Hey JessBTC

Like many of you in the crypto space, I often run my mouth about the good news like a Jehovah's Witness, reaching out to anyone who would listen. After getting slapped back a few times, I learned to keep my big yap shut and not try to spread the good news but let those wanting to hear the word approach me. 

This is not to say that there is a steady queue of people wanting me to explain Bitcoin to them, but every so often someone will ask me about it, and as I explain it I need to cater to their understanding of the world, and in turn, I learn something new.

As my new saying goes, you don't change Bitcoin; Bitcoin changes you.

## Building with Bitcoin

I've mentioned this before, but I do have the goal of being in the 21 club, one of those lucky SOBs who have a full Bitcoin they can call their own! Each month I'll add a little more, and it gets me closer to my goal, I could be further along, but I have had to jump into some promising [alts](https://www.nichemarket.co.za/blog/money-talks/what-are-alt-coins), but Bitcoin will always be my go-to. 

Since we will only ever have 21 million and millions of BTC has been lost and will continue to be lost by people the scarcity of this digital asset will only continue to rise if people deem it worth it, which I think they do. 

As paper money crumbles around us and assets measured and pegged by it, continue to devalue due to inflation, things like precious metals, and now BTC have a new part to play in a more collateralised economy.

![](https://www.newsbtc.com/wp-content/uploads/2019/12/shutterstock_1514177231-1920x800.jpg)

**Image path** - [newsbtc.com](https://www.newsbtc.com/2020/01/01/bitcoin-closed-q4-in-losses-two-major-catalysts-for-a-rally-in-q1-2020/)

## May the halving be with you

Whether you like it or not the halving is coming, and with it, we all feel price increases as the daily inflation gets cut in half. Many are calling this the dawn of Bitcoin as Digital gold, and it will be an interesting four years to the next halving.

If we do see continued price increases due to the reduction in inflation of BTC, I feel that this will turn into a distinct money-making opportunity for hodlers. As I mentioned earlier we're now in a world where the money is really based on less than thin air and the search of something to back it up is well overdue. Bitcoin could be one of those assets that could be used as collateral. 

## De-Fi to defy traditional banking

We're seeing the growth of De-FI which is not exactly decentralised but its a start I guess. In developed nations interest rates are either close to 0, 0 or negative and in developing nations it may be high but the inflation of the national currencies obliterate your gains so the incentive to save is not as high either. In De-FI we can go back to something closer to the [3-6-3](https://steemit.com/money/@chekohler/we-ve-sold-out-the-future-long-before-we-even-get-there) rule which would work even better with a deflationary asset like Bitcoin. 

I see side chain solutions like the [Liquid Network](https://steemit.com/bitcoin/@adsactly/adsactly-crypto-what-is-the-bitcoin-liquid-network) being a precursor to this and as the building blocks come into play we could see this change happen soon. 

Institutions will be begging clients to back them with their BTC held non-custodial in a smart contract which would then give them the backing they need to go out and do something productive. The returns are then paid back to the backers in BTC or an alt of our choice maybe even fiat, that's up to you but I think BTC could become digital collateral if it is not there already. 

We're seeing it now with apps like the Celcius Network and I can only see this improving as banks continue to offer customers shittier products laden with fees. 

## Have your say

What do you good people of steem think? Can BTC issue in a new age of De-FI? 

Holla at me in the comments! All my commenters I will now refer to as Jessie. Jessie is a good friend of mine, but Jessies got a girl, and I want to make her mine.

So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."


## Let's connect

If you liked this post sprinkle it with an upvote or esteem and if you don't already, consider following me @chekohler
![follow me](https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmSfrQD1Y3vNAfxKRxkEV9wpYcbbVEvqrJ5JcwhUKAhbv2/chekohler.gif)
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