In a world of growing financial uncertainty and high inflation, it’s crucial to protect your wealth.
Traditional financial systems rely heavily on fiat currencies, which are vulnerable to inflation and government control.
Bitcoin, a decentralized digital currency, offers a solid solution to these problems, especially in preserving wealth in 2024.
To understand Bitcoin’s importance, consider historical taxation and wealth storage. Since 2500 B.C., during the Genesis 47 era, slaves had to pay Pharaoh a 20% income tax. Fast forward to 2024, the average U.S. taxpayer not only pays 24.8% in income taxes but also an additional 7.65% in FICA taxes, along with sales, property, gas taxes, and other fees.
The main issue isn’t just the high tax rates but the falling value of the fiat currencies used to pay these taxes.
As governments print more money, the purchasing power of these currencies decreases—a problem many economies face today.
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npub1ddx…frmf
2024-07-07 19:54:50
Author Public Key
npub1ddxxz2v3zvk0f3krjrww4tn4qsdej496f7wyvkk2wzltx5yptfts6mfrmfPublished at
2024-07-07 19:54:50Event JSON
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"content": "In a world of growing financial uncertainty and high inflation, it’s crucial to protect your wealth. \n\nTraditional financial systems rely heavily on fiat currencies, which are vulnerable to inflation and government control. \n\nBitcoin, a decentralized digital currency, offers a solid solution to these problems, especially in preserving wealth in 2024.\n\nTo understand Bitcoin’s importance, consider historical taxation and wealth storage. Since 2500 B.C., during the Genesis 47 era, slaves had to pay Pharaoh a 20% income tax. Fast forward to 2024, the average U.S. taxpayer not only pays 24.8% in income taxes but also an additional 7.65% in FICA taxes, along with sales, property, gas taxes, and other fees.\n\nThe main issue isn’t just the high tax rates but the falling value of the fiat currencies used to pay these taxes. \n\nAs governments print more money, the purchasing power of these currencies decreases—a problem many economies face today.",
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