--- title: "Meaning & Key Takeaway of: For people who invest in bitcoin, the…" description: "\"For people who invest in bitcoin, the allure is precisely that: It's not backed by a central government. So it's not manipulatable by central governmen..." image: "https://sms4smile.com/quotes/i/95c/francis-x-suarez-5945_bitcoin_for-people-who-invest-in-bitcoin-the-all_1565615.jpg" --- # For people who invest in bitcoin, the allure is precisely… ![“For people who invest in bitcoin, the allure is precisely that: It's not backed by a central government. So it's not manipulatable by central government.” quote by Francis X. Suarez](https://sms4smile.com/quotes/i/95c/francis-x-suarez-5945_bitcoin_for-people-who-invest-in-bitcoin-the-all_1565615.jpg) [Download](https://sms4smile.com/quotes/i/95c/francis-x-suarez-5945_bitcoin_for-people-who-invest-in-bitcoin-the-all_1565615.jpg) [Open image](https://sms4smile.com/quotes/i/95c/francis-x-suarez-5945_bitcoin_for-people-who-invest-in-bitcoin-the-all_1565615.jpg) > “For people who invest in bitcoin, the allure is precisely that: It's not backed by a central government. So it's not manipulatable by central government.” [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Investors are drawn to Bitcoin because it operates outside government control, making it resistant to political manipulation. **In simple terms:** Bitcoin’s appeal is its independence from governments. Key Takeaway Value decentralization and avoid central authority. Themes decentralization finance politics risk innovation Mood cautious optimistic Type financial strategic When to use this quote - investment decisions - portfolio diversification - political risk management - financial education Key Concepts cryptocurrency monetary sovereignty trustlessness Questions to Reflect On - How does lack of central backing affect your risk tolerance? - Do you trust technology more than institutions? A Different Perspective Government policies can still affect Bitcoin indirectly through regulation. ★ ★ ★ ★ ★ No ratings yet [Bitcoin](https://sms4smile.com/quotes/about/bitcoin/) [Bitcoin Allure](https://sms4smile.com/quotes/about/bitcoin-allure-5882286/) [Central government](https://sms4smile.com/quotes/about/central-government/) [Currency](https://sms4smile.com/quotes/about/currency/) [Government](https://sms4smile.com/quotes/about/government/) [Government Manipulatable](https://sms4smile.com/quotes/about/government-manipulatable-5882287/) [Invest](https://sms4smile.com/quotes/about/invest/) [Invest Bitcoin](https://sms4smile.com/quotes/about/invest-bitcoin-5882285/) [People](https://sms4smile.com/quotes/about/people/) [People Invest](https://sms4smile.com/quotes/about/people-invest-351507/) [Politics](https://sms4smile.com/quotes/about/politics/) [Who](https://sms4smile.com/quotes/about/who/) ## Related quotes > [Just as it got easier to use email, it will be easier to use Bitcoin as people invest in it and become more familiar…](https://sms4smile.com/quotes/gavin-andresen/just-as-it-got-easier-to-use-email-it-will-be-easier-to-use-bitcoin/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [I'm excited about the fact that our city has differentiated itself as a crypto capital and as a bitcoin capital.](https://sms4smile.com/quotes/francis-x-suarez/i-m-excited-about-the-fact-that-our-city-has-differentiated-itself-as/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [We're going to be the first city in America to give a Bitcoin yield as a dividend directly to its residents.](https://sms4smile.com/quotes/francis-x-suarez/we-re-going-to-be-the-first-city-in-america-to-give-a-bitcoin-yield/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [We need for people to understand that... yes, we want you to hold bitcoin but we also want to increase the utility of bitcoin.](https://sms4smile.com/quotes/francis-x-suarez/we-need-for-people-to-understand-that-yes-we-want-you-to-hold-bitcoin/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [I want to make Miami the 'capitol of capital' and that includes Bitcoin.](https://sms4smile.com/quotes/francis-x-suarez/i-want-to-make-miami-the-capitol-of-capital-and-that-includes-bitcoin/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [I firmly believe that when and if Amazon and or Apple adopts bitcoin as a payment structure the dam will essentially break because at…](https://sms4smile.com/quotes/francis-x-suarez/i-firmly-believe-that-when-and-if-amazon-and-or-apple-adopts-bitcoin/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [We're going to create digital wallets for our residents, and we're going to give them Bitcoin directly from the yield of MiamiCoin.](https://sms4smile.com/quotes/francis-x-suarez/we-re-going-to-create-digital-wallets-for-our-residents-and-we-re/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [When China shuts down Bitcoin mining or Bitcoin generally, that's a huge strategic opportunity for the United States and that's something that we as…](https://sms4smile.com/quotes/francis-x-suarez/when-china-shuts-down-bitcoin-mining-or-bitcoin-generally-that-s-a/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [We're trying to create a comprehensive Bitcoin and crypto ecosystem so that we can grab the mantle of the most crypto-friendly city in the…](https://sms4smile.com/quotes/francis-x-suarez/we-re-trying-to-create-a-comprehensive-bitcoin-and-crypto-ecosystem/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [I think, more than anything, Bitcoin presents an opportunity.](https://sms4smile.com/quotes/francis-x-suarez/i-think-more-than-anything-bitcoin-presents-an-opportunity/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [“Most people do not invest their time because they do not see need to do that.”](https://sms4smile.com/quotes/sunday-adelaja/most-people-do-not-invest-their-time-because-they-do-not-see-need-to/) [Sunday Adelaja](https://sms4smile.com/quotes/author/sunday-adelaja/) > [Rich people invest money and poor people spend it.](https://sms4smile.com/quotes/grant-cardone/rich-people-invest-money-and-poor-people-spend-it/) [Grant Cardone](https://sms4smile.com/quotes/author/grant-cardone/) > [ \[The American people\] would rather invest in themselves than listen to a bunch of people in Washington who do not have a record of… ](https://sms4smile.com/quotes/rush-limbaugh/the-american-people-would-rather-invest-in-themselves-than-listen-to/) [Rush Limbaugh](https://sms4smile.com/quotes/author/rush-limbaugh/) > [The more you know about your country, your people, you invest better in your craft.](https://sms4smile.com/quotes/ayushmann-khurrana/the-more-you-know-about-your-country-your-people-you-invest-better-in/) [Ayushmann Khurrana](https://sms4smile.com/quotes/author/ayushmann-khurrana/) > [India should emerge as a destination that attracts people to invest here, which, in turn, will give a boost to investment, industrial growth and…](https://sms4smile.com/quotes/anurag-thakur/india-should-emerge-as-a-destination-that-attracts-people-to-invest/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) ## More by Francis X. Suarez > [I don't know another way to try to deal with income inequality than actually having entrepreneurs and inventors creating the kind of jobs that…](https://sms4smile.com/quotes/francis-x-suarez/i-don-t-know-another-way-to-try-to-deal-with-income-inequality-than/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [The reality is, we're seeing these more intense events, we're seeing these mega-hurricanes. Nobody's disputing that and nobody thinks that's a Democrat or Republican…](https://sms4smile.com/quotes/francis-x-suarez/the-reality-is-we-re-seeing-these-more-intense-events-we-re-seeing/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [It doesn't surprise me at all that a Treasury secretary would find a decentralized potential currency... to be hostile to a currency that they…](https://sms4smile.com/quotes/francis-x-suarez/it-doesn-t-surprise-me-at-all-that-a-treasury-secretary-would-find-a/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [There's a lot of people that will take the path of least resistance not to do something if a leader that they look up…](https://sms4smile.com/quotes/francis-x-suarez/there-s-a-lot-of-people-that-will-take-the-path-of-least-resistance/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [The coronavirus has paralyzed the world in a way most of us have never seen in our lifetime. It's chilling.](https://sms4smile.com/quotes/francis-x-suarez/the-coronavirus-has-paralyzed-the-world-in-a-way-most-of-us-have/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [My job as a mayor is to look 10, 15, 20 years into the future and think not just about my generation, but about…](https://sms4smile.com/quotes/francis-x-suarez/my-job-as-a-mayor-is-to-look-10-15-20-years-into-the-future-and-think/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [All the Cuban government wants to do - and all it's demonstrated to the world - is that they want a repressive, authoritarian control;…](https://sms4smile.com/quotes/francis-x-suarez/all-the-cuban-government-wants-to-do-and-all-it-s-demonstrated-to-the/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [I realized that there are two choices in life: one can be part of the solution or one can complain about the things they…](https://sms4smile.com/quotes/francis-x-suarez/i-realized-that-there-are-two-choices-in-life-one-can-be-part-of-the/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [I've never been shy about big ideas.](https://sms4smile.com/quotes/francis-x-suarez/i-ve-never-been-shy-about-big-ideas/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [I think, more than anything, Bitcoin presents an opportunity.](https://sms4smile.com/quotes/francis-x-suarez/i-think-more-than-anything-bitcoin-presents-an-opportunity/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [We're trying to create a comprehensive Bitcoin and crypto ecosystem so that we can grab the mantle of the most crypto-friendly city in the…](https://sms4smile.com/quotes/francis-x-suarez/we-re-trying-to-create-a-comprehensive-bitcoin-and-crypto-ecosystem/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [Invest more in policing, not less.](https://sms4smile.com/quotes/francis-x-suarez/invest-more-in-policing-not-less/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [The one constant in politics is change and things that are happening today are not happening tomorrow.](https://sms4smile.com/quotes/francis-x-suarez/the-one-constant-in-politics-is-change-and-things-that-are-happening/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [When you try to do things outside of the box, you run risks.](https://sms4smile.com/quotes/francis-x-suarez/when-you-try-to-do-things-outside-of-the-box-you-run-risks/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [Now, with Covid, I've realized that the entirety of government can be virtual. You can get to a point where you never have to…](https://sms4smile.com/quotes/francis-x-suarez/now-with-covid-i-ve-realized-that-the-entirety-of-government-can-be/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) [Explore all 100 Francis X. Suarez quotes ](https://sms4smile.com/quotes/author/francis-x-suarez/) ## More Bitcoin quotes > [The bitcoin network is not a payments network and it is not a scaling network.](https://sms4smile.com/quotes/sam-bankman-fried/the-bitcoin-network-is-not-a-payments-network-and-it-is-not-a-scaling/) [Sam Bankman-Fried](https://sms4smile.com/quotes/author/sam-bankman-fried/) > [I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be…](https://sms4smile.com/quotes/brad-garlinghouse/i-had-been-exposed-to-bitcoin-early-i-thought-the-consumer/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the…](https://sms4smile.com/quotes/steve-hanke/in-2008-bitcoin-was-mysteriously-introduced-to-the-world-in-an/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) > [We need to come up with use cases for this technology that drive clear benefits for individuals and institutions - these are our customers.…](https://sms4smile.com/quotes/abigail-johnson/we-need-to-come-up-with-use-cases-for-this-technology-that-drive/) [Abigail Johnson](https://sms4smile.com/quotes/author/abigail-johnson/) > [Sir Richard Branson started out as a small business owner and now owns a conglomerate that will give you a ride to the moon.…](https://sms4smile.com/quotes/perianne-boring/sir-richard-branson-started-out-as-a-small-business-owner-and-now/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Exchanging bitcoin on behalf of ransomware victims should not be construed as criminal activity by the exchanger, not as a matter of law nor…](https://sms4smile.com/quotes/perianne-boring/exchanging-bitcoin-on-behalf-of-ransomware-victims-should-not-be/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in…](https://sms4smile.com/quotes/gavin-andresen/until-part-of-your-paycheck-is-regularly-paid-in-bitcoin-i-m-not-sure/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [Calling bitcoin volatile - it's a non-statement. Unregulated assets with unclear regulatory landscapes are always going to be volatile. That's what unregulated assets do.](https://sms4smile.com/quotes/tyler-winklevoss/calling-bitcoin-volatile-it-s-a-non-statement-unregulated-assets-with/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [We see bitcoin as potentially the greatest social network of all.](https://sms4smile.com/quotes/tyler-winklevoss/we-see-bitcoin-as-potentially-the-greatest-social-network-of-all/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [As the platform and protocol become more ingrained in society, get built into products and services, and basically become more of the mesh of…](https://sms4smile.com/quotes/barry-silbert/as-the-platform-and-protocol-become-more-ingrained-in-society-get/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted.](https://sms4smile.com/quotes/andreas-antonopoulos/bitcoin-is-not-unregulated-it-is-regulated-by-algorithm-instead-of/) [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) > [The rudest possible gift is a gift card. It means you think the person is stupid and has no interests. The only good gift…](https://sms4smile.com/quotes/john-waters/the-rudest-possible-gift-is-a-gift-card-it-means-you-think-the-person/) [John Waters](https://sms4smile.com/quotes/author/john-waters/) > [If the U.S. government tries to restrict or clamp down, that just means there will be many more bitcoin businesses in Hong Kong and…](https://sms4smile.com/quotes/roger-ver/if-the-u-s-government-tries-to-restrict-or-clamp-down-that-just-means/) [Roger Ver](https://sms4smile.com/quotes/author/roger-ver/) > [What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really…](https://sms4smile.com/quotes/adam-draper/what-bitcoin-does-better-than-the-current-financial-system-is-it-s-a/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn…](https://sms4smile.com/quotes/gavin-andresen/you-really-want-some-natural-way-for-people-to-get-bitcoins-as-part/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) [Browse all 364 Bitcoin quotes ](https://sms4smile.com/quotes/about/bitcoin/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "For people who invest in bitcoin, the allure is precisely that: It's not backed by a central government. So it's not manipulatable by central government.", "creator": { "@type": "Person", "name": "Francis X. Suarez" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/francis-x-suarez/for-people-who-invest-in-bitcoin-the-allure-is-precisely-that-it-s/", "about": { "@type": "Thing", "name": "Bitcoin" }, "@id": "https://sms4smile.com/quotes/francis-x-suarez/for-people-who-invest-in-bitcoin-the-allure-is-precisely-that-it-s/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/95c/francis-x-suarez-5945_bitcoin_for-people-who-invest-in-bitcoin-the-all_1565615.jpg", "contentUrl": "https://sms4smile.com/quotes/i/95c/francis-x-suarez-5945_bitcoin_for-people-who-invest-in-bitcoin-the-all_1565615.jpg", "url": "https://sms4smile.com/quotes/i/95c/francis-x-suarez-5945_bitcoin_for-people-who-invest-in-bitcoin-the-all_1565615.jpg", "width": 1080, "height": 1080, "caption": "“For people who invest in bitcoin, the allure is precisely that: It's not backed by a central government. So…” — Francis X. Suarez", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Francis X. Suarez", "item": "https://sms4smile.com/quotes/author/francis-x-suarez/" }, { "@type": "ListItem", "position": 4, "name": "For people who invest in bitcoin,...", "item": "https://sms4smile.com/quotes/francis-x-suarez/for-people-who-invest-in-bitcoin-the-allure-is-precisely-that-it-s/" } ], "@id": "https://sms4smile.com/quotes/francis-x-suarez/for-people-who-invest-in-bitcoin-the-allure-is-precisely-that-it-s/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```