Those who hold bitcoins recognize the importance of taking control of their own freedom. A second passport could be the next step.
This is an opinion piece by Jessica Hodlr, COO of Plan B Passport.
The rise of Bitcoin and the demand for second passports may seem like two unrelated phenomena, however, there is a common thread that ties them together: the desire for control.
Bitcoin and second passports have grown in popularity in recent years due to growing distrust of government and an emerging “preparer mentality” among many people. Both offer a way to regain control and protect yourself from the vagaries of the world.
Distrust of government
The decentralized nature of Bitcoin means that it operates independently of any government, individual, or financial institution. It has attracted so many people who are skeptical of the traditional financial system and government control over money that we have all experienced and witnessed.
Like the 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 provide an escape route to a country with more favorable conditions.
Preparer mentality
If you haven’t heard of the prep mentality, it’s characterized by an emphasis on self-sufficiency and emergency preparedness. People who adopt this mindset often stockpile supplies and develop skills that they believe will come in handy in a crisis. Bitcoin and second passports are both tools that can be used to prepare for the worst and protect against any risk.
The decentralized nature of Bitcoin makes it resistant to government interference, which would be helpful in a scenario where traditional financial systems have collapsed. In such a situation, bitcoin could serve as a medium of exchange, even if fiat currencies no longer work. Similarly, a second passport could provide a means of escape to a safer location in the event of a crisis. By having a second nationality, individuals may be able to travel to more stable countries or access resources that are not available to those with only one passport.
Giving control back to the individual
As noted above, perhaps the most important link between Bitcoin and second passports is the desire for control. Both provide individuals with greater control over their lives and assets. Bitcoin allows users to control their money without relying on a 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 individual freedoms, bitcoin and second passports offer people a way to get back on their feet. By using these tools, people can take steps to protect themselves from the uncertainties of the world that could prove dangerous.
Prepare for uncertainty
As people grow increasingly skeptical of governments and institutions, they are turning to these tools to regain control of their lives and property. Whether it’s 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. The opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.