3 Reasons Why Bitcoin Is The Future Of America

Many people view Bitcoin and cryptocurrency as a fad or equate it to some sort or religion. It's like the Beanie Babies of the 21st century. After all, something that isn't tangible must be valued purely on faith right? There are some people that hate cryptocurrency and some people who love it, but generally the reasons provided for one direction or another are more based on opinion than fact. These are the 3 reasons why Bitcoin is the future of America.

1.) Wealth Distribution: Young People are the Poorest Generation in American History
More and more people young Americans are having a harder time moving out of their parents houses. While most older generations were out of their parents in their late teens or early twenties, newer generations are staying with mom and dad well into their thirties. Wages are proportionally lower than that of previous generations largely due to outsourcing and H1B visas. College loans are out of control and cost of living keeps increasing. America will not move forward if the majority of young people are stuck in the short term living paycheck to paycheck. As more young people begin to realize that they can't possibly have the standard of living that their parents once had, more will rebel against out government and traditional working and financial systems. This is why Bitcoin is gaining so much traction with Millennial's.

2.) Government Programs Are A Ticking Time Bomb.
In 1990, the federal government brought in more than 1 trillion dollars in tax revenue for the first time. In 2017, it is estimated that they will bring in almost 3.5 trillion. Why are citizens paying nearly twice the inflation adjusted taxes to the federal government in 2017 in comparison to 1990? The main reason is that welfare and social security are out of control. These two programs are built of population pyramid dynamics and make up almost 2/3 of all government spending. There are not enough middle class people to pay for all the poor people, and there are not enough young people to pay for all the baby boomers retiring. We have a lot more old people today than we did in 1950. As debt gets more out of control, dollars will also get more out of control resulting in hyperinflation. The response to this hyperinflation will be Bitcoin.

3.) Housing is Too Expensive
While student loans and car loans will help to contribute to the next financial collapse, the largest danger lies with housing prices. 1 million dollars hardly buys you a shack in San Francisco, and more and more people are signing their life away to bank financing just to own a house. As the wealth gap widens and rent and housing become even more expensive, the amount of overhead that your standard American has is becoming unsustainable. Lets face it, going half a million dollars into debt for a house is a joke, and the only solution to this joke is a currency that cannot be financed. Bitcoin will help to bring prices down to normal levels.

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