--- title: "Why Bitcoin Exists - Swan Bitcoin" description: "Bitcoin was not created so that some people could “get rich quick.” It was created to preserve the integrity of money — to make the most of your precious time, your energy, and your life." url: https://www.swanbitcoin.com/education/why-bitcoin-exists/ --- # Why Bitcoin Exists - Swan Bitcoin Bitcoin was not created so that some people could “get rich quick.” It was created to preserve the integrity of money — to make the most of your precious time, your energy, and your life. --- **Tomer Strolight** · January 24, 2023 · Updated July 3, 2024 *This article is the first chapter from the book "*[*Why Bitcoin?*](https://www.swanbitcoin.com/whybitcoin/)*"* ## What is the Purpose of Bitcoin?  Why did anyone bother to create Bitcoin? What problems were they trying to solve?  If you are new to the whole idea of a digital asset involving the mysterious field of cryptography, *these* are some questions that probably come to your mind.  Before you get caught up in asking if you can *“get rich quick”* from Bitcoin, you should be asking if it has a *deeper* purpose.  Bitcoin was *created* to serve a very *specific* purpose. If it did not serve that purpose, it would not be worth anything. Fortunately, it does. And, it was carefully and meticulously *engineered* to serve it *precisely*.  Bitcoin’s purpose is to provide reliable money that will serve all mankind — *forever.* That is a pretty lofty goal: [serving all of mankind](https://www.swanbitcoin.com/bitcoin-is-for-everyone/), forever!  ## Was There Even a Problem in the First Place?  *Is* our money *unreliable? Does* it really *fail* to serve all mankind? *Are* its days numbered?  The sad fact is that the answer to all these questions is *“Yes!”*  First, our money *is* unreliable: it [*loses* its purchasing power through inflation](https://www.swanbitcoin.com/bitcoin-and-the-true-meaning-of-inflation/). We also experience *volatile* economic cycles that *destroy* capital, jobs, wealth, and stability.  Next, our money does not serve *all* mankind — many middlemen charge *excessive* fees to store and send our money. It is expensive to use internationally since converting it to other currencies is costly. Many people in the world lack *any* access to reliable banking. Our money system serves *elites* far better than it serves *ordinary* people.  Finally, our money system is *doomed* to collapse. Currencies *world-wide* are rapidly losing purchasing power. In fact, throughout history, paper money *decreed* into existence by governments has failed every time that it has been implemented.  And sadly, we cannot turn back the clock and go back to a time when *gold* was money. Gold is simply not *secure* from seizure, and it is far too *slow, difficult* and *expensive* to transport in a global economy.  ## Bitcoin Fixes This Bitcoin was created through an ingenious and unprecedented combination of technologies. It provides, for the first time ever, money that is *reliable,* that serves *all* mankind, and that will last *forever.*  *Nothing* like this has *ever* existed before.  Bitcoin is free from inflation — its supply will *never* exceed 21 million coins. Each coin is divisible into 100 million units called satoshis. These will be issued on a fixed, unalterable schedule — taking over 100 years.  Bitcoin is for *all* mankind — there are *no* elites who can manipulate it. Unlike the currencies of our present money, nobody can create bitcoins effortlessly for themselves.  Nobody can be *prevented* from using Bitcoin — it will not *allow* anybody to stop someone else from using it.  Finally, Bitcoin is *forever —* its operation depends solely on the laws of physics and mathematics, and these laws will stay in effect *— unaltered —* for as long as the Universe exists.  Bitcoin was *not* created so that some people could *“get rich quick”.* It was created to preserve the *integrity of money* — to make the most of your precious time, your energy, and your life.  With Bitcoin you can [*keep* what you have earned](https://www.swanbitcoin.com/bitcoin-is-the-future-of-money-not-just-another-cryptocurrency/) — and use it however, whenever, and wherever you desire.  To *you,* Bitcoin is reliable money that can serve *you* for the rest of *your* life — and it offers you an escape from being the victim of an unjust, broken, dying, and failing monetary system.  ## Tomer Strolight Tomer Strolight is Editor-in-Chief at Swan Bitcoin. He completed bachelors and masters degrees at Toronto’s Schulich School of Business. Tomer spent 25 years operating businesses in digital media and private equity before turning his attention full time to Bitcoin. Tomer wrote the book “Why Bitcoin?” a collection of 27 short articles each explaining a different facet of this revolutionary new monetary system. Tomer also wrote and narrated the short film “[Bitcoin Is Generational Wealth](https://www.youtube.com/watch?v=3Rnqst5qCgA&ab_channel=SwanSignal-ABitcoinChannel)”. He has appeared on many Bitcoin podcasts including What Bitcoin Did, The Stephan Livera Podcast, Bitcoin Rapid Fire, Twice Bitten, the Bitcoin Matrix and many more.