Seeking Freedom, Bitcoiners Should Consider Second Passports
Those who hold bitcoin recognize the importance of taking control of their own freedom. A second passport might be the next step. This is an opinion editorial by Jessica Hodlr, the COO of Plan B Passport.The rise of Bitc...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Those who hold bitcoin recognize the importance of taking control of their own freedom. A second passport might be the next step.
This is an opinion editorial by Jessica Hodlr, the COO of Plan B Passport.
The rise of Bitcoin and the demand for second passports may seem like two unrelated phenomena, however, there is one common link that ties them together: the desire for control.
Bitcoin and second passports have gained popularity in recent years due to a growing distrust in government and an emerging “prepper mentality” among many individuals. Both offer a way to take control back and to protect oneself from the uncertainties of the world.
Distrust In GovernmentBitcoin’s decentralized nature means that it operates independently of any government, individual or financial institution. This has attracted so many people who are skeptical of the traditional financial system and the government control over money that we’ve all experienced and witnessed.
Like interest in Bitcoin, the demand for second passports has been driven by a lack of trust in governments. Many people fear political instability, economic downturns or other events that could threaten their safety and freedom. A second passport can offer an escape route to a country with more favorable conditions.
Prepper MentalityIf you haven’t heard of the prepper mentality, it is characterized by a focus on self-sufficiency and preparedness for emergencies. People who adopt this mindset often stockpile supplies and develop skills that they believe will be useful in a crisis. Bitcoin and second passports are both tools that can be used to prepare for the worst and to hedge against any risks.
Bitcoin's decentralized nature makes it resistant to government interference, which would be useful in a scenario where traditional financial systems have collapsed. In such a situation, bitcoin could serve as a means of exchange, even if fiat currencies are no longer functioning. Similarly, a second passport could offer a means of escape to a safer location in the event of a crisis. By having a second citizenship, individuals may be able to travel to more stable countries or access resources that are unavailable to those with only one passport.
Giving Control Back To The IndividualAs stated above, perhaps the most significant link between Bitcoin and second passports is the desire for control. Both offer individuals greater control over their lives and their assets. Bitcoin allows users to control their money without relying on any bank or financial institution. A second passport gives individuals greater control over their freedom of movement and access to resources.
In a world where governments and institutions are increasingly encroaching on personal freedoms, Bitcoin and second passports offer individuals a way to take back control for themselves. By using these tools, people can take steps to protect themselves from the uncertainties of the world that might prove to be dangerous.
Preparing For UncertaintyAs people become increasingly skeptical of governments and institutions, they are turning to these tools as a way to take back control over their lives and their assets. Whether it is through the decentralized nature of Bitcoin or the freedom of movement that a second passport provides, individuals are using these tools to prepare for the uncertainties of the world.
This is a guest post by Jessica Hodlr. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
Trump Says the US will Control Hormuz, Crypto at His Mercy
President Trump declaration that the United States would “probably” take control of the Strait of Hormuz, and should be compensate...
BNB Chain’s AWS-Linked Agent Studio Pushes AI Back Into The Crypto Infrastructure Race
The AI-agent narrative in crypto has gone through plenty of hype, but BNB Chain is trying to move the discussion toward tooling. I...
Iran Just Struck 5 Countries, and Cardano Dropped to $0.16: But Kraken Quietly Staked $1B
Cardano (ADA) is trading near $0.1616 on July 13, retesting the 20-day EMA as an overnight geopolitical shock, Iran launching coor...
Bitcoin Rebound To $64,000 Puts Overhead Supply Back In The Market’s Way
Bitcoin’s move back toward the $64,000 area gives bulls something to work with, but it does not remove the market’s next problem....
Your Kraken balance, ready to spend: the Kraken Card is here
TL;DR The Kraken Card connects a customer’s crypto and cash balances to everyday spending and is live now for eligible customers i...
Bitcoin And Ethereum ETF Inflows Return As Institutions Step Back Into Crypto Funds
ETF flows are back in the green, and that gives crypto traders a cleaner demand signal after weeks of nervous positioning. Bitcoin...