Friday, June 6, 2025

Bitcoin - The real answer to inflation.

When you mention Bitcoin, you get various reactions from people....they associate it with something they missed out on, or even a scam of some sort. Unless you spend a little time looking into it (most people do not), it can be hard to wrap your mind around. 

Here are some things as Canadians that you need to know. 

1. Our currency sucks. It loses value every year because they print more of it. And it never stops. Bitcoin is a currency. There is a limited supply so the more popular it gets, the more purchasing power that currency has. You will lose some of your labours each year as the Canadian dollar is watered down. This is not an issue with Bitcoin. Long term you just get richer and richer with Bitcoin.

2. Bitcoin has been around since 2009. That is right, it is 16 years old. And it is growing. It is never going away. 

3. You don't need to own a whole Bitcoin. There isn't even one Bitcoin for every millionaire on this planet...not even close. You can literally own as little as 0.00000001 of a Bitcoin....meaning anyone can start with nothing. 

4. Shakepay is a great place to start learning about Bitcoin. You do not even have to buy it. You can simply shop with the shakepay app instead of your bank account and get 1% back in Bitcoin. A way to own Bitcoin without buying it. Simply sign up for shakepay add the Shakepay Visa debit card to your wallet on your phone, fund your shakepay account with a few dollars and use it for your next purchase ! Also you can open the shakepay app and shake your phone once a day for free Bitcoin! 

If you want to protect yourself from inflation, Bitcoin is the answer. 






 

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