Bitcoin: A Symbol of Free Speech and Democracy

According to Peter Brandt, a trader with over 50 years of experience, Bitcoin (BTC) represents the ultimate form of free speech and democracy.

Brandt’s remarks come at a time when Bitcoin flirts with the impressive price of $100,000 per BTC. Although there hasn't been a firm establishment at this level, the weekly candle closed at $101,109.59, which could signify positive trends.

The discussion raised by Brandt goes beyond Bitcoin’s price—which has surged nearly 140% since the start of the year. It emphasizes Bitcoin's role and purpose in society.

Renowned expert Anthony Pompliano recently argued that Bitcoin is not a financial illusion created from nothing, unlike the dollar, which lacks a finite supply and is limited only by national debt. Brandt supports this notion, claiming Bitcoin embodies free speech and democracy, a sentiment echoed by many crypto advocates.

Adding to the conversation, U.S. Federal Reserve Chairman Jerome Powell remarked that Bitcoin is akin to digital gold, though he stressed that it should not be regarded as money like the dollar.

These perspectives enhance Bitcoin’s functionality, portraying it as more than just currency or a store of value—it veers into the realm of human rights and freedoms. Bitcoin offers a decentralized, non-custodial means of managing personal finances.

As long as confidence in Bitcoin remains strong, and quantum computers capable of breaking cryptocurrency wallets do not exist, Bitcoin retains unique qualities unmatched by other assets.

This article was originally published on U.Today