“The most important thing to remember is that Bitcoin is a blow to dictators. We often hear objections from politicians, journalists, and some experts who convince everyone that this cryptocurrency is useless,” the foundation’s representative noted. He emphasized that such skepticism is most often due to the fact that residents of developed countries enjoy financial freedoms and guarantees that are inaccessible to millions of people around the world.
“Think about it: 87% of the world’s population lives in countries where the economy is on the verge of collapse, the national currency is unstable, or an authoritarian regime rules without the possibility of open expression of will,” he added.
For these people, Bitcoin can become a real tool for protecting savings and access to global markets. Today, most people are deprived of alternatives and are forced to rely on depreciating money or completely state-controlled accounts. Gladstein is confident that decentralized digital currency opens the way to equal conditions for everyone who is looking for a way to save their money.
The fund's financial director recalled that over the past decade, the world has experienced an explosive growth in the popularity of messengers with encrypted correspondence - while in 2010 such applications were rare. According to him, Bitcoin will have a similar path: by 2030, it can become the main asset in the fight for freedom and human rights, since this currency is not subject to discrimination and does not require banking services that the authorities can block or control.
In addition, Michael Saylor, who heads Strategy, proposed an interesting initiative: he called on the Federal Housing Finance Administration (FHFA) to revise mortgage rules and allow the use of Bitcoin as collateral when applying for housing loans. In his opinion, this can give many Americans a new tool for buying real estate and will open up even wider application for cryptocurrency.
With more and more people around the world looking for ways to secure their savings and escape total control, Bitcoin is becoming not just a financial asset, but a symbol of hope and independence. The Human Rights Foundation is confident that this trend is only gaining momentum and will soon become a new challenge for dictatorial regimes that are accustomed to building their power on complete financial control of citizens.