Meanwhile CEO: Bitcoin’s future as currency

Author: Meanwhile CEO Zac Townsend, CoinDesk; Compiled by: Whitewater, Golden Finance

Bitcoin is a global , a decentralized currency that is not controlled or guaranteed by any country. The Bitcoin ecosystem has been experiencing feverish optimism in recent months due to the approval of a Bitcoin spot market exchange-traded fund. These ETFs are helping propel Bitcoin into the mainstream, built through the retirement accounts of millions of people and the portfolios of thousands of financial advisors and institutional investors.

ETFs miss the point, though. Bitcoin is not an asset to be held; it is a currency to be spent. Bitcoin has no price, only an exchange rate. The future of Bitcoin is not an asset sitting in an ETF or buried in a backyard hardware wallet. Currency is used for transactions.

Although everyday payments like buying coffee are not the primary use of Bitcoin, There will be strong economic activity denominated in Bitcoin in the future. Bitcoin will shine in storing value, settling large payments, and developing financial services.

Last year, at least 57 countries in the world had inflation rates exceeding 10%. The UK exceeds 9% and the US exceeds 8%. For residents of countries with a history of inflationary, institutional, or currency risks, daily fluctuations in the Bitcoin-to-fiat exchange rate appear to be higher than in countries around the world The risk of fiscal and monetary mismanagement is lower over the decade.

However, in order to realize such a future, companies and institutions must be established in the Bitcoin economy.

Meanwhile’s currency is not currencies such as the US dollar, euro, Japanese yen, Swiss franc or pound sterling, which are losing their purchasing power, but Bitcoin, which is appreciating as a store of value. We do all actuarial calculations in Bitcoin.

This approach means that one Bitcoin is equal to one Bitcoin. In the insurance business, our policyholders can have peace of mind knowing that exchange rate fluctuations will not impact our business, and we can have peace of mind knowing that we can meet our commitments for the same reason. Over the course of the company's operations, the price of Bitcoin has fluctuated between $15,500 and $70,000, but our balance sheet has continued to grow in Bitcoin terms without volatility.

Entrepreneurs, builders, Bitcoin (and cryptocurrency) holders...many people around the world will increasingly see the value in building their businesses and lives on the Bitcoin standard . Like us, this means they can stop worrying about Bitcoin’s exchange rate against the U.S. dollar today, tomorrow, next month, or even this year, and start looking at Bitcoin as a store of value whose value will clearly be in the coming years. Ten years higher.