Why Service Members Should Buy Bitcoin

I’ve been around soldiers for nearly a decade. Bitcoin seems like a natural fit for the American service member, and yet, so few of them can get over their skepticism and choose to invest. 

My hope for this article is that it can work its way through the ranks of all services to help our servicemen and servicewomen make a better life for themselves and a better future for their families.

Bitcoin will make your life measurably better in a multitude of ways: It will serve as a defense for your freedom as you serve to defend others’; it will serve as a defense to your purchasing power, as there is virtually no way military pay can keep up with inflation. 

Lastly, it will provide you with the economic opportunity that you likely never had, as that’s one of the major factors that drive people to enter the military in the first place.

I was one of the lucky few. I worked hard in high school and was fortunate enough to stumble onto West Point, attending a four-year college for free in exchange for years of service. 

I found bitcoin through a series of unusual events leading me to start buying seriously just before the COVID-19 crash in 2020. 

Again, through some luck and serendipity, I found my way into a graduate school program with the Army, allowing me to obtain two master’s degrees from a reputable university in less than 18 months. All paid for by the Army. 

The military can be an incredible sacrifice at times, but it can also serve as an incredible opportunity for personal development and societal advancement.

Bitcoin is your icing on the cake if you play your cards right. It is your best opportunity to make one of your best opportunities even better.

“I do solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic…”

An interesting part of military life is the oath that we swear with every reenlistment or promotion; swearing allegiance, not to an individual, not even to the government, but to a document created over 200 years ago. 

Much like the Constitution, Bitcoin itself is an idea, a set of rules laying out a set of governing principles in order to enforce fairness and freedom equally for all participants.

The principles of Bitcoin, much like those laid out in the Constitution and subsequent amendments, are fundamentally about freedom. 

Bitcoin was born out of the chaos of the 2008 financial crisis, seeking to preserve the freedom to store value and transact freely.

If there’s anything I’ve learned over the past two years of falling down the Bitcoin rabbit hole, it’s that you don’t really own anything. 

Even if you pay off the mortgage or your car, what happens if you stop paying your taxes on it or fail to renew your registration? The government will seize your property. 

As evidenced by the recent Freedom Convoy protest in Canada, once seemingly liberal Western democracies have shown that they will freeze your bank and investment accounts, without hesitation, for supporting a political movement that the ruling class does not agree with.

Simultaneously, payment processors like Mastercard are developing carbon-footprint tracking technology which they are embedding into their credit card interfaces in order to rate each transaction you make based on its carbon score. 

One option allows users to opt into a program which cuts off your ability to spend once a carbon limit has been reached. 

This raises a number of questions in my mind, most chiefly: How long until features like this become not only standard, but mandatory in order to use their services?

Bitcoin is the first thing I actually own. I hold my own keys making it incredibly difficult for anybody to access my funds and essentially impossible to “freeze” my account. 

Furthermore, Jack Mallers, CEO of the Bitcoin-focused company Strike, partnered with some of the largest point-of-sale device companies in the world to enable bitcoin payments in stores at thousands of locations you probably use on a regular basis. The freedom to transact and maintain your self-sovereignty just got a whole lot easier.

The baseline for military pay raises come from the Bureau of Labor Statistic’s Employment Cost Index, essentially indexing the average cost of employment in the private sector to try and keep military pay rising in conjunction with the private sector. 

The issue here is twofold. First, the data is trailing and roughly two years behind by the time the pay raise is enacted. 

This is largely due to the legislative process. The second issue associated with this method is that private sector wages have not kept pace with inflation, so using that as the baseline measure still means that costs are rising faster than your wages. 

A 4.7% expected pay raise for 2023 is nice, but in the face of an 8.5% inflation print from March 2022, you are effectively taking a 3.8% pay cut.

With the growing deficits and government debt, I don’t see any mathematical way that military pay can keep up with inflation, let alone the political way, as the government will likely be pressured to reign in spending in order to help combat inflation measures.

To add insult to injury, even if inflation normalizes back to that 2% annual level that the Federal Reserve so desperately wants, the lower rate is being compounded off a higher base of prices, still leaving you behind as prices grow steadily over time.

As a digital bearer asset with absolute scarcity, your share of the monetary network cannot be diluted with money printing if you own bitcoin. 

Over time your wealth and purchasing power can continue to grow, and with enough time in the market, bitcoin is expected to greatly outpace inflation as adoption continues. 

This is not a get-rich-quick scheme, rather a better way to save. As little as 1% of your pay per month into a bitcoin allocation could have a significant effect on your financial situation. 

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