Bitcoin Gives the World ‘Democratization of Savings’ — Misir Mahmudov
William Suberg's original article for cointelegraph.com reduced by 73%
Bitcoin has the ability to bring the world's population out of debt thanks to its ability to allow consumers to save without permission. Mahmudov is the brother of Murad Mahmudov, the well-known Bitcoin proponent. "Bitcoin is the democratization of savings," he summarized.
"Today, you can stack sats & store your wealth in the scarcest asset. The ability to save wealth in bitcoin will bring millions of people out of debt." Global debt is now so large that for every Bitcoin that will ever exist, there is currently $12.1 million of debt. In particular, Saifedean Ammous, author of the popular book "The Bitcoin Standard" and formerly a professor at the Lebanese American University, continues to point out that fiat represents the antithesis of saving mentality.
As Cointelegraph noted, analysts even predict that Bitcoin price models will become less useful in time due to fiat losing its value.
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CN [too long; didn’t read]
Summarised crypto news.