Key facts:
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The rise of Bitcoin citadels in Africa shows a response to monetary colonialism.
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Bitcoin’s circular economies offer stability and a path to global financial autonomy
The traditional financial system is in a global crisis and shows no signs of recovery; we are probably witnessing the twilight of fiat money and, in this context, many people are adopting Bitcoin (BTC) as a safe haven, and are modifying their lifestyle to make the most of the opportunity to access sound money and maximum financial sovereignty.
This transformation involves a profound change in the way they manage their resources and relate to the economy, favouring self-sufficiency and independence in the face of a deteriorating financial system. In the era of digital money, hundreds of people are creating new Bitcoin citadels or circular economies around the world.
As we have described it Previously on CriptoNoticiasthe citadels of bitcoin They are territories in which communities determined to grow and form adopt bitcoin to establish a circular economy, based solely on the digital currency created by Satoshi Nakamoto.
It is the quietest trend of all that is causing a major global transformation. Wars, pandemics, economic turmoil and shifts in political power, both within nations and internationally, mean that the world is quite different than it was just four years ago, but little is being said about one of the most significant changes in recent times: Entire communities spreading out, seeking sovereignty throughout the world with money that does not depend on the States.
It is a blow to the liver of the traditional financial system that is in decline, several factorsa product of government decision-making, such as the indiscriminate increase in the money supply that creates inflation and devalues money. As a result, thousands of people around the world are giving up their national currencies.
In 2019, the birth of Bitcoin Beach in El Salvador has seen the true boom of Bitcoin circular economies in the world. Source: X/TheBitcoinYogui.
This money phenomenon is being widely discussed in different settings. Macroeconomist Lyn Alden even wrote a book entitled “Broken Money”.
In his book Alden notes that there are over 160 active currencies in the world, each with a local monopoly over its own country and with little or no acceptance elsewhere. Many of them They are rapidly diluted as a result of erroneous monetary policies, thus continually devaluing savings. and the wages of the millions of people who live and work within those jurisdictions.
So, most people’s response to the devaluation of their local currencies has been to turn to the US dollar, which has managed to establish itself as a reserve of value, becoming a standard for the rest of the world’s economies.
The problem is that the dollar is also collapsing, as Robert Kiyosaki and Michael Saylor point out in the documentary recently released “God Bless Bitcoin.” The simple explanation of what is happening comes from chain events since August 15, 1971.
That was the day when the American president Richard Nixon took the dollar off the gold standard so he could print more money and “so they can steal your wealth” as Robert Kiyosaki says. And the reason he delinked gold from the currency was to pay for the Vietnam War,” adds former US presidential candidate Robert F Kennedy Jr.
«In the absence of the gold standard, there is no way to protect savings from confiscation through inflation»
Alan Greenspan, Federal Reserve Chairman 1996-2006.
The explosive multiplication of Bitcoin citadels around the world
In the current context of economic instability and the collapse of fiat money affecting various nations, the explosive growth of Bitcoin strongholds, especially in Africa and Latin America, is attracting attention.
It is not just a new technological trend, but a palpable response to the limitations and challenges imposed by the traditional monetary system. This phenomenon reveals how Bitcoin circular economies are gaining groundnot because of an ideological choice, but because of the urgent need for viable solutions for exchange and economic stability.
Latin America leads Bitcoin adoptionhowever, in Africa Communities and citadels abounddespite the technological marginalization it faces. This situation is clear evidence that in many parts of the world, especially in historically colonized regions, people see bitcoin not only as an investment or speculative tool, but as a genuine alternative to improve their lives.
From the bustling streets of Khayelitsha in South Africa, where the project Bitcoin Loxion seeks to empower a constantly growing populationto the remote regions of Peru, where more than 15 citadels are connecting diverse and remote communities through BTC, it is clear that these circular economies are responding to an urgent need: the creation of viable alternatives to traditional monetary systems.
For the first time, the word Bitcoin was embroidered on a garment made by remote communities in Peru who are now learning about Bitcoin. Source: X/MotivPerú.
Also in South Africa, the experience of Bitcoin Ekasiwhich fuses education and recreational activities in a community context, reflects how Bitcoin education can be a driver of social transformation.
In the Caribbean, initiatives such as Bitcoin Dominican Republicthe first circular economy in the Dominican Republic, created in 2023, are not only improving financial literacy, but also offering an innovative outlet for the intense remittance flows that characterize the region. Thus, The wealth generated by Bitcoin begins to remake the local economic fabriccreating new employment opportunities and strengthening the informal economy.
The phenomenon is not limited to Africa and Latin America; cities in Europe and other parts of the world are reaping the benefits of this financial transformation. The Federation of Economies Bitcoin Circulars, which brings together various initiatives on different continents, demonstrates that Interest in integrating Bitcoin into everyday life transcends borders and cultures.
In nations that still rely on currencies that were imposed during colonialism, such as the franc, this dependence underscores a theme of monetary colonialism that persists over time.
Using Bitcoin becomes an act of resistance against these dynamics of external control. Bitcoin’s ability to operate without intermediaries or permissions gives unbanked people—and a large part of the world’s population is still unbanked—the opportunity to access a financial system that removes barriers to entry.
Bitcoin is banking people living in northeastern Brazil, with the Praia Bitcoin citadel. Source: X/Praia Bitcoin Brazil.
This autonomy is relevant for those excluded from the traditional banking system, allowing them to trade, save and invest more equitably.
This trend will continue to transform society and we can only expect the pace of change to increase.
In Latin America and Africa, the urgency is clear: the search for stability in a chaotic and sometimes oppressive financial environment. By opting for Bitcoin, many are choosing a solution which, although still in its initial stages, presents itself as a refuge from the inefficiency and constant devaluation of its local currencies.
The expansion of Bitcoin citadels can be seen as a move towards economic decolonization. It is not only about freeing the populations of countries like Nigeria, Venezuela and others from the shackles of a monetary system that does not serve their interests, but also about providing tools for individuals to take control of their own financial destinies.
So, in a world hit by economic instability, and where fiat money seems to be fading away amid political and financial crises, The proliferation of Bitcoin citadels stands as a beacon of hope and resilience.
These Bitcoin citadels not only emerge as a refuge from the collapse of traditional currencies, but are proof of a paradigm shift in the way we understand and use money. As fiat falters, Bitcoin consolidates as a valuable and potentially transformative resource in the hands of the people.
Everything seems to indicate that we are taking steps towards a future in which power is redistributed and the community plays a central role. It is a trend that shows that as a planet we are taking clear steps towards an era in which financial sovereignty becomes a palpable reality for communities in all corners of the planet.
Disclaimer: The views and opinions expressed in this article belong to the author and do not necessarily reflect those of CriptoNoticias. The author’s opinion is for informational purposes only and does not constitute investment advice or financial advice under any circumstances.
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