Should Christians Invest in Bitcoin?
I receive this question frequently, and it seems to stem from a desire to shift the responsibility of conducting personal research. Having someone dictate what to do appears easier, as it relieves the need for individual thought. Furthermore, in case of any mishaps, the blame can be conveniently placed on the advice-giver.
Proof of Work
I could simply assert, “Yes, Christians should invest in bitcoin because it is the more moral monetary network.” However, I won’t; you need to conduct the research yourself. In this article, I will briefly outline some key issues that bitcoin addresses, and you can decide whether this is something Christians should invest in.
The Problems Bitcoin Addresses
Bitcoin did not emerge in a vacuum; it was created to tackle specific issues.
Bitcoin addresses the problem of political currency. Presently, national currencies are merely political currency units, with governments wielding complete control over money. They can print money, adjust interest rates, freeze bank accounts, and even invalidate banknotes.
Bitcoin, on the other hand, is apolitical money. It is irreversibly bound to a rules-based network—rules without rulers. As a digital monetary network without borders, bitcoin removes monetary policy control from human hands and places it in computer code.
Bitcoin also resolves the issue of inflation. It is inherently immoral for banks to print money and cause inflation, as it dilutes and devalues everyone’s holdings, effectively serving as a stealth tax. Bitcoin has a hard cap of 21 million bitcoins—no more, no less. Since bitcoin’s rules are coded, inflation is impossible, ensuring the preservation of one’s share of the money supply.
Furthermore, bitcoin addresses the problem of fraud and counterfeiting. Political currency units are susceptible to counterfeiting, but bitcoin cannot be counterfeited and is easily verifiable. Transacting with bitcoin involves network participation to verify each transaction, eliminating the need for trust in the counterparty.
Final Thoughts
In truth, I don’t perceive bitcoin as a traditional investment. Instead, I view it as the superior, more ethical monetary network—it’s not an investment; it’s the money.
Bitcoin represents a technological innovation with the potential to provide God’s imagers with honest, borderless, scarce, and apolitical money. Should Christians support, use, and acquire such a form of money? I unequivocally say, yes.
However, the decision lies with you, Christian. Choose between fraudulent political currency entangled in dishonesty and corruption, or honest, borderless, censorship-resistant, and apolitical bitcoin.