Bitcoin technology is revolutionary for many reasons, but one of the most exciting reasons is the ability for Bitcoin to bring economic freedom to everyone in the world which is literally a life changing event for many millions if not billions of humans on this planet. In this article we talk about why Bitcoin is life changing, and how it saves lives through this newfound freedom.

How Bitcoin provides economic freedom

Bitcoin has many aspects to it but one of the main characteristics of Bitcoin is that it gives the power of your money back to you. It takes away the power from banks and governments, who all control and issue fiat dollars to you, and gives you the ability to fully control it however you want and please. Bitcoin is uncensorable, it’s decentralized and it’s global. It allows anyone to voluntarily participate in a permissionless network which empowers people to not be marginalized by governments and financial institutions; nobody can stop you from using it, where you use it, and how and what you use it for. Governments, banks, and financial institutions cannot stop Bitcoin transactions.

The power and control is back in your hands by becoming a Bitcoin user. Many people like to say, you can be your own bank with Bitcoin, which is very true. With these characteristics, you can see how Bitcoin brings freedom to people that use it and are empowered by it.