Bitcoin's white paper turns 18, and small businesses are still paying for the bailouts it answered

From the source

Eighteen years after Satoshi published the Bitcoin white paper, business owners are still covering the cost of a system built on bailouts, and they can protect part of their surplus by keeping it in bitcoin, argues Onramp CEO Michael Tanguma. Satoshi published the Bitcoin white paper on Oct. 31, 2008 , four weeks after Congress passed a $700 billion bank bailout . On Jan. 3, 2009 , the first block carried a London headline about the next rescue: "Chancellor on brink of second bailout for banks." Since then, the rescues have kept coming. The largest institutions get the backstop. The barbecue shop down the street gets the higher prices. Small businesses have an alternative: bitcoin, the money Satoshi introduced 18 years ago, is a reserve no rescue can dilute. Each rescue protects the largest institutions The 2008 bailout was the first of several. In March 2020 , the Federal Reserve cut rates to near zero and pledged to buy bonds in unlimited quantities. On March 12, 2023 , regulators…

BestAIBroker analysis

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