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We are heading into the back half of the current bitcoin halving cycle.  Simply put the next halving will be sometime in March of 2024, and the reward per block will drop from 6.25 to 3.125.  We call this a supply shock.  Simply put Bitcoin has put in its bottom for this cycle and it will be a bumpy up and down journey from here that will trend upward likely for the next two years.

This means the excitement will pick up, tons of misinformation from both the pro and anti bitcoin sides will flow.  Bitcoin is going to zero, bitcoin is going to 10 million, and all things in between.  But what about practical, real world, common sense wealth building, commerce and practical understanding of bitcoin?  That is what we will cover today.

First I will be answering some very beginner type questions on a few things and some basic definitions we tend to take for granted in the bitcoin community.  Then let’s talk about the future of bitcoin, fears of CBDCs, etc.   How we can use Bitcoin right now, what is coming next and why Bitcoin is superior to old forms of money like silver and gold as “uncensorable money”.

Jack’s Links

• • All My Recommended Bitcoin Tools (Buy, hodl & earn BTC)
  • How to Self Custody Your Bitcoin
  • Get the Fold Card or You Hate Money
  • Get the Fountain.fm App
  • Bitcoin Breakout on Breez
  • Bitcoin Beakout on Curio Caster
  • The Bitcoin Breakout on YouTube
  • Jack on Twitter
  • Jack on MeWe
  • Jack on Instagram
  • Jack on Gab

Sponsors of the Day

• Start9.com – Take Back Your Digital Sovereignty
• Ridge Wallet – Minimize your EDC and Protect your Identity
• The Self Reliance Festival in Camden TN
• Paul Wheaton’s Newest Super Awesome KickStarter
• Join the MSB Here
• Redneck Hippy Duck Farmer T-Shirts at TspSwag.com
• The Urban Worm Bag Composting Bin – Item of the Day

Video Version of this Podcast Episode

* The Bitcoin Breakout is a production of The Survival Podcast