The comparison between Bitcoin and gold is often made, as Bitcoin is considered digital gold due to its function as a store of value, similar to gold. While gold has a 5,000-year history in this role, Bitcoin offers the advantage of being easier to transport.
Bitcoin, like gold, can be mined anywhere in the world, provided there is access to the internet and electricity.
Unlike gold, the total supply of Bitcoins is known, whereas the total amount of gold can only be estimated.
In the past, there were two periods during which a gold-backed currency existed, making it impossible for policymakers to spend more money than they earned. These periods were before the First World War (1870 to 1914) and after the Second World War until 1971. Both periods saw progress and relative prosperity.
In contrast, modern money is not finite and can be printed at will, a practice that has been extensively implemented in the past decades due to financial crises, pandemics, and other factors. This has led many to believe that the system is reaching its limits as crises continue to occur.
Many Bitcoin enthusiasts see the strict limitation of the Bitcoin supply as a potential solution to many problems. They believe that this would discipline policies, similar to the gold standard era, and promote economic rationality. However, social aspects might take a back seat due to limited resources.
It’s important to note that Bitcoin alone is unlikely to solve all problems in a short period. However, a gradual spread of Bitcoin with new applications could lead to societal decisions taking more account of economic feasibility. A slow process could help maintain the social component.
With increasing uncertainty in political choices, more people are seeking rationality and reliability. For an increasing number of individuals, Bitcoin, with its unchangeable rules, is seen as an instrument to bring the disrupted system back to reason.
Considering these factors, it is suggested that swarmi.org should also invest a portion of its corporate assets in Bitcoin. Bitcoin can be viewed as a vehicle for societal change, and a gradual and slow change is desirable to allow everyone to prepare calmly.
Investment in Bitcoin should be just as gradual and slow as the change.