“Oh no, not someone else talking about Bitcoin!” That is what you’re probably thinking right now.
I know Bitcoin and other cryptocurrencies have been a hot topic of late. And there are more than enough “wanna-be” experts out there.
When looking through SurvivalBlog.com, I realized that it’s been quite a while since there was a dedicated piece on cryptocurrencies. Since the technology (and the economy) is changing so rapidly, I wanted to do a primer on Bitcoin for Preppers. I’ll include Use Cases and some How-To.
In this article, I’m going to make the case for Bitcoin, not as an investment (which I believe it is), nor a great store of value (which I also believe it is becoming), but instead, I’m going to simply state that having some Bitcoin in offline storage should be an essential part of any prepper’s toolkit.
Recently, a former JPMorgan cross-asset strategist said about Bitcoin,
“If..one’s risk scenario is of the Thunderdome variant characterized by the simultaneous collapse of a currency and its payments system, then there is no better hedge than private, digital money.”
If JPMorgan sees it as a prepping tool, maybe you should as well.
And I don’t claim to be a Bitcoin expert. I’m not a developer or a software programmer, but over the past four years, I’ve dug pretty deep down the crypto rabbit hole and I’ve become convinced that at least a little Bitcoin should be part of your preparations for an unpredictable future.
Let me tell you why…
What a Bitcoin Is
Before we jump down the Bitcoin rabbit hole, let’s first talk about what Bitcoin is. If you’re familiar with Bitcoin, you can skip this part. If you’re unfamiliar, I’m going to give a hyper-abbreviated intro to Bitcoin.
Simply put, Bitcoin is the first digital bearer instrument with provable scarcity.Continue reading“Bitcoin for Preppers, by S.C.”