Insights

The Future of wealth management is with Bitcoin

By Kyle Smith

2 September 2023 • 4 min read

Announcing: Florin21

Hi, my name is Kyle and I am the Managing Director of Florin21. Florin21 is a new Bitcoin consultancy business that was founded in 2023 and is based in Newry, Northern Ireland. We offer a wide range of services to help Corporations, HNWIs and Family Offices get started with Bitcoin. Our services include the following:

  • Bitcoin education and market analysis
  • Strategic planning
  • Adding Bitcoin to your company balance sheet
  • Secure offline wallet set-up
  • Inheritance planning
  • Adding Bitcoin payment systems
  • Bitcoin node set-up

How did we come up with the name?

I hope you like a bit of monetary history! Introduced in Florence in 1252, the gold Florin coin set a definitive standard for currencies across the Mediterranean for three centuries due to the fact that it had no significant change in its design or metal content standard during that time. Remaining 97% gold without being devalued or reminted. At its inception the value of the Florin was equal to the Lira 1:1, but by the year 1500 the florin had appreciated, seven Lira amounted to one Florin 7:1. People that saved in the Florin preserved and grew their wealth exponentially.

Its unparalleled consistency and dependable quality sparked an era of human advancement that paved the way to the Renaissance.

The grandeur of the Duomo serves as an ideal example of the architectural wonders made possible by the financial stability provided by the hard money Florin. Its influence was manifested in several significant ways:

  • Stability: With the Florin, came a robust economy, enabling city-states and affluent individuals to fund monumental architectural feats.
  • Trade: Accepted widely, the Florin nurtured trade, bolstering wealth which was often invested in prestigious edifices, reflecting the might and glory of the patrons.
  • Patronage: The prosperity from stable economy and trade fostered the patronage of arts and architecture. Wealthy dynasties like the Medici commissioned splendid works, igniting the Renaissance.
  • Innovation: The Florin indirectly spurred architectural innovation. Architects, driven by available wealth, pushed boundaries, crafting iconic Renaissance masterpieces.
  • Urban Development: Florence’s affluence allowed not just for singular structures, but the revamp of entire city sections.

In the second half of the thirteenth century and the first part of the fourteenth century the Florentine Florin rose to become the equivalent of the modern day Dollar in international trade.

As often happens in currencies, the Florin was unable to dodge the pitfalls of success. Foreign governments minted Florin imitations from lighter metal, and at the beginning of the fifteenth century Florence minted Florins of a lighter weight. The debasement of coinage, which is the practice of reducing the amount of precious metal in coins, led to inflation, which is a general increase in prices. This is similar to how an increase in the money supply can lead to inflation in today’s world. Fiat currencies are being devalued at an alarming rate due to inflation. Currently Argentina’s inflation rate is 110%+ and Turkey’s is 45%+.

The benefits of having an unchanging hard money like the Florin catalysed a prosperous Florence; we believe that a Bitcoin standard could likewise unlock a world where stability, trade, and innovation flourish for all.

Bitcoin has a finite supply of 21 million. This will never change. It is hard coded and protected by the strongest network on the planet. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. This makes Bitcoin transactions secure and transparent.

Why Choose Florin21?

We consist of highly skilled and educated software, fintech, and Bitcoin professionals who offer a wide range of high-value support and guidance services to assist you. We are passionate about Bitcoin and we are committed to helping our clients succeed. We offer a personalised approach to consulting and we are always available to answer your questions.

Florin21 is committed to helping Corporations, HNWIs and Family Offices get started with Bitcoin and to make the most of this exciting new technology.

What We Can Do For You

Florin21 is here to help you meet your goals. We will listen to your needs and provide you with tailored solutions. We partner with you to create a bespoke plan that meets your specific needs. Our experts provide insights and advice to help you make informed decisions and stay on track. We provide support in implementing your plan and making necessary adjustments to make sure you are on track to reach your goals. We help you explore new opportunities and stay ahead of the curve, offering ongoing guidance and support to help you achieve your goals and maximise your success. We can invest in your business by adding Bitcoin to your balance sheet. This would give your business the opportunity to grow by holding the best performing asset of the last decade on your balance sheet.

What’s next?

Bitcoin is a powerful technology with the potential to revolutionise the way we think about money. Currently there are roughly $900 trillion in assets in the world, this number will increase infinitely. We believe that Bitcoin will capture a lot of this value over the long term.

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