Most people are well aware that building wealth is an advantage in considering the future, which is always uncertain. Historically, the idea of saving was born out of the need to plan for future needs, whatever they may be. Today, saving is part of our daily lives. More than 82% Young French people have opened a Livret A and save an average of 204 euros per month. Nationwide, it's over 66.8 billion euros deposited in savings accounts in 2020.
Unfortunately, the current economy is fuelled by unprecedented monetary policies that continue to accelerate inflation and cause prices to rise. A so-called “stable” inflation of 2% over 30 years halves your purchasing power over the same period. However, we know very well that inflation is much higher in some categories — the price of real estate has almost doubled in just 10 years. In contrast, the minimum wage (SMIC) has only increased by 14% over the same period. The creation of new euros by the European Central Bank (increase in the money supply by the ECB) dilutes the purchasing power of our euros in our Livret A or other savings account. So we are always working harder to save more with a purchasing power that is constantly decreasing. A spiral of economic debt that looks funny like an endless walk on a treadmill.
As Satoshi Nakamoto, the creator of Bitcoin, already pointed out to us in 2009:
The fundamental problem with conventional money is all the trust that is needed for it to work. You have to trust the central bank not to devalue the currency, but the history of fiat currencies is full of breaches of that trust.
So how can we as individuals get out of this paradigm?
Our mission : help you finance your life goals with a bitcoin savings solution.
Why Bitcoin?
Since 2009, Bitcoin has emerged as a new financial alternative and store of value. Regardless of the profession, social background or age of each person, Bitcoin offers the opportunity to participate in a financial system where the rules of the game are the same for everyone. A quantity limited to 21 million units. This characteristic allows millions of people to obtain an absolute guarantee that the currency will not be devalued and thus protect their savings. Anyone in the world can connect to the network and send transactions to anyone anywhere. Anyone can also independently and easily validate the currency's supply as well as the ownership of each Bitcoin address. Imagine a global economy where billions of people in every corner of the planet can transact on a common decentralized network, without any errors and without the coordination of a central entity.
Our commitment
At Bitstack, we believe that anyone can reach their financial goals. Whether it is to create wealth, finance a real estate project, prepare for the future of their children or their retirement, everyone should be able to finance their projects, and sometimes all it takes is a little help! So we created Bitstack, an application that aims to make saving in Bitcoin simple, fun and accessible to everyone. How it works: when you pay for your coffee at €2.60, Bitstack automatically rounds up the amount to the next euro (€3.00) and saves the difference (€0.40) in bitcoin. Bitstack meets our own needs but also those of millions of other people: saving effortlessly while protecting your savings over time. Everything we do we do with our users in mind. Bitcoin is inclusive and so it is important that our product is inclusive as well. We work tirelessly to follow Bitcoin best practices to enable everyone to take control of their money. We are committed to offering you simple and transparent pricing. Bitstack is and will remain a 100% Bitcoin solution.
Democratizing access to Bitcoin is essential for wealth creation and economic freedom. Bitcoin is synonymous with sound money, protection against corruption, and voting for freedom. We are committed to never forgetting the key values of tomorrow's currency. Join us in making Bitcoin the real savings solution preferred by French people, Europeans and tomorrow around the world.
