Cryptocurrencies are real power

The more savings that go into cryptocurrencies, the less power governments will have over the capital of regular people.
-Ray Dalio-

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Hello everyone, normally I do not follow billionaires who praise bitcoin or cryptocurrencies, because as we all know these people only seek their benefit and with honeyed words attract a lot of people, but when they feel like it they throw everything on the floor. Besides, I know very well that cryptocurrencies have no leaders, so I don't care what anyone says.

But the interesting words said recently in an interview by the co CIO of Bridgewater Associates, Ray Dalio, I found very interesting because it was something that I have been thinking about for a long time and even more when you see all this panorama of the fallen market.

Among the things that ray Dalio commented, the most outstanding was 3 points:

• It is better to have bitcoin (or cryptocurrencies) than treasury bonds since cryptocurrencies are a superior form of savings...

• The great success of cryptocurrencies may be the catalyst for a broad government crackdown.

• The more money that is invested in cryptocurrencies, the fewer power governments have over people's money.

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Bitcoin Vs. Treasury bonds:

Treasury bonds are types of debt securities issued by the U.S. Treasury, which is why they are preferred by investors when they want to avoid types of investments with higher levels of risk and with greater possibilities of loss. Because they promise a fixed return that is paid out in annual payments,*** a 3% bond will periodically pay out the equivalent of 3% of the initial investment.

**It sounds like a safe business, doesn't it, because if it is the government of the most powerful country in the world that owes you, then there is no disadvantage, no loss, and although it may seem like it is not, the truth is that you have a great disadvantage that your investments are highly monitored and if at any time the government decides to freeze, it simply does everything. Besides, you need to fulfill some requirements to be able to acquire them and that is paperwork and paperwork.

On the other hand with cryptocurrencies is something different, the only thing you need to start saving in cryptocurrencies is to make a good DYOR, have an initial investment, and a wallet. Without interventions, without exaggerated requirements, without complications and although the investment risk is higher, it is a small sacrifice to have decentralized investments.

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Bans due to political expediency:

Governments banning something for fear of losing power over people is nothing new. Remember Executive Order 6102? Where people were forbidden to own and trade gold in the US? And although this decree is now forgotten, the truth is that at the time President Franklin D. Roosevelt thought it would be the best way to stabilize the economy after a great depression.

And now what are we seeing? the most powerful country in the world is in a severe national emergency due to the economic downturn caused by the covid-19 pandemic, and just like in the 1920s where Americans ran to buy gold to save their savings, people today see that their money is in great danger of being worthless and run to cryptocurrencies. Again, this is not convenient for governments (including all countries) as traditional economies will continue to fall.

So, all this success that cryptocurrencies, defi, and everything related to the crypto sphere are having, may be the trigger for a new wave of prohibitions or regulations from the United States we are already seeing it with the recent review of the loopholes in the regulation of cryptocurrencies.

Cryptocurrencies beat fiat money:

A long time ago, cryptocurrencies stopped being just a way to pay without being watched, cryptocurrencies have become a very powerful weapon against the control of the elites or governments. Since a simple ordinary person can have millions and no one will ever know, and besides the anonymity is to have the ability to move or invest the money as you want without asking permission from anyone, also earn the amount of money you want because in the fiat economy show a dream of wealth and triumph, but it is only reserved for those who have money, instead of with cryptocurrencies you have more possibilities than with the fiat economy. For these reasons having cryptocurrencies gives you real power.

In conclusion: Although I will not blindly follow Ray Dalio for what he said, I do share his analogy about what is happening in today's economy and what is happening with cryptocurrencies, as we are seeing many changes driven by the masses, and even if there are problems or prohibitions, they will be momentary or within a few years they will not effect as the world moves more and more into a digital age. So if you are now on the side of cryptocurrencies, remember that you have a lot of power in your hands.

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