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Is it possible to achieve financial freedom with Bitcoin?

Published 02/05/2023, 05:40 AM
Updated 02/05/2023, 07:20 AM
© Reuters.

Over the last 14 years, investors have been attracted to Bitcoin (BTC) for many reasons — from being a potential solution to the economic woes of the existing fiat economic system to reaching the unbanked and diversifying portfolios. However, a large portion of the general public sees Bitcoin as a gateway to financial freedom amid growing fiat inflation and geopolitical uncertainties.

Traditional banking systems have, time and again, served as a tool for centralized governments to dictate financial access, especially during emergencies. Most recently, the Ukraine-Russian war served as a case study for how cryptocurrencies helped the displaced and the unbanked access funds for basic necessities.

Historical summary of Bitcoin annual returns. Source: UpMyInterest
Bitcoin price movement ever since Nayib Bukele announced plans to purchase 1 BTC every day. Source: TradingView

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