5. Governments are averse to unpopular decisions.
Another reason to buy Bitcoin is also inherent in the system we live in, where the incentives themselves only push Bitcoin’s price higher. The only way for it to decrease, in my opinion, is if governments and politicians were to start acting in favor of the citizens. If you don’t trust this to happen, as is my case, it further reinforces the bullish thesis for Bitcoin.
It’s a fact that with the debt-based monetary system we live in, countries are becoming increasingly indebted. When it comes to paying off these debts, there are several ways to “bleed” the population, although in my view, inflation is the preferred and most obvious method (which also pushes Bitcoin higher).
I am again waiting for the Elsavadorian government to pay their debt to the IMF with BTC. If it is paid off, I think Elsavador will be an enviable pilot project for other countries in the implementation of financial inclusion in terms of servicing national debt.
The current conditions, let alone paid off, the interest alone has many obstacles to be repaid. This is the real source of chaos that many of the country's leaders must immediately think about, otherwise the public will continue to face uncontrollable increases in the price of goods every day.