Jeff Booth, the author of the book “The Price of Tomorrow: Why Deflation is the Key to an Abundant Future,” holds the belief that Bitcoin (BTC) is the sole force that aligns with the natural state of the free market.
In a recent interview with Natalie Brunell, Booth argues that we should embrace a deflationary world where technological advancements enhance the purchasing power of a currency by reducing the value of goods and services.
Booth considers Bitcoin to be a game changer because it has the potential to establish a system that is based on abundance. He explains, “I have a different perspective on Bitcoin compared to most people… The natural state of the free market is deflation, and technology accelerates this deflation at an exponential rate. Deflation should not be feared because it signifies increased productivity, enabling us to live fulfilling lives and pursue our desires… Anything that hinders this process is not an economic or political system, but rather a control system that thrives on taking from you… Once you grasp this truth, you realize that everything else within the existing system is essentially stealing from you.”
Booth predicts that all fiat currencies will perpetually decline in value against Bitcoin, as it is the only currency designed to eradicate inflation. He asserts, “Bitcoin is the only solution I have come across that can safeguard you from this. It’s not just a coin; it’s a protocol that operates on energy. It’s an open, decentralized, and secure protocol that operates on energy. It doesn’t matter whether you choose to value it in terms of currency or manipulated pieces of paper. Bitcoin will continue to move forward. In comparison to Bitcoin, all other prices are decreasing and will continue to do so because Bitcoin is the only force in existence that operates within a free market. Everything tied to the existing system is not. It is a control system.”
As of now, Bitcoin is trading at $60,310, representing a 3.69% increase for the day.
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Disclaimer: The opinions expressed in this article are not intended as investment advice. Investors should conduct their own research before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that your transfers and trades are made at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor is it a financial advisor. Please note that The Daily Hodl engages in affiliate marketing.
