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Owning Bitcoin “Is a Must” Says Price of Tomorrow Author, Jeff Booth

Tony Spilotro by Tony Spilotro
7 months ago
in Bitcoin
0

Bitcoin is a first of its kind financial technology born out of the Great Recession. It is designed specifically to be opposed to everything central banks stand for.

It’s for those very reasons that The Price of Tomorrow author Jeff Booth believes that Bitcoin “is a must” to own to preserve one’s wealth and act as a “life boat” in the future.

What Is The Price of Tomorrow?

Jeff Booth is an entrepreneur that built his empire successfully during the dot-com bust and later amidst the Great Recession Bitcoin was also born from.

Booth is a firm believer in utilizing technology for positive change and in improving financial inefficiencies. He also recently released a book at the start of 2020 called The Price of Tomorrow: Why Deflation is the Key to an Abundant Future.

RELATED READING | WHAT TO EXPECT FROM BITCOIN FOLLOWING THIS WEEK’S FED MEETING

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The book touches on several topics that have only become more relevant since the book was published. There’s a full chapter dedicated to “Printing Money” – a topic especially important considering today’s Federal Reserve meeting where chair Jerome Powell will address the rising inflation rate.

The rest of Booth’s book reference themes surrounding Bitcoin, such as deflation and technology. And although the book thematically aligns perfectly with the cryptocurrency, it is in a recent Twitter thread where the book’s author calls attention to Bitcoin.

6) In my humble opinion – Bitcoin is a "must" Not just for your wealth but as a lifeboat. Please do your own research. Follow @PrestonPysh @johnkvallis @RaoulGMI @APompliano @Breedlove22 @princey1976 @PeterMcCormack @MartyBent @LynAldenContact

— Jeff Booth (@JeffBooth) September 16, 2020

Why Bitcoin is a Must For Wealth Preservation

In a detailed Twitter thread, author and BuildDirect co-founder Jeff Booth discusses how “brutal” the coming “unwind” will be from whatever damage is done to the fabric of the economy, thanks to ongoing stimulus efforts and money printing from central banks.

Booth says there are only two paths: a path of defaulting into a depression where the central banking system collapse, or through hyper inflation.

Central banks won’t give up their control, so the burden will be the world’s to bear. But Booth says, in his “humble opinion,” is where Bitcoin comes in to save the day.

RELATED READING | CAN BITCOIN FIX WHAT TOP ECONOMISTS SAY CENTRAL BANKS CANNOT SOLVE?

The author claims that “Bitcoin is a must” for wealth and could act as a “lifeboat,” but doesn’t explain for what. However, the comments stack up alongside a recent report from Fidelity Digital Assets calling Bitcoin an “insurance policy against the unknown.”

Others are relying on the asset as a hedge against the coming inflation that Booth warns of.

Bitcoin was designed to be decentralized and exist outside of the government or banks’ control. But beyond that, it was built with deflation in mind, with only a supply of 21 million BTC to ever exist.

Although the price of tomorrow is currently unknown, the cost of protecting oneself from inflation is current priced at just under $11,000 for each BTC.

bitcoin btcusd price of tomorrow

BTCUSD Monthly Price Per BTC Currently $10,900 | Source: TradingView
Featured image from DepositPhotos, Charts from TradingView
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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