The story of Bitcoin has the Uranus square Pluto story written all over it. Pluto entered Capricorn in 2008 and began to turn the structures of our life (Capricorn) upside down, tearing down our economy so that it can be rebuilt. Of course our economy didn’t actually break down and it’s not being rebuilt in a healthier way. In fact, things are progressing pretty much as they did before the Great Recession which means that we are heading for ANOTHER breakdown. If a tornado (Pluto) tears down your home because it sits on a weak foundation (Capricorn), and you rebuild your house the exact same way, you can’t really expect a different result. Uranus represents new ways of doing things, and it also represents technology.
Uranus is in Aries right now where it is radicalizing individuals and forging fresh new ways of innovating our society. Because it is in a challenging aspect to Pluto in Capricorn right now, these fresh new ways are challenging the old ways and potentially leading us to radically different forms of business entities, family structures, and money.
One such radically different forms is the Bitcoin, a form of currency that lives exclusively on the Internet. There are no actual coins, and the value of the Bitcoin isn’t tied to anything tangible. It isn’t administered by any state or nation (Capricorn). It is a purely Uranian form of currency. It’s an interesting “coincidence” that Bitcoin was originally conceived in 2008 when Pluto entered Capricorn. But its use as actual currency didn’t begin until Uranus entered Aries in 2010 and began the square to Capricorn. Of course, our whole financial system is not that different from Bitcoin. In our family we hardly ever see any real currency. Our salary is automatically deposited into our account. Our bills are automatically drafted. We pay for everything with a credit card and then pay the credit card every month online from our bank account. Our financial world is already on the Internet. The fact is, as the Onion pointed,out, “money is, in fact, just a meaningless and intangible social construct.” At one time our currency was actually tied to gold and silver, and the dollar bills were a representation of a tangible currency that had intrinsic value. But in today’s world, money is just an idea – an agreement that something has value.
On March 18 of this year a division of the US Treasury, the Financial Crimes Enforcement Network, attempted to assert control (Pluto in Capricorn) over this independent currency (Uranus in Aries), something that Bitcoin is resisting. Meanwhile, the aggregate value of Bitcoin is now somewhere around $1 billion and the currency is in somewhat of a bubble. Hedge fund investors are seeking out Bitcoin plays. When the financial establishment (Pluto in Capricorn) takes ownership of Bitcoin (Uranus in Aries), the currency will lose its anti-establishment qualities and become a part of the stodgy status quo. This will help Bitcoin to succeed as a market currency, but at the cost of losing its independence – the classic Aries/Capricorn dilemma.
Very interesting and well-written article, Lynn. I have heard of Bitcoin, but you explained it so nicely with our old nemeses Uranus and Pluto. Actually, the world needs the dredging up of secrets and Aries outrage over how the world economy is being run.
What do you think of the coming May 10 solar eclipse near our natal Jupiter (19 Taurus)? (We share that same degree, BTW). I’m pretty psyched about Jupiter in Gemini too, now that it is moving ahead towards a Trine with my Moon and Sun. Hope it helps you as well!
Thanks again for your insight.
It’s a little complicated for me Greg, because that Jupiter opposes my Scorpio Venus and squares my Moon/Pluto. So it is likely to be an interesting ride, but then everything is these days. :)
I see, after checking the ephemeris for our month and year. Venus and the moon moved on a lot between our births, close as they are. I got the Venus square Pluto package, and it was new moon. My Sag ascendant keeps me looking up most of the time. Have a lovely eclipse this week! ;-)
I’m sorry Lucy, I have had some personal issues which you can read about on the posts from January and February and I lost my voice briefly. I seem to have it back and will try to get something out in the next few days.
Lynn: I wanted to take a minute to say thank you for all that you do to share this information with us. You really do help put this crazy world into a perspective that is easily understandable.
I hope that you continue to take the time necessary to heal from your loss and all of the pain and suffering that bubbles up when losing a parent – even more so when it is a dysfunctional one (aren’t they all). I am sending you love and many blessings. I believe the universe will restore you to be better than you have ever been before.
Much love.
Julia
Thank you Julia!
Lynn: Thank you for your article on Bitcoin. It is interesting that you say that the ‘establishment’ will take it over. I am sure this is possible, as they would not like any systems operating outside of their control.
Do you think that Bitcoin would still be a worthwhile investment in the event that the world’s economies went through any major upheaval? .. or is there no currency (or precious metal) that may be immune from that?
Thanks, Ian
[…] can be easily transformed with technological and ideological changes. The introduction of Bitcoin, a currency which was not controlled by any governmental body and introduced in 2009 just after […]