5 Monumental Reasons why the Digital Economy/Universe will grow and why you need to embrace it

Scott Debevic
8 min readFeb 17, 2022
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I’ve got a friend, Eric, who invests a lot in businesses and real estate. Eric is extremely good with numbers and thinking outside of the box. He is successful on most of his ventures: he owns dozens of properties, multiple businesses, and lives a comfortable life in a nice house with a fancy car. Recently, Eric sent me a TikTok video where a young man is discussing how he is purchasing a house for 1/2 price by using crypto.

Like any good friend, I clicked on the video. Effectively, the Tik Tokker is taking half the price of the home and staking the equivalent UST for 19.5% APY on Anchor protocol. I explained to Eric that the math is correct, that 19.5% APY is possible on stablecoins, and that in crypto the platform has been around for a while (almost an entire year).

I offered to show Eric how to do this and explained that risk is involved (as with any other crypto investment) with Anchor protocol and that it would take a few hours for me to teach him how to use DeFi. Or, if he wants to earn 8.5% on stablecoins, he can take 20 minutes and set up an account on Celsius. Eric seemed more comfortable with this idea and said that he’d try out Celsius.

Did I mention Eric has a lot of money? He is now dabbling into the world of crypto and is entering non-traditional finance and the digital economy. Do you think if Eric starts earning 8.5% interest when he is used to earning less than 1% interest in the bank that Eric may move more of his traditional money into the digital realm? I do.

And I speak from experience. For the past 18 months, I have been transitioning my traditional money/savings/earnings into digital. Every day the case to move to digital gets stronger. Here are 5 reasons why you need to take a closer look at the digital economy and digital universe.

Reason #1- Finances

Traditional finance isn’t efficient. It’s slow, labor-intensive, rife with counterparty risk, and filled with cronies getting fat on fees that hurt the most oppressed people. The digital economy is about creating a global economy built on science, rules, and planning. It embodies speed, transparency, and provides an opportunity for anyone willing to embrace it.

Scott Debevic

My goal is growing wealth and earning passive income. Mainly focused on Bitcoin and crypto. Feel free to contact me at: scottdebevic@gmail.com