Bitcoin halving: one step closer to digital gold and global economic prosperity

With only a few days until the Bitcoin halving, it’s nice to think about what’s in store for us. Each Bitcoin halving reminds us that Bitcoin operates a monetary policy that is the opposite of all the central banks in the world. Each time a halving comes, Bitcoin production is cut in half, demonstrating the deflationary nature of the Bitcoin technology and our ability to do more with less.

As Bitcoin approaches the status of digital gold, finally eliminating the ability of central banks and governments to offset our hard work under the guise of inflation, our economy will grow by leaps and bounds.

Continue to abandon useless development activities of stagnant enterprises and quickly turn to public and venture capital projects. Silicon Valley is the most shocking venture capital market in the world. Although they all started with computers, they quickly moved into communications, advertising, media, transportation, medical care, education and now finance.

Although advanced technologies are having a global impact, most of the technological achievements have not been popularized globally. One of the reasons is that most of us do not have access to venture capital markets and unicorn companies before IPO. Due to the influence of regulations, ordinary people are being disrupted and they are unable to get the opportunity to change themselves.

If the system were fair, taxi drivers should be able to invest in Uber, and landlords should be able to invest in Airbnb. Both companies should be freeing up resources to make the world more efficient.

Why didn't it happen?

The fact is that banks are having trouble with inflation. We are becoming more efficient and incredibly, banks are failing to do their job. Negative interest rates are now the norm and their tower of debt is tilting.

If Bitcoin becomes our monetary base, the efficiency gains through the application of information technology will give everyone in the world a slight bump in their savings as capital is freed up and humans become more efficient. We won't even need to enter the pre-IPO market to profit from global innovation. Advances in development from Silicon Valley and other technology hubs will spread around the world, lowering the price of goods and increasing your purchasing power, while improving everyone's quality of life.

The future will not require a government basic income, or all the red tape of a resource-based economy. Bitcoin is in the process of creating an inclusive closed-loop capital market where no one can fake or create wealth out of thin air. Coupled with a strong technology industry, the whole world will feel the progress.

Eventually we will eliminate economic inflation, embrace the feedback loop of shared economic prosperity, and capital will be freed up to take on the next challenge. Let robots do the heavy lifting, so we can use our imagination, creativity, and compassion to further develop humanity, rather than being enslaved by income, doing repetitive tasks, and sometimes being replaced.

That day isn’t coming anytime soon, but every Bitcoin halving is a step in the right direction.