2020 was unforgettable, especially for Bitcoin. To help commemorate our readers this year, we asked our network of contributors to reflect on Bitcoin price action, technological advancement, community growth and more in 2020, and reflect on what this could all mean for 2021. The writers responded this with a collection of thought provoking articles. Click here to read all the stories from our End of Year Series 2020.
2020 has become the year of the pandemic. With face masks and quarantine becoming the new normal, the world has changed forever. As the incidence of coronavirus increased, the US Federal Reserve lowered its interest rate to almost zero for the first time since the global financial crisis more than a decade ago.
With lock-in measures creating job losses and a downturn in the economy, the government’s response to COVID-19 revived the memories of the 2008 crash. Then the bailout of Wall Street banks created a large transfer of wealth. This is now continuing, with the closure of the economy destroying mum-and-pop stores while corporations like Walmart, Amazon and Target are making record-breaking profits.
Bitcoin, born in the ashes of the economic collapse, was a reaction to the corruption of financial institutions. His white paper saw his 12th birthday this year. As the old system began to unravel, Bitcoin further unveiled its deeper value proposition.
The invention of Bitcoin made the separation of money and state possible for the first time in history. The cypherpunks’ project of creating electronic money free from the central authority soon won the hearts of hackers and anarchists. Recognition of bitcoin as a new asset class similar to non-seizure digital gold, liberals and venture capital also came.
The waves of early adopters of this technology have emerged on the outskirts of the US Empire. From Venezuelans and Iranians to WikiLeaks, the unstoppable free speech of money has become a safe haven for those wishing to escape hyperinflation, sanctions and financial blockade.
This year, this decentralized digital currency has welcomed new faces. Responding to the Federal Reserve’s inflation policy, corporations and public companies have begun adding bitcoin to their balance sheets to hedge against the US dollar. In September, MicroStrategy became one of the first and largest companies on the Nasdaq list to embrace bitcoin, buying over $ 425 million worth. This has created a stronger impact in the merchant network, bringing Cash App and PayPal Square to the crypto space.
In the wake of the US presidential election, the price of bitcoin was higher than its all-time high from the end of the 2017. Bull run million in bitcoin, Bitcoin has continued to be received in the mainstream, making thriving news headlines in the mainstream media.
The Global Reset
As the loss of confidence in the US economy accelerates de-dollars, leading global organizations have stepped up. Halfway through this year, the World Economic Forum (WEF) announced a plan to develop a “Major Reset” to emerge as a better world from the COVID-19 crisis.
WEF, along with the United Nations, business and civil society sectors, aims to build the foundations of the economic system and establish a new social contract for the world population with the internet of things, and the use of advanced technology.
In the announcement, Klaus Schwab, founder and executive chairman of WEF, stated that the goal is to create a fairer and more sustainable future, bringing our life into harmony with nature. Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, who joined the initiative, expressed how the organization can help create a “greener, smarter and fairer world.”
In October, Georgieva confirmed the IMF’s role in the Great Reset, calling for a new Bretton Woods moment; referring to the arrangement originally made in 1944 to centralize the world financial system with the US dollar as a reserve. The head of the IMF urged international cooperation among the G20 to restructure sovereign debt. It is now preparing to introduce a central bank digital currency (CBDC) that has the ability to monitor and track transactions, linking them to personal IDs with a record stored in a huge database.
As international organizations seize the opportunity in the post-pandemic economy to reshape the world, defiance has emerged. Concerned citizens around the world have criticized the Great Resettlement as an attempt to abolish personal ownership and property rights and undermine the sovereignty of nations and individuals. They consider it a dangerous move towards technocracy, creating a new digital empire with complete surveillance and control.
Opponents of Big Reset go even further to call it a war on human nature with the ultimate goal of creating a future without humanity. The Global Reset is supported by billionaires, the British royal family and politicians including Canada’s prime minister and Joe Biden. It is said to be an effort to transform global food, the human diet, hunger and disease around the world, even to combat climate change.
The key idea behind this initiative is transhumanism. Klaus Schwab, founder and executive chairman of WEF, in his book “The Fourth Industrial Revolution,” stated that transgenderism is a process that brings radical change in our way of life, opening a new chapter in human development. He described it as a vision towards “fusion of our physical, digital and biological identity.”
The global elites with their patronage network of central banks around the world create money out of thin air. With their fake money, they pump fake news, fueling the resource wars. Through synthetic biology that takes genetic engineering to the next level, they are changing nature and creating fake food. Working with a machine learning algorithm, they are now trying to change human biology, making us all become artificial.
As the rise of AI and robots with the idea of uniting man and machines raises existential questions for humans, narratives of Bitcoin have shifted to a philosophical discussion. From the maxim of freedom Robert Breedlove i Gigi, who writes words and code for Bitcoin, a gospel for a new era of individual sovereignty is being created.
Michael Saylor, chief executive of MicroStrategy, who joined the Bitcoin club this year, described energy funding and set out how “Bitcoin channels human ingenuity to improve it.”
Long before the ecosystem became cosmic with memes bringing in new frequencies, popular financial report host Max Keizer called the mysterious Bitcoin creator, Satoshi, “cyber cry.” This year, Keizer along with Stacy Herbert, raised spiritual vibrations by launching their new Orange Pill podcast.
Keizer, whom Saylor called the “high priest of Bitcoin” noted, “God’s fingerprints are all over Bitcoin.” Responding to this new metaphysical dimension now being added to Bitcoin price discovery, Bitcoiner tweets:
Taking advantage of billionaire hedge fund manager Paul Tudor Jones who recently said, “A bet on Bitcoin is a bet on human ingenuity,” Keizer recognized Bitcoin as a pro-humanity working for humans. He then defined the next phase of Bitcoin’s battle as “human beings against AI.”
A Call For Evolution
The new battlefield being drawn is about the evolution of humanity. Aaron McCollum described in his 2013 book “The Pandemic” that transhumanists aim to “synthetically evolve the human race faster than organic evolution allows” and to create “civilization after death, also referred to as Human 2.0. ”
While the nation-state is dismantled, creating chaos in the electoral arena, humanity is locked down in a path of technology-driven evolution. The incumbent power with its reliance on centralization seeks to keep all species in captivity. As the machine occupies the living world relentlessly, a new algorithm arises that contains a Book of Nature in it.
A computer science innovation that aligns the human interests of all participants has begun to secure the future for humanity. Recognizing a new community of shared purpose formed around this open source software, crypto anarchist Erik Cason tweets:
Responding to the impetus for evolution in the protocol, people all over the world are coming together. There are economists, goldsmiths, computer programmers, mothers, rabbits and entrepreneurs, all working to apply their own knowledge to solve problems.
As the year 2020 comes to a close, bitcoin, which has begun to disrupt the power of central banks, giving humanity a chance to free themselves, is soaring to its highest ever level. With Bitcoin, we can now opt out of a few-mankind upgrades and determine a user-activated evolution path. We can all unite as human beings and HODL our intrinsic values codified in our own DNA.
Now, the future is in the hands of ordinary people. The consensus of each individual’s network of preferred values builds blocks for a new civilization, defining what it means to be human.
This is a guest post by Nozomi Hayase. They are solely their own opinion and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.