Over the past decade, if you have paid any attention to international news, you will notice a disturbing trend: this world is accelerating out of control.
From the financial crisis of 2008 to the global pandemic of 2020, and to the escalating inflation, geopolitical conflicts, central bank money printing, and debt crises we see now... seemingly random events are actually exposing the same core issue: the financial system we rely on is already riddled with cracks.
I began to seriously ponder a question: if all 'stability' is merely an illusion, what can I truly believe in? What can I rely on to protect myself and my family? When systemic risk truly erupts, are my fiat currency, bank deposits, and retirement savings really still 'safe'?
Bitcoin is the private insurance I bought for this uncertain era.
We have been taught from a young age to trust governments, central banks, and banks as 'authoritative institutions', but over the past decade, what they have done increasingly resembles anything but 'trustworthy': the Federal Reserve has printed money with almost no limits, the government has inflated asset bubbles with deficits, and banks have even dared to misappropriate depositors' funds for profit... Ordinary people are like lower-class passengers on a giant ship, unable to steer or escape.
The emergence of Bitcoin, in my eyes, is like an escape hatch outside the system. It is not supported by credit but by code and mathematics. It has no centralized issuer, is not controlled by any government, and does not rely on banking intermediaries. Most importantly, it is 'non-dilutable' with only 21 million coins, and will not devalue due to a politician's statement like fiat currency.
Of course, some may say: 'Bitcoin is too volatile to be considered insurance?' But we must realize that traditional insurance fundamentally relies on the trustworthiness of institutions to pay out, while Bitcoin is backed by mathematics, requiring no third-party guarantee. It is not a defense against personal risk, but against systemic collapse.
This is also why, when some countries are on the brink of collapse, Bitcoin becomes the only escape route—Venezuela, Argentina, Lebanon... When their currencies go to zero, banks freeze deposits, and capital controls intensify, having a string of 12 mnemonic words can be 'safer' than a bank account.
So, I'm not betting on Bitcoin rising, but rather on the world eventually spiraling out of control. And when that day comes, I hope there is at least one asset that doesn't belong to anyone, yet truly belongs to me.
In this collapsing era, Bitcoin is not my dream; it is my insurance.
