Saving is good, they said.

But saving in dollars entails a constant fight to prevent savings accounts from melting away with inflation.

So, people look for investments in order to protect their savings. Yet in today’s world of monetary malaise, keeping what you have earned is more challenging than ever.

This year, for example, you would need to generate a return above 8.6 percent just to beat inflation and maintain the real value of your savings.

From central banks that debase your money, to wars that destabilize supply chains, forces outside your control impact your ability to preserve what you have earned.

But there is hope. There is a new type of money, bitcoin, that lets you preserve your equity without chasing returns. Which raises an important question: Why stake when you can stack?

With bitcoin, you don't need to chase returns. Instead, you can save an asset that exists outside of the unreliable and politicized financial system. Saving in bitcoin allows individuals to accumulate hard money. Bitcoin’s supply is fixed, its network is secure, and anyone with internet access can use it.

As more and more people use bitcoin, we believe its purchasing power will grow as well. Bitcoin is not another fiat currency or "crypto" that can be manipulated by a cabal of insiders. Instead, it is a savings technology that will allow us to build an equity-based financial system that we all deserve.

News

🤷🏻‍♂️ Central banks admit they’re confused about inflation

Central bankers admitted to not knowing if the U.S. economy will go “back to something that looks like, or a little bit like, what we had before” the recent period of inflation. They cited the Russian invasion of Ukraine as an unforeseen driver of energy, food, and chemical prices.

As we analyze past and potential future missteps by policymakers, centralized governance of the money supply appears to be an impossible task.

🧨 G7 makes the case for bitcoin

The Group of Seven, consisting of seven of the world’s largest economies, banned Russian gold imports. The measure is in line with previous currency sanctions prohibiting Russian entities from accessing US and Eurozone banks and payment networks. As we continue to see the weaponization of finance on the global stage, the case for borderless, censorship-resistant money grows.

🛢 SEC: Bitcoin is the only digital commodity

SEC Chair Gary Gensler stated Monday that bitcoin is the only digital asset he is comfortable with identifying as a commodity. While his statement should not surprise those familiar with bitcoin, what Gensler left out is important: every other cryptocurrency. The implications of Gensler's statement relate to Michael Saylor's recent comments about bitcoin being affected by the external “unregistered securities” market. If the rest of the cryptocurrency market has to register with the SEC, we may see an end to the excessive leverage that leads to crypto liquidations and the forced selling of bitcoin.

📉 Three Arrows defaults, FTX bails out lenders then warns of insolvency in others

Tightening financial conditions continue to wreak havoc on over-leveraged companies. The DeFi-focused hedge fund Three Arrows Capital fell into liquidation after defaulting on loans from BlockFi and Voyager. The fund reportedly could not meet BlockFi’s margin call after becoming insolvent. A contributing factor to its losses was exposure to the TerraLuna stablecoin that collapsed last month.

Crypto exchange FTX is pursuing a stake in BlockFi as the lender now reportedly struggles to stay afloat. FTX has become a lender of last resort for some, but CEO Sam Bankman-Fried warned that “some crypto exchanges are already secretly insolvent.”

Bitcoin adoption continues

BIS allows banks to hold BTC. The Bank for International Settlements will allow banks to hold up to 1% of their reserves in bitcoin. The announcement comes on the heels of a BIS report advocating for central banks to maintain a significant role in the global monetary system.

Brazil’s Nubank rolls out bitcoin purchases. The largest digital bank in Brazil launched a new bitcoin buying feature for its 54 million customers. Nubank also bought bitcoin earlier this year.

Breitling hops on the bitcoin wagon. Watchmakers accepting bitcoin is becoming a weekly theme. Breitling joins Hublot and Tag Heuer in accepting bitcoin for payments.

Netherlands launching spot bitcoin ETF. The Jacobi Bitcoin ETF will begin trading in July. It will be the first equity instrument that provides access to bitcoin for institutional investors in Europe.

Bitcoin withdrawals reach highest rates on record. While bitcoin and global markets struggle, supply on centralized exchanges is dropping as more people take self-custody of their bitcoin. This is an excellent sign for long-term holding and potential supply shortages in the future.

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Reserve your spot

‍How bitcoin works

Learn one key idea about bitcoin each week. This week: Bitcoin is equity.

We have a debt-based economy. In basic terms, this means the issuance of debt creates fiat money.

To understand this better, we can look at how money enters the system.

Banks create money by issuing loans, and governments generate money via deficit spending.

If a bank deems you creditworthy for a mortgage, your money does not come from an existing stockpile. The bank credits your account with money created out of thin air.

With government deficit spending, governments spend beyond what they take in tax revenue and purchase debt from large banks and the Federal Reserve. The debt of the U.S. is about $30 trillion, the result of years of deficit spending.

In contrast, bitcoin is an equity-based monetary system. This type of system uses an asset that requires a cost of production. Similar to mining gold, mining bitcoin is costly.

In an equity-based system, money is created in one of two ways: It is either obtained through a costly mining process or earned as a reward for providing goods and services to others.

In addition to preferential access to money creation, debt leads to malinvestment and inflation. Alternatively, an equity system rewards savers through price deflation, and enables capital investment in future projects.

Far from the arbitrary creation of infinite credit for the chosen few, bitcoin’s equity-based monetary system is the fairest, most inclusive, and most equitable one we’ve ever known.

Coin check

Why is bitcoin considered “hard money?”

1. It’s decentralized
2. It’s costly to produce
3. It’s digital
4. It’s hard to hack

Check your answer at the end of the page.

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Answer: It’s costly to produce