Cryptomustar
Monday, May 23, 2022
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
Cryptomustar
No Result
View All Result
Home Bitcoin

Owning Bitcoin “Is a Must” Says Price of Tomorrow Author, Jeff Booth

by admin
September 16, 2020
in Bitcoin
0
Owning Bitcoin “Is a Must” Says Price of Tomorrow Author, Jeff Booth
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter



Bitcoin is a first of its kind financial technology born out of the Great Recession. It is designed specifically to be opposed to everything central banks stand for.

It’s for those very reasons that The Price of Tomorrow author Jeff Booth believes that Bitcoin “is a must” to own to preserve one’s wealth and act as a “life boat” in the future.

What Is The Price of Tomorrow?

Jeff Booth is an entrepreneur that built his empire successfully during the dot-com bust and later amidst the Great Recession Bitcoin was also born from.

Booth is a firm believer in utilizing technology for positive change and in improving financial inefficiencies. He also recently released a book at the start of 2020 called The Price of Tomorrow: Why Deflation is the Key to an Abundant Future.

RELATED READING | WHAT TO EXPECT FROM BITCOIN FOLLOWING THIS WEEK’S FED MEETING

The book touches on several topics that have only become more relevant since the book was published. There’s a full chapter dedicated to “Printing Money” – a topic especially important considering today’s Federal Reserve meeting where chair Jerome Powell will address the rising inflation rate.

The rest of Booth’s book reference themes surrounding Bitcoin, such as deflation and technology. And although the book thematically aligns perfectly with the cryptocurrency, it is in a recent Twitter thread where the book’s author calls attention to Bitcoin.

6) In my humble opinion – Bitcoin is a “must” Not just for your wealth but as a lifeboat. Please do your own research. Follow @PrestonPysh @johnkvallis @RaoulGMI @APompliano @Breedlove22 @princey1976 @PeterMcCormack @MartyBent @LynAldenContact

— Jeff Booth (@JeffBooth) September 16, 2020

Why Bitcoin is a Must For Wealth Preservation

In a detailed Twitter thread, author and BuildDirect co-founder Jeff Booth discusses how “brutal” the coming “unwind” will be from whatever damage is done to the fabric of the economy, thanks to ongoing stimulus efforts and money printing from central banks.

Booth says there are only two paths: a path of defaulting into a depression where the central banking system collapse, or through hyper inflation.

Central banks won’t give up their control, so the burden will be the world’s to bear. But Booth says, in his “humble opinion,” is where Bitcoin comes in to save the day.

RELATED READING | CAN BITCOIN FIX WHAT TOP ECONOMISTS SAY CENTRAL BANKS CANNOT SOLVE?

The author claims that “Bitcoin is a must” for wealth and could act as a “lifeboat,” but doesn’t explain for what. However, the comments stack up alongside a recent report from Fidelity Digital Assets calling Bitcoin an “insurance policy against the unknown.”

Others are relying on the asset as a hedge against the coming inflation that Booth warns of.

Bitcoin was designed to be decentralized and exist outside of the government or banks’ control. But beyond that, it was built with deflation in mind, with only a supply of 21 million BTC to ever exist.

Although the price of tomorrow is currently unknown, the cost of protecting oneself from inflation is current priced at just under $11,000 for each BTC.

BTCUSD Monthly Price Per BTC Currently $10,900 | Source: TradingView
Featured image from DepositPhotos, Charts from TradingView





Source link

RELATED POSTS

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans

Cryptocurrency Is ‘Worthless,’ European Central Bank President Says

Tags: AuthorBitcoinBoothJeffOwningPriceTomorrow
ShareTweetShare

Related Posts

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans

by admin
May 22, 2022
0

United States Rep. Byron Donalds has initiated a bill to the U.S. House of Representatives seeking to incorporate Bitcoin...

Cryptocurrency Is ‘Worthless,’ European Central Bank President Says

Cryptocurrency Is ‘Worthless,’ European Central Bank President Says

by admin
May 22, 2022
0

Christine Lagarde, president of the European Central Bank, has warned that cryptocurrencies are worthless and should be regulated. The...

PizzaDAO to host world’s biggest pizza party on May 22 to commemorate first BTC purchase

PizzaDAO to host world’s biggest pizza party on May 22 to commemorate first BTC purchase

by admin
May 22, 2022
0

PizzaDAO is sponsoring more than 100 local pizzerias from 75 countries to give away free pizza to celebrate Bitcoin...

Bitcoin Pizza Day: Celebrating The $300-Million Pizza Order – And Other Fun Facts

Bitcoin Pizza Day: Celebrating The $300-Million Pizza Order – And Other Fun Facts

by admin
May 21, 2022
0

What a peculiar combination: bitcoin and pizza. Nonetheless, an entire day has been designated for each of these occasions....

Cyprus Drafts Regulatory Framework For Cryptocurrencies

Cyprus Drafts Regulatory Framework For Cryptocurrencies

by admin
May 21, 2022
0

A government official stated that Cyprus has drafted its own legislation to handle crypto assets and is likely to...

POPULAR NEWS

4 Cryptocurrency that Blow Bitcoin Out of the Water

4 Cryptocurrency that Blow Bitcoin Out of the Water

September 25, 2020
Memoriae – Next Generation of Decentralized Cloud Storage Based on Blockchain

Memoriae – Next Generation of Decentralized Cloud Storage Based on Blockchain

July 1, 2021
Apollo CBDC: The CBDC Platform that can Power Economies

Apollo CBDC: The CBDC Platform that can Power Economies

October 6, 2020
Stratus: The Most Feature Rich Social Media Network

Stratus: The Most Feature Rich Social Media Network

September 9, 2020
Binance Coin (BNB) erupts above $270 as the whole Smart Chain ecosystem soars

Binance Coin (BNB) erupts above $270 as the whole Smart Chain ecosystem soars

February 19, 2021

EDITOR'S PICK

SoFi to Go Public Through SPAC Merger at $8.6B Valuation

SoFi to Go Public Through SPAC Merger at $8.6B Valuation

January 7, 2021
Analysis: How Polkadot (DOT) could become Blockchain 3.0

Analysis: How Polkadot (DOT) could become Blockchain 3.0

December 3, 2021
Ezillion Targets Seamless Transition to Digital Assets, Offers Rewards to Holders

Ezillion Targets Seamless Transition to Digital Assets, Offers Rewards to Holders

March 19, 2022
ConsenSys’ Palm Blockchain to Host DC Comics NFT Drop

ConsenSys’ Palm Blockchain to Host DC Comics NFT Drop

September 29, 2021

About

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Follow us

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Press Release
  • Regulation
  • Uncategorized

Recent Posts

  • Fantom Maker Announces the Closing of Its $1.8m Private Rounds Led by Dao Maker and Halvings Capital
  • Cardano IDO LaunchPad “Coollaunch” Records a buzzing progress as it Sells Out 0ver 11% Of $COOL Tokens Within Days
  • BabyMusk Coin Launches, As It Aims To Be The Next Big MEME Coin
  • Coinrealcap Announces Its Pinksale, Aims To Bring Advanced Crypto Tracking Features
  • About Us
  • Privacy Policy
  • Contact Us

© 2020 cryptomustar.com

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO

© 2020 cryptomustar.com

  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • yfBetayfBeta(YFBETA)$4.27-0.10%
  • IDLEIDLE(IDLE)$1.44-12.39%
  • WPP TokenWPP Token(WPP)$0.006826-3.49%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Werewolf CoinWerewolf Coin(WWC)$0.098082-2.58%
  • PolkaBridgePolkaBridge(PBR)$0.439784-6.92%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • EvidenZEvidenZ(BCDT)$0.122949-3.85%