"Most Americans who only understand the bare outlines of #Bitcoin approach it as an investment. For them, Bitcoin serves as an alternative to stocks or bonds that will provide them a yield for their savings. These people see Bitcoin as a vehicle to get more 'real money' at some point in the future. This outlook betrays a tremendous privilege for people who live with a financial infrastructure that works and under a government that (mostly) respects the rule of law and free speech.

But for most of the rest of the world, Bitcoin isn't an investment - it is the real money. Bitcoin represents a way to transact privately and to secure the fruits of one's labor without having to worry about the government seizing it directly or debasing it through uncontrollable inflation. Most of the world doesn't have the luxury of thinking about Bitcoin as an investment when they don't even have access to secure bank accounts and aren't allowed to invest in Western stock markets in the first place."

A Progressive's Case for Bitcoin (p. 122-123) by nostr:npub1dc84762hpnp0y4jcvjcgwt8l7sepng93j3hg63hfm80ph6kt82eqktjwqd