Bitcoin Could Soon Overtake Fiat Currencies

They called it a “shot heard around the world” for freedom… by Chris Lowe of the Daily cut

The phrase comes from Ralph Waldo Emerson’s poem “Concord Hymn.”

It refers to the first musket shot that rang out at Old North Bridge in Concord, Massachusetts on April 19, 1775.

That’s when American militia companies numbering about 400 men engaged roughly 90 British Army troops.

And it was the first time American forces advanced in formation on British soldiers and routed them.

It also marked the outbreak of the war between the Kingdom of Great Britain and its 13 American colonies that led to the creation of the United States of America.

“A shot heard around the world” is also how colleague Nick Giambruno described the news that the president of El Salvador plans to make bitcoin legal tender.

It’s a move Nick believes will eventually lead to freedom from today’s government-run “fiat” money system.

He sees the news as the start of the fulfillment of the Bitcoin Supremacy trend he’s been pounding the table on since last fall.

This will see bitcoin become the world’s dominant currency, much like gold was during the Gold Standard monetary era.

And if Nick’s right, it will send the price of bitcoin up 1,600% from here… and more.