History Shows Bitcoin Sound Money Helps Society

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It is well established at this point that bitcoin is the best form of sound money the world has ever seen. To recap, bitcoin excels in each of the qualities of money: durability, portability, divisibility, uniformity, scarcity and acceptability. Most importantly, bitcoin is the scarcest money ever, with a fixed supply of 21 million bitcoin that will ever exist. Regardless of demand, the supply is programmatically defined and will never be changed.

This article focuses on why having a sound money system is important. How do economies, societies and individuals benefit from operating on a sound money system? Throughout history gold has been the most successful form of sound money. It is my belief bitcoin will be the sound money of the future.

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