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US Government Debt -2024/2025

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$882 billion (2024 interest paid by the US government) is only 2.43% of our $36.3 trillion debt. All debt being currently refinanced is at 4.33% (the current federal funds rate). If the debt is continued to be refinanced at 4% and we end up paying an average of 4% on the debt, the total interest we will be paying could be as high as $1.4 trillion! 

That represents $9,440.83 in interest paid by each of the 153.8 million tax payers, each year!

For this reason, the government has to lower interest rates. The government can’t afford to spend $1.4T on interest each year. 

The total US debt is $36.3 trillion. https://www.usdebtclock.org/#

As of January 17, 2025, the population of the United States was 346,437,156

$36,300,000,000,000.00 debt

346,437,156 people

$104,780.91 debt per person

153,800,000 tax payers

$236,020.81 debt per tax payer

Total Outlays: Up by 10 Percent in Fiscal Year 2024

Outlays in fiscal year 2024 were $6.8 trillion—$617 billion (or 10 percent) more than in 2023. In total, outlays were equal to 23.4 percent of GDP in 2024, down from the recent high of 30.7 percent in 2020, but still above the 50-year average of 21.1 percent.

Total Receipts: Up by 11 Percent in Fiscal Year 2024

Receipts totaled $4.9 trillion during fiscal year 2024, CBO estimates—$479 billion more than during fiscal year 2023. Receipts increased from 16.2 percent of GDP in 2023 to 17.1 percent in 2024, just below the average of 17.3 percent for the past 50 years.

Total outlays (spend) $6.8T – total receipts (taxes) $4.9T = $1.9T deficit. 

 $1,900,000,000,000.00 2024 budget deficit

153,800,000 tax payers

$12,353.71 deficit per taxpayer

Interest Costs on the National Debt

In dollar terms, interest costs reached an all-time high of $476 billion in 2022 and have risen rapidly since then to $882 billion in 2024.

$882 billion is only 2.43% of $36.3 trillion. All debt being currently refinanced is at 4.33% (the current federal funds rate). If the debt is continued to be refinanced at 4% and we end up paying an average of 4% on the debt, the total interest we will be paying could be as high as $1.4 trillion! 

That represents $9,440.83 paid by each of the 153.8 million tax payers.

For this reason, the government has to lower interest rates. The government can’t afford to spend $1.4T on interest each year. 

We can look at Japan as a canary in the coal mine. While the USA’s debt to GDP is about 120%, Japan’s debt to GDP is over 270%. Japan’s interest rate is 0.25%. That is because their debt is so high that they couldn’t afford to pay 5% interest on their debt. This is the future the USA is headed to. 

Below is showing the purchasing power of the Yen to the Dollar. 

If you wanted to buy something in the USA in 2020 and it cost $1 it’d cost 110 yen. 

If you wanted to buy something that cost $1 in the USA in 2025 it would cost $156 yet. 

You need 48% more Yen to buy the same $1 in the USA. 

And that $1 has also lost value over 5 years. The USD also loses about 3% of value a year which over 5 years is 15%. So you’d also need $1.15 to buy today what you could buy in 2020 for $1. 

So things in the USA are getting more expensive for people in Japan. 

I would think that this would result in Japanese people traveling less outside of Japan as the world is getting more expensive for them.

Storing your value in Japanese Yen is a bad idea. 

The USD has had a similar trend against gold. You see the same 5 year performance of gold, in USD below. 

Gold went from $1,500 to $2,700. You’d need 1.8x as many dollars to buy the same 1 oz of gold 5 years later!

Bitcoin has done even more! It is up 10x vs dollars in the last 5 years. Why is this? 

Bitcoin has some base value, that we are unsure of, but on top of that there is the speculative value it has. People are betting on it’s future value. 

How to keep your house – Gary Economics

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“ the US government or every government in the world is the largest spender of things and they are pushing the price of things up. For example, all the money that the US spends on buying tanks and airplanes and other things consumes some steel and electronics and such and that pushes the price up when Ford or John Deere or Apple wants to buy steel or electronics for their cars or tractors or phones.”

I like Gary Economics. He has a book and a youtube channel. But his message is just so diluted and garbled and he is blinded by his knowledge that he misses some things. 

To start off with, I don’t hate rich people. But this is probably one of the best descriptions of the actual problem with wealth inequality.

How To Keep Your House – Gary Economics – Youtube

And to note, if you have even $50,000 worth of assets, you are probably in the top 10% of the world. So, well this guy is describing the difference between multi-millionaires and billionaires and the middle class he could just as easily be describing the middle class in the USA out paying for services of people in India. For example, many Indian doctors come to the United States and leaves less doctors in India.

Anyway, his whole message is a little garbled all the time. I’ve read his book and listened to enough stuff that I get it but I feel like he’s not that great of a communicator. In general, his argument is we need to tax the rich because they have too much money and push the price of goods up.

 If you heard the bit where he was talking about the rich buying doctors services to do cosmetic surgeries instead of normal surgeries that does a similar thing to Medical care costs as we talked about house is getting the monetary premium. So his argument is we need to have the rich have less buying power so they can’t push the price of goods up for the average person

You sent

And he is right to some point. But a thing he misses is that the US government or every government in the world is the largest spender of things and they are pushing the price of things up. For example, all the money that the US spends on buying tanks and airplanes and other things consumes some steel and electronics and such and that pushes the price up when Ford or John Deere or Apple wants to buy steel or electronics for their cars or tractors or phones.


The whole world is at competition for goods and services. This is explained in a great book, Economics in One Lesson – Henry Hazlitt which you can read here for free or buy here. 

What Problem Does Bitcoin Solve? part 3 Buckminster Fuller, F.A Hayek & Henry Ford’s comments

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I’ve written a few things about why bitcoin is the solution to many problems. 

Here for What problem does Bitcoin solve part 1 and here for what problem does bitcoin solve part 2 and here for “Why Bitcoin?“

I wanted to share a few quotes from history to highlight that the control and debasement of money by governments has been an issue for a long time. The faster everyone understands this the faster we can all get on the bitcoin standard for value preservation. 

I explain here why we should support the bitcoin experiment. It solves the problem. If it ends up failing for some reason in the future, we need to recreate Bitcoin and address whatever issue made it fail because we need a currency that can’t be debased by governments. 

The Idea of Bitcoin Needs to Succeed, Even if Bitcoin Fails

“It is utterly clear to me that the highest priority need of world society at the present moment is a realistic economic accounting system which will rectify, for instance, such nonsense as the fact that a top toolmaker in India, the highest paid of all craftsman, gets only as much per month for his work in India as he could earn per day for the same work if he were employed in Detroit, Michigan.  – Page 112 Operating Manual For Spaceship Earth, Buckminster Fuller

F.A. Hayek in 1984: “I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.”

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

― Henry Ford

Ford, who founded Ford Motor Company in 1903, told the publication:

“Under the energy currency system the standard would be a certain amount of energy exerted for one hour that would be equal to one dollar. It’s simply a case of thinking and calculating in terms different from those laid down to us by the international banking group to which we have grown so accustomed that we think there is no other desirable standard.”

Canada and Mexico Tariffs Feb 2025

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Donald Trump imposed a 25% tariff on goods imported to the USA from Canada and Mexico. I am hoping to do a small experiment tracking a few goods from each country to see how their prices change as well as a few similar goods in the USA as a baseline to compare to track inflation.

I know that John Deere 6E tractors are imported from Mexico, 1 oz Gold Mexican libertads  are also imported from Mexico and 1 oz gold Canadian Maple leaves are imported from Canada. I am interested how the price of these goods changes over the next years. 

I am also going to track a few things that are made in the USA.

One will be a John Deere 8R that is manufactured in the USA and also 1 oz Gold buffalos and 1 oz Gold eagles. 

Base prices on 2-2-2025

1 oz gold maple

Spot price – $2,803.50 Monument metals price, $2,808.03 SD Bullion price

SD bullion – $2,898.02

Monument Metals – $2,852.68 (Sale price)

1 oz Mexican Libertad 

2024 SD bullion – $3,058.03

1 oz American Gold Eagle – random year

SD bullion – $2,878.02

Monument Metals – $2,921.52 (Sale price)

Below is the same data as above but put in a table for quicker reference.

Below are the John Deere tractors that I will be tracking

John Deere 6105E – $89,977.00 (made in Mexico)

John Deere 8R wheel 230 hp – $414,435 (mace in USA)

My hypothesis is that the John Deere 6E made in Mexico might be priced at $125k in 1 year or 2 assuming 25% tariffs. 

I expect the John Deere 8R to also increase in price, but perhaps only about $3%-5% over the year due to inflation. 

If you have any other products you know are made in USA or Canada that might be interesting to track please let me know.

Bitcoin is $100k, Should I Buy It Now Or Is It Too Expensive?

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Bitcoin recently breached the $100k price per bitcoin on December 4th 2024. It has retreated slightly but has continued to hover between $90k -$108k/bitcoin. 

Historically bitcoin has had a performance of 3 positive years followed by 1 negative year. While you can’t expect history to repeat itself, it might!

Looking at the below chart you can see we are on track to repeat that performance so far. While not shown 2024 was also a great positive return year for bitcoin so we have 2 years of positive returns. 2025 would be the 3rd year. 

Due to that expectation I fully expect bitcoin to have a good performance in 2025. It is also possible that it has a negative year in 2026 if it continues to follow the historic trend. 

 Of course it is also possible it has a negative year in 2025! We could break the trend. 

We could also break the trend and see that we have a positive year in 2025 and 2026! The future is unknown and unknowable!

https://twitter.com/CryptoKidcom/status/1746139639809720395/photo/1

When people ask me if they should buy bitcoin now I say that they obviously don’t understand bitcoin. If you don’t understand it then I would say “No” you probably shouldn’t buy it. What I tell people is to continue to learn more about why other people buy it. 

Learn about “What problem bitcoin solves.” I have written 2 articles about that here. 

What Problem Does Bitcoin Solve?

We, every person in the world, is in a fight with their own government to keep as much of the value they create as they can.  The government explicitly taxes you, which we can debate but at least it is obvious.  But the government also stealthy steals value from your bank account or savings via inflation and money printing that you have no control over.

What is Money? (What Problem Does Bitcoin Solve -2)

Bitcoin is not an investment. Bitcoin is a store of value. The value you create. Bitcoin is an agreement between people who create value in the world that they will trade their value for other value. The value you create and store in Bitcoin cannot be debased or inflated away by any government by money printing.
I’ve also created a list of great resources to learn more about bitcoin here. 

Books & Videos to Learn About Bitcoin

What I generally recommend people to do is to buy just a little bitcoin so that they will start creating a little interest with themselves. This is how I did it. I bought just $100 and then that made me interested to learn more about what I had bought and why.
You should not plan to sell the bitcoin you buy. This is true for most investments, in my opinion. You should only be investing money you are ready to have invested for 5+ years. 

You shouldn’t try to time the market. You aren’t smart enough for that and neither am I. 

Just buy things that you understand and continue to do research. 

Why Bitcoin?

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I hope with my bitcoin advocacy to help people think more long term.

Why do I spend so much time thinking about bitcoin?

Why do I spend so much time trying to get others to understand bitcoin?

I have thought about a lot of other things in my lifetime. I am a mechanical engineer. I like making thing work. I am a philanthropist. I am a humanitarian. I care about making others’ lives better. I have worked at businesses and nonprofits that have helped make the world a better place. I have thought about how to create businesses and nonprofits that make the world a better place. 

Through it all, I keep looking for ways to make the world better. 

Bitcoin is the best way I have found to make an impact on EVERYTHING! It has become clear to me through all my reading and interacting with people and companies and nonprofits and thinking about issues that at the very base, fiat money is inherently causing a lot of problems in the world. 

Fiat money is unfair. 

The government causes as many or more issues than it solves by creating inflation through money printing. This is both in the USA and all other countries. 

I talked with a friend who was supporting a business in Sri Lanka. The business would dye clothes with natural processes. The point was to help people get a job that otherwise wouldn’t have access to a job. But the Sri Lankan economic crisis happened and the business failed. It made me think about the base infrastructure of all our economies. If the currency fails many businesses fail. A stable currency leads to long term planning and thinking. The fact that all countries have money that is steadily losing value leads to short term thinking. The rush for analysis of quarterly returns for public companies adds to this short term thinking, but steady inflation, caused by government money printing is a major contributor to the short term thinking. I wondered, what is the point of developing businesses if they will fail due to factors outside your control?

That is why I am so passionate about bitcoin. It fixes these short term problems. This is a problem is many countries around the world. 

People in many countries can’t save in their local currency because they lose value so fast. In the USA we recently had 1 year of 8% inflation and everyone went crazy! 

I fully expect that increased inflation to come back to the USA sometime in the next 10 years, unless we cut the yearly deficit. 

Even if it doesn’t come back for a few years, the way the current system is, fiat money, there is always steady inflation (3%-4%) which still incentivises short term thinking.

I hope with my bitcoin advocacy to help people think more long term. 

Books & Videos to Learn About Bitcoin

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Below is a list of videos, a PDF and some books I have put together to recommend for anyone who wants to learn about bitcoin. The list is most sorted from top to bottom by shortest or easiest to read to longer and more in depth towards the bottom.

Blackrock – IBIT ETF Bitcoin Page – Has a link to a 3 minute video.

Bitcoin First Revisited – PDF from Fidelity

What’s The Problem? – Demystifying why we all need Bitcoin – Joe Bryan

The world feels like it’s heading in the wrong direction—rising costs, declining standards, and growing instability. The root cause? The corruption of our money.

The Bitcoin Paradigm Shift: A Beginner’s Journey to Understanding BTC (2025) – shortest video I can find yet that explains it well!

The bullish case for Bitcoin – Vijay Boyapati ~ 2 hour book read – link below to buy

https://bitcoin-resources.com/books/the-bullish-case-for-bitcoin

Below is a link to the blog post that inspired the book “The bullish case for bitcoin” if you want to read this for free instead.

https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1

The Bitcoin Standard – Saifedean Ammous  

The Saylor Series- with Robert Breedlove -You only need to listen to about the first 1 hour of each interview where Michael Saylor is talking. The 2nd half is Robert Breedlove summarizing what Michael said. Not necessary to listen to.

The Saylor Series What is Money – Book – summary of the above podcast. This is shorter than the podcast.

EXCLUSIVE: TESLA’S $1 Billion Bitcoin Bet Pays Off | Cern Basher – A great summary of why Tesla (or any company) should buy more Bitcoin.

Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better- Lyn Alden

Extra – Can bitcoin mining empower energy transition and fuel sustainable development goals in the US?

Tesla – Next Opportunities 2025 and 2026

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I am a big believer in the future of Tesla as a business and the positive impacts they will have on the world.I wanted to put together a quick reference for the catalysts I see coming in the next 2 years that I can quickly share with people. 

These are ordered from first to happen to furthest away. 

Tesla Model Y Juniper Update

New Cheaper Tesla car/vehicles for sale – H1 2025

China megapack factory 

Semi production next year

FSD release in China imminent

Robotaxi service – start in Texas and California next year

Optimus bot

Tesla Model Y Juniper Update – This is a styling and hardware update for the best selling car in the world in 2023, the Tesla Model Y SUV. It wasn’t quite the best selling in 2024, likely due to people waiting for the 2025 update. This update should lead to best selling status of this car again and help total production of 2.3 million vehicles in 2024. 

New Cheaper Tesla car/vehicles for sale – H1 2025 – Elon has mentioned veiled comments related to cheaper vehicles in H1 2025. These will be able to be built on the same lines as Model 3 and Y. This should help total production of 2.3 million vehicles in 2024. 

Tesla model Q?

China megapack factory – The Megapack is a “grid scale” battery storage solution for energy. These are sold often in sits of 200-500 at at time. They cost around $1 million per megapack. The current factory is in the USA, for the USA and rest of world. The China Megapack factory should be in production in H1 2025 and fully ramped by end 2025. These are extremely profitable products. 

Megapack factory 60% complete – sept 2024

Semi production next year – Tesla has been testing the Tesla Semi for a while with Pepsi and other companies. The Tesla semi will be much cheaper to operate and more reliable (fewer parts) than a diesel semi. I fully expect electric semi’s to almost completely replace all semi’s in 10 years. The average semi is 7 years old. That means every 7 years most of the semi fleet is fully replaced. Of course there are some older vehicles that remain. Since electric semi’s will be cheaper to operate and trucking is a business large businesses will drive adoption of this more efficient technology, or they will go out of of business and be replaced by companies that do.
Tesla semi has driven 250,000 miles 

Tesla Semi partner PepsiCo says electric truck helps with driver retention

Tesla semi factory videos 

FSD release in China imminent – Up until now, FSD (Full Self Driving) A $8,000 option, or $100/month subscription, has only been available in the USA. Tesla is likely to get approval to start using and selling in EU and China in 2025. This will open up for millions of drivers to pay for that software. 

Robotaxi – start in Texas and California 2025 – Tesla has had good progress on its FSD (Full Self Driving) software in the last year. They are planning to start offering a Robotaxi service, using Tesla 3’s and Y’s in California and Texas in 2025. 

Tesla Eyes 2025 Robotaxi Launch in California and Texas

Tesla robotaxis are coming in 2025 with an unexpected addition

Optimus bot – Tesla has been working on the Optimus, humanoid Robot, for a few years now. The latest versions are very compelling, being able to walk down a steep slippery slope and catch a thrown ball. These will be offered to do simple work in factories. They don’t need to do 100% of the work people can do. There is a curve of simple tasks they can start on and slowly develop skills and do more and more. Even if they cost $50k a year, they will be cheaper than a fully burdened factory worker who after factoring in health care, sick time, etc costs a company more than $50k a year, even if they are only paid $30k /year. Tesla could likely lease these for “only” $25k/year and even replace half a person. 

Tesla’s Optimus can now walk autonomously on rough terrain

Tesla Optimus Robot Catching a Ball

Letter to Iowa State Senator Kevin Alons about Bitcoin

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I sent the below letter to Iowa State Senator, Kevin Alons, related to Bitcoin. I encourage you to copy and send, or modify and send, to him at kevin.alons@legis.iowa.gov

Senator Alons

I read through your bill IA SF2273 related to gold and silver coinage. I appreciate the sentiment and wish you luck with your bill in the future if you continue to pursue it. 


I wanted to appeal to your hard money side with some data about the emerging hardest money ever created, Bitcoin.


As you know, Gold backed currency has failed in many different countries in history for the same reason. The government always centralizes the gold and prints more paper than can back the bills. Even in Ancient Rome when the money was silver, there was coin clipping and physical debasement where existing coins were recalled and melted down to a lower percentage of gold. 

Another issue with Gold is that we don’t actually know how much there is. More gold is mined everyday and more is mined as the price goes up. 

Bitcoin addresses all the shortcomings of Gold that have caused it to fail in the past. 


Bitcoin has a perfectly limited amount, 21 million.

Bitcoin is quickly and easily transmitted across the world. You need a lot of military hardware to transport any significant amount of gold.
Bitcoin is also easily transacted in very small amounts. The smallest unit of 1 bitcoin is 1 satoshi. There are 100,000,000 satoshis in 1 bitcoin. 

0.00000001 Bitcoin = 1 Satoshi. 

Bitcoin currently has a market capitalization of about $1 trillion.

Once 1 BTC = $1 million, it will have a market capitalization of $21 trillion and 1 satoshi will = 

$0.01

Using the lightning network consumers are easily able to make very small transactions such as at a grocery store or a restaurant. 

If you read this post on my website, https://mywheellife.com/2024/06/23/2024-bitcoin-adoption/, you will see that there are a lot of large institutions like the Wisconsin state pension adding bitcoin to their portfolio.
It is also legal tender in El Salvador and they are buying 1 bitcoin a day also to ad to their treasury.

As you have probably seen there are now ETF’s available that have bought 1 million bitcoin this year in the USA only. 


The available supply of 21 million bitcoin is draining quickly. 

I would encourage you to investigate more about bitcoin.

Perhaps you have heard that President Trump has recently endorsed Bitcoin. He is speaking at the Bitcoin Conference in Tennessee this Sunday, 7-28-2024. You should be able to find it on Youtube later.


I would also point you to this video that just came out “Thank God For Bitcoin”

It is one of the best videos I’ve seen to explain the benefits of Bitcoin.

I’d encourage you to introduce a bill, similar to Arizona, to direct the IPERS pension fund to investigate adding bitcoin to the IPERS portfolio. That would be a first step.

A 2nd step would be to have a state reserve of Bitcoin.


Thank you for your time.

The Idea of Bitcoin Needs to Succeed, Even if Bitcoin Fails

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The Truth heard one time sounds stranger than a lie heard a thousand times. 

The truth is, inflation is caused by the government printing money. There are only so many goods that are possible to be produced by the limited amount of resources in the economy. An infinite amount of dollars cannot create more goods. More money only causes the price of the existing goods to increase as there is more money chasing the same amount of goods. 

This is best described in a short book “Economics in One Lesson -Henry Hazlitt”.

This is what happens every time the government increases the money supply. This happens everyday. 

We have been in this system since everyone alive was born so it seems like it should be the natural system, but it is not. 

Ask a fish to describe air and they’d be confused because they are surrounded by water. We are surrounded by fiat currency so we don’t recognize a good sound money when we are exposed to it. 

We don’t need money distributed by the government. Money is an IOU. Money is a medium of exchange that people accept to pay for goods and services, and to repay loans. It’s a commodity that’s widely accepted, holds its value over time, and can be easily translated into prices. Money is the main measure of wealth, and it circulates between people and countries to facilitate trade.

Many things have been money over history, shells, gold, silver, copper, stones. Many of these have not been issued by governments. Fiat currency, money by decree, is a recent development. It inherently has no value. It only has value due to a fluke of history. Until 1971 USD was technically backed by gold. You were supposed to be able to trade in dollars for Gold. But that link was broken in 1933 by Executive order 6102 for individuals in the USA and in 1971 for any countries that wanted to exchange their USD for gold. Both were only supposed to be for a short time and both ended up being permanent, so far.  

Another truth is the Government takes value that you have accrued by printing new money. This would be much easier to recognize if the world consisted of 3 people and you each had $100 for a total of $300, but then 1 of the 3 people had the ability to create new money. If the 2 people wanted to buy something and they had $100 total each to bid on that thing but the 3rd person was able to create $500 out of thin air and bid against them the 2 people wouldn’t let that happen. They would recognize that the $500 wasn’t really as valuable as the original $100 that each person had because the individual had just written $500 on a piece of paper and said it had value. This is counterfeiting! Creating new money is illegal for individuals, but the government does it everyday. Why is that ok? This is the same for many governments in history. Governments always default to stealing value from the governed by printing new money. 

Why do we put up with this? We all have 1,000 different priorities in our lives. We have to take care of our kids, we have to take care of our parents, we have to take care of ourselves! We want to take a trip. We want to build a house. We want to take a vacation. We want to buy a car. We want to go out to eat or we have some other project we want to dedicate time to. In the USA inflation has been relatively low for many years so while we lose about 3% of the value we create each year, we just deal with it. 

But many places have experienced high inflation both recently and over time. Argentina has recently had 100% inflation for multiple years in a row. There is nothing inherently different from the operation of the Argentina economy and central bank from the USA central bank. Turkey, Germany, Zimbabwe, Sudan, they have all experienced hyperinflation at various times.

Physical money is just a replacement for an IOU. An IOU works between 2 individuals. But when you start accounting for goods and services delivered across continents between Billions of people an IOU doesn’t work. That is why IOU’s have been abstracted to Dollars or other currencies. 

But IOU’s between individuals don’t lose value. If someone does 1 hour of work for you you owe them 1 hour of work back. But if someone does 1 hour of work for you and you pay them $15 and then in a year they want you to do 1 hour of work for them, you will likely charge them $16 due to inflation. Why is this? It is because the accounting system, US Dollars, is broken! They dollars don’t hold value across time. 

This is because the government prints more dollars everyday. Every time the government prints a new dollar, every existing dollar loses value. 

The only way to fix this is an accounting system that has a fixed amount of units. That is what Bitcoin provides. There are only 21 million Bitcoin available. Each bitcoin can be broken down to 100 million satoshis. 

The only reason the price bitcoin is changing today is due to supply and demand for Bitcoin. But you need to look past the present day and envision the future. The future is where bitcoin has been fully adopted by everyone in the world who wants a sound money. In this future the value of all the bitcoin in existence will measure all the goods in the world. As the amount of goods grows with world productivity by about 3% a year the value of bitcoin will continue to grow at the same rate. There won’t be huge swings because there won’t be people speculating on the future price of Bitcoin. It’s price is just a measurement of the good in the world. And since there are 21 million bitcoin, a fixed amount, there is no devaluation of the Bitcoin because more new Bitcoin are not made. 

This is the fundamental idea and reason for Bitcoin. It is not a stock or a company. It is a ledger that measures value of things. It can’t be debased like existing USD ledgers. 

If you understand this problem, the government stealing value from you via money printing, the solution of Bitcoin appears obvious. 

The only question is, does Bitcoin actually solve this problem by being a fixed amount and will the system continue to function as it does today? If it continues to function as it does today, it should continue to gain value. If something comes along and changes how they Bitcoin system works then it’s possible that it could not function as described.
Currently, that would be an “unknown unknown”. There is no obvious thing that would cause Bitcoin to fail. But I always leave a possibility for something to happen that I don’t anticipate in any situation.


Because Bitcoin seems to fix the problems with USD and other fiat currencies (Euros, Yen, Yuan, etc) I believe we should support it’s continued development. That is why I try to educate individuals on the problem that Bitcoin fixes, like with this article. 


If you have any questions I’d be more than happy to discuss Bitcoin with you. Please comment or get in touch!