It’s been a long time coming for Canadians looking to hold on to a digital currency pegged to the Canadian dollar. The moment is finally here. It’s now time to learn how to buy QCAD and officially use a Canadian stablecoin as an on-ramp to the broader crypto market.
During the Roman Empire, Emperors would tinker with the money supply through a process called “coin clipping.” They would collect coins from their people and mint them into newer coins with less gold or silver content, for profit. Eventually, too many coins existed, which devalued their worth and made it difficult for Roman citizens to survive. Thus began the fall of the Roman Empire. It would be wise to go back in time and learn from the money mistakes made by one the greatest empires of history. Only in this way, will we avoid repeating their same downfall.
Learning how to buy U.S. Dollar Tether tokens (USDT) is the next level move for investors ready to go beyond Bitcoin and consider other options. Why is that? It’s because it is a stablecoin. It’s designed to offer crypto investors a safe haven from the volatility of the open market without having to trade their Bitcoin or altcoins back into their national currency.
More Canadians are entering the world of Bitcoin, and that’s great for Bitcoin adoption, but more importantly, it’s great for Canadians’ wealth in the long-run. That said, those just getting started deserve more than their fair share of empathy as learning the basics of how to buy Bitcoin in this country can certainly be overwhelming for somebody who is still new to the layout of the Bitcoin landscape.
The beauty of digital gold and all of the altcoins arriving on the scene nowadays is that they are completely borderless. They can be spent anywhere by anybody without fear of censorship or restrictions. As crypto adoption continues to spread across the globe, the number of options for spending Bitcoin will continue increasing exponentially.
The essence of Bitcoin existed centuries ago. The Rai stone of the Yap island (now known as the Federated States of Micronesia) was a form of money from centuries ago that most resembles Bitcoin. The success of these stones as a form of money lasted for centuries because the Yapese understood a basic economic concept most of us don’t: when money becomes easy to produce it loses value and eventually its role as money.