealth Research Group is always seeking to educate and inform our readers and viewers, so we interviewed Paul Rosenberg, the Editor and Director of Free Man’s Perspective, located on the worldwide web at FreeMansPerspective.com. This publication covers a broad range of political and economic topics and is dedicated to direct, unfettered free speech and building a new model of human life that makes the old way obsolete.
To put it bluntly, Paul Rosenberg knows a lot about a lot of things. A lifestyle capitalist with a broad range of interests, Mr. Rosenberg’s passions include philosophy, theology, history, psychology, and physics – as well as cryptocurrencies and the blockchain, of course.
Paul’s diverse interest base is reflected in his extensive repertoire of published titles, including A Lodging of Wayfaring Men, Production Versus Plunder, and The Breaking Dawn, not to mention 55 engineering and construction books. In addition, Paul is a co-founder of the Cryptohippie privacy service.
Courtesy: Paul Rosenberg
Prior to this, Mr. Rosenberg’s highly successful engineering career saw him called as an expert witness in numerous legal cases and recruited as a consultant to a number of high profile organizations. Paul has developed and taught 19 continuing education courses for Iowa State University’s College of Engineering, and he co-founded the Fiber Optic Association and wrote the first ever standard for the installation of fiber optic cables in buildings.
Paul Rosenberg has been featured on The Project to Restore America, Zero Hedge, Casey Research, The Daily Paul, The Burning Platform, Global Wealth Protection, Freedom Fest, Libertopia, Early to Rise, and Freedom’s Phoenix, among others, and now Wealth Research Group is glad to tap into Paul’s expertise in the area of cryptocurrencies.
It’s a bold statement to say that cryptocurrencies are the best form According to Paul Rosenberg, U.S. dollars are created by the Federal Reserve in exchange for Treasury bills – and these have interest attached to them, which complicates things. Cryptocurrency, in contrast, is just math and cannot be changed.
As evidence of this, Paul points out that there will only be 21 million Bitcoins created; this will not be changed. 17 million of these Bitcoins have already been made, so any new ones will be created at a limited pace. We can compare that to dollars, which are being printed all the time, thus diluting the value of the dollars already in existence.
So, according to Paul Rosenberg, Bitcoin has to go up in price in the long term, as long as it exists at any significant level. This is because they aren’t making any more of them, which makes Bitcoin an excellent store of value.
People have criticized Bitcoin because it has been volatile, but this should be expected with a brand-new technology and currency, according to Paul Rosenberg. Besides, the volatility in Bitcoin has mostly been to the upside – it was $400 a few years ago and now it is $3,500 – so what’s not to like about Bitcoin?
Courtesy: Paul Rosenberg
Mr. Rosenberg expects the spikes in Bitcoin to become less and less sharp as time goes on, but there will be big spikes and declines. But the fact is, we can’t expect perfection from something that is brand-new, according to Paul Rosenberg.
Moreover, the price of Bitcoin has been remarkably stable over the past six to eight months – more stable, in fact, than anything else in the entire financial system, according to Paul Rosenberg. Therefore, crypto is, in many ways, simply a superior currency, even if the central banks and particularly the ECB don’t particularly like it.
All in all, Paul Rosenberg views crypto as better money. It certainly is money that leaves room for adaptation and for new possibilities (unlike fiat money), and it’s based on a future-friendly technology whereas government money only reinforces the regimes of the past.
Mr. Rosenberg’s compelling discussion of Bitcoin and cryptocurrencies will surprise you with its spot-on analysis, so be sure to listen to the entire interview. And for even more of Paul Rosenberg’s fascinating perspectives on financial and political topics, feel free to visit FreeMansPerspective.com.
We know you want fresh and cutting-edge financial tips and strategies, so don’t miss out on Wealth Research Group’s top-rated reports, including our report on the must-own blockchain pioneer company stock right now, our urgent report on how state-issued currencies will topple the U.S. dollar, along with our Ultimate Report on Safe-Haven Assets so you can protect yourself in these uncertain times.
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