I believe that when the next global financial crisis happens, it's not going to be just a crash. The next crisis could be the greatest economic depression in modern time. But on the other side of every crisis is opportunity. Here's a thirty second background. The national debt of the US hovers around twenty one point seven trillion US dollars. There's absolutely no way to pay back all that money. So in order to deal with this immense shortage of cash, the
US will need to do two things. First, they will have to borrow an additional one trillion dollars per year. Second, they will have to create large amounts of new currency. The big banks like to use a fancy word for creating massive amounts of new currency, and that is quantitative easing or QE.
The problem is that all this new currency comes from nothing. It's created out of thin error poof that's more debt, and borrowing currency from other countries obviously also creates more debt, and ever increasing debt is unsustainable and inevitably leads to a crash. Why Because all this excess currency has created a death bubble, and debt bubbles pop and when this death bubble pops, there's going to be a financial crisis like nothing we've ever seen before. Why because the US
dollar is the largest bubble we have ever seen in human history. The bigger the bubble, the harder the fall. The coming economic collapse could therefore be an economic apocalypse. But here's the thing. The crash can be withheld and pushed into the future by borrowing and creating even more currency, which is what the banks are doing. They refuse to suffer the hangover and instead keep drinking. This is not sustainable long term. But here's the good news. Bitcoin
that doesn't care about the world economy. Bitcoin is the best expression of money the world has ever seen, and Bitcoin will succeed regardless of what any bank
or government does. But the coming crash will act as a catalyst for bitcoin's adoption because the crash will cost widespread disbelief in the current monetary system, and I believe that there will be a stampede to accumulate as much Bitcoin as possible when people realize that fiat is worthless and that wealth cannot be stored in fiat because Fiat keeps losing value through the ever increasing creation of more fiat, So
they will turn to bitcoin to preserve their wealth. Why bitcoin Because bitcoin is the hardest money the world has ever seen, and people always return to hard money in times of economic crisis. What is hard money? Hard money is a money where it's difficult to create more of that money. Fiat is easy money. It's limp money. By the push of a button, you can create billions of dollars, and the banks and the governments do this. Gold
is much harder money than fiat. It's expensive and labor intensive to get gold out of the round. But if gold purchasing power increase, it would make economic sense to dig up more of it, and so more gold would be added to the supply, and there could be massive amounts of gold in the oceans that could further dilute the supply once we have the technology to dig it
up. Bitcoin is much harder money than gold. Here's why. There will never be more than twenty one million bitcoins, and they cannot be created at any faster pace than they are the total supply, and the issuance rate is predictable and predetermined. Every four years, the issuance rate of bitcoin is cut in half, so in the beginning, fifty bitcoins were created every ten minutes.
Four years later, twenty five bitcoins every ten minutes. Now we get twelve point five bitcoins every ten minutes, and so on until we have twenty one million bitcoins, which will be in the year twenty one forty. There is nothing anyone can ever do to either increase the supply or increase the issuance rate. This makes bitcoin the hardest money that has ever existed. I don't
think any invention has ever had better timing than Bitcoin. We are at the brink of an economic apocalypse and bitcoin will benefit immensely from this when we have an invention of this magnitude, in part with events like the invention of the printing press, the moon landing, and the invention of the Internet. Timing determines impact. If the iPhone had been invented in the sixteen hundreds, it simply couldn't have succeeded, and Bitcoin could not have had any better timing.
And I say this with confidence for three reasons. First, we've been on the brink of an economic collapse for years, and when the collapse happens, it's going to be a catalyst for bitcoin adoption. Second, a change in the monetary system is well overdue. Fiat have a hundred percent failure rate. Throughout history, all the fiat money that have ever existed have all gone to zero. The dollar, the Euro, the Swedish Chrona are no exceptions.
These fee at currencies too are going to zero. And third, Bitcoin is the best expression of money the world has ever seen and the hardest type of money ever created. The future is incredibly exciting. More wealth will be created in bitcoin over the next ten years than over the prior ten years. But remember, like any success story, it's not going to be a straight line up. Keep studying, keep believing, and just be patient.