Bitcoin is a solution to the loss of purchasing power and the downward liquidity in society. However, individuals must understand the fundamental economic issues to truly recognize the value of Bitcoin as a savings tool, said journalist and author of "Bitcoin is for Everyone," Natalie Brunell.
Brunell is a first-generation immigrant whose family came to the United States for economic opportunities but was negatively impacted by the 2008 financial crisis, she stated in an interview with Cointelegraph.
“At that time, I didn’t understand the financial system,” Brunell added, “It wasn’t until over a decade later that I realized most social and economic problems stem from monetary inflation and a broken monetary system that continuously erodes the value of money.” She stated:
“You also don’t realize what can truly solve these problems, and I believe the answer is Bitcoin.” She explained to Cointelegraph that Bitcoin's hard cap of 21 million coins, along with its decentralized and proof-of-work consensus mechanism, creates a scarcity that can store economic energy.
Brunell pointed out that rising prices are just the beginning of the negative effects of monetary inflation. Inflation of fiat currency erodes future purchasing power and incentivizes short-term thinking, leading to negative social impacts.
She added that saving under a hard currency standard like Bitcoin encourages a lower time preference, making individuals more focused on the future, family, health, disruptive innovation, art, intergenerational wealth accumulation, and community cohesion.
On the other hand, fiat currency incentivizes high time preference behavior and short-term consumption because the value of money is constantly eroding. This encourages holders to spend fiat currency as quickly as possible, or they risk losing value through slow inflation leakage, Brunell said.
“Since we moved away from a hard currency standard and fully entered the fiat currency system, the numbers themselves illustrate our declining mental health, rising crime rates, and the situation where people can’t afford homes,” she stated.
Brunell told Cointelegraph that Bitcoin's portability also makes it an indispensable asset for individuals fleeing tyranny, war, persecution, economic hardship, and areas ravaged by natural disasters.
“You can carry Bitcoin with you. If you encounter an emergency and need to escape, you only need to remember 12 or 24 seed words to take all your net worth with you,” she said.
Related: The U.S. Securities and Exchange Commission (SEC) did not specifically mention cryptocurrency in its 2026 review focus.
Original article: “The American Dream Hijacked: Why Bitcoin (BTC) is for Everyone”
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