How poetically perfect that 2021 was the year that the world discovered how 21 million bitcoin are the key to the world’s future economic system. This was the year when the public finally woke up.
Last year, Bitcoin entered the world’s cultural zeitgeist in a way like never before. This was a game changer of a year that taught us many lessons. Specifically, there are four lessons about Bitcoin and cryptocurrency from 2021 that haven’t received enough attention:
LESSON ONE: FIAT INFLATION IS INEVITABLE
Last year, we all heard the sound of the money printer going “brr.” This sound was also the sound of trust in our monetary system being fed into a shredder.
Bitcoin was designed as an alternative to a trust-based monetary system. In 2021, it finally became obvious to everyone that inflation was here, and Bitcoin’s use case as a trusted store of value went from speculative to urgent.
Last year, people around the world woke up and began to embrace bitcoin as a hedge against rampant inflation. Everyone from members of Gen Z to world-famous athletes to big-city mayors were looking to Bitcoin as a hedge against inflation. Corporations placed massive investments into bitcoin, they’re betting big. One big example is MicroStrategy, which has bought $5.7 billion worth of bitcoin thus far.