I’m a full-time blogger who is getting worried about hyperinflation and the future of the web publishing industry.
I believe buying Bitcoin is the only way to preserve our time and the fruits of our labor in an uncertain world.
What is Bitcoin?
Bitcoin is the world’s oldest cryptocurrency founded on January 3rd, 2008 by an anonymous person referred to as Satoshi.
Bitcoin is really just a simple savings account that uses sound money principles similar to Gold, which is why many Bitcoiners refer to it as “digital gold”.
5 Reasons Why Bloggers Should Own Some Bitcoin
Here are my thoughts on each of my reasons for bloggers to own Bitcoin.
Bitcoin is the best way to protect your life’s work and energy against inflation and currency debasement.
Countries like Argentina, Turkey, and Venezuela are experiencing massive inflation and the devaluation of their local currencies. When governments print too much of a currency, the overall value of each individual unit decreases.
That’s why prices continue rising year after year. Inflation is theft and steals your purchasing power over time.
However, Bitcoin is a safe haven against inflation because of its fixed supply.
The future of blogging looks uncertain thanks to the rise of smart article robots. I spoke with Ryan Cohen, author of NicheFacts, and he recommended using Jasper to increase my blogging output.
Jasper is an article writing assistant that autocompletes your thoughts and makes writing much faster. This is good for writing more content but what about the future of blogging in terms of competition?
Article robots decrease the need for freelance bloggers and increase the amount of content being published substantially. As more article robots become smarter, we will see companies fire thousands of writers to cut spending and boost margins.
Buying Bitcoin is a smart way to protect ourselves from this industry shift. Your blogging career may be over in the next 5 years so think about owning Bitcoin to safeguard your savings while you search for a new career path.
Companies around the world are laying off millions of people thanks to inflationary pressures and lower profit margins. Will bloggers get fired too? Of course!
If you get fired then you need to find another source of income to pay your bills. Most Americans struggle to come up with $1,000 in case of an emergency. That’s because fiat dollars are debt based units that were designed to spend.
It’s easier to save Bitcoin than currencies such as the US dollar or Euro. Bitcoin changed the way I saved money and it may do the same for you too.
In the future, I believe every business will accept Bitcoin. You will be able to buy stuff and pay your bills in Bitcoin. Bitcoin will be considered the most valuable asset on planet earth and every major retailer such as Amazon, Walmart, and Apple will accept it.
In fact, bloggers will accept Bitcoin payments for their products, services, and affiliate commissions. I’ve been earning Bitcoin through one of my online dating partners for over a year now. At first, I was stupid and accepted Paypal payments back in 2017.
If I only accepted Bitcoin as payment instead of Paypal, I would have a lot more money in the bank!
Blogging is a career just like any other profession. Most bloggers get burned out after 3 to 6 months, which is why 90% of blogs fail.
If your blog succeeds then you need to think about your retirement and long-term future. Do you want to blog for the next 10 to 20 years? If so then keep doing what you are doing.
However, you will get older, and perhaps your goals and aspirations will change. You may need to take care of aging parents or support your kids more.
Buying Bitcoin will help your retirement goals and give you the ability to retire comfortably.
Experts predict 1 Bitcoin could be worth as much as $500,000 by 2026. Some people predict Bitcoin will cross the $1,000,000 mark by the end of the decade.
Best Way for Bloggers to Buy Bitcoin
- Buy Bitcoin on Coinbase or Binance: You can purchase Bitcoin safely on a major cryptocurrency exchange and send it to your hardware wallet. Or you can store it in cold storage for safekeeping.
- Buy MicroStrategy (MSTR) or Grayscale Bitcoin Trust (GBTC): Another option is to purchase MSTR or GBTC shares in your online brokerage account. I use Fidelity to purchase Bitcoin-backed assets for my retirement once my blogging career ends.
That’s all I got. I’m a Bitcoiner and believe in holding BTC to preserve my wealth and retire with dignity.
What do you think?