Tando’s Post

Name: How to spend more on #bitcoin and create a circular economy | Tando posted on the topic | LinkedIn
Uploaded: 2024-08-21T11:42:58.941Z
Duration: 55 s
Channel: Tando

Tando

125 followers

3mo

Bitcoin is money, you can store your value in it but don’t forget—it's also a powerful medium of exchange. When you spend #bitcoin, you give it utility, and the more it's used, the more desirable it becomes. This increased demand is what will drive Bitcoin's adoption worldwide, creating a true circular economy🌏 And now with tools like Tando we’ve made it so easy for anyone in Kenya🇰🇪 to spend their #bitcoin! For a truly global Bitcoin economy, it’s simple: don’t just HODL—spend it😉⚡️ Video Credits: Robin Seyr #bitcoin #mediumofexchange

Transcript

But you also made the argument that we, we should spend our Bitcoin. Yeah, I mean, it's, it's great having it as a store of value. And you know, people always say, well, if it's going to go up so much over time, why on earth would I actually spend it? You know, it's because it's, it's crazy. I may as well just keep hold of it. But the fact of the matter and the fact of life is you have to spend money every week. You have to spend money every day. Um, so there's no reason why, you know, you shouldn't exchange Bitcoin just in that week to spend for that week because you're going to spend. You're gonna spend, say you spend $1000 in a month, you're actually gonna spend $1000. It doesn't matter if it's in Bitcoin, if it's in dollars, why not exchange it into Bitcoin and then spend the Bitcoin? If we have the, the, you know, the, the ways to spend it, there's no way that we can just hold Bitcoin and not spend it. We, we've got to use it. It's got to become a circular economy. It's got to become part of the infrastructure. People have to become familiar with using Bitcoin rather than just storing it as a store of value.

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