You probably have not thought in 2009 that one day in future you would be watching television and listening to many financial experts on news channels talking about Bitcoin (BTC). Cryptocurrency has come a long way and particularly Bitcoin in the past few years.
With time, BTC has become the world’s largest cryptocurrency by market capitalization, thanks to its positive adaption and profitability. Global leaders across the globe have labelled Bitcoin as the best alternative to fiat or traditional currency.
But why has BTC become so important that everyone wants to buy it?
Bitcoin is a revolution in the financial market and has shown the potential of changing it. With its multiple benefits, customers around the world are putting faith in BTC more than ever.
Let us find out why you should not miss the opportunity of investing in Bitcoin.
Understanding Bitcoin
Bitcoin can be described as a first-generation cryptocurrency that was launched in 2009 by an unknown person or a group of people using the name Satoshi Nakamoto. At that time, financial experts did not take BTC seriously since it was traded for mere cents and was expected to become a failure.
Fast forward to 2022, Bitcoin is a revolution and many investors are investing in it to secure their wealth and make handsome profits. The value of BTC has increased remarkably and many have made millions of dollars with it.
Bitcoin can be defined as a digital or virtual currency that exists on blockchain technology. The digital currency is protected by cryptography and its higher hash rate makes it the most secure asset.
You can start investing in Bitcoin through a crypto exchange like Coinbase, Binance, and more. In addition, there are other ways to buy BTC including investing in a crypto fund, NFTs, etc.
Carl Runefelt, alias, The Moon, is a global crypto leader who is pushing for the mass adoption of Bitcoin.
He believes, “Bitcoin is the best form of money that humans have ever had available to them, and this is our opportunity to buy something that is going to be massive in the future and it’s still actually very cheap. I would say as long as Bitcoin is below 100,000, it’s still very cheap and I am accumulating.”
Revolutionary Impacts of Bitcoin
An investor aims to make good money and enjoy multiple benefits when he is looking to invest money. This is something comprehensively ensured by Bitcoin to its investors.
Here are some of the revolutionary impacts of Bitcoin.
Inflation Protection
People can sit across television screens the whole day listening to multiple financial challenges posed by the existing financial system. But isn’t it worth you should look out for an asset which offers better protection and profits?
Inflation is a challenge faced by humanity since the beginning of banks and paper money. With time, it has become difficult for experts to come up with a good solution to inflation.
Every cryptocurrency at the time of its launch is released with a fixed amount and so is Bitcoin. The protocols of BTC are designed in a way that only its limited number can be traded to ensure inflation protection.
Self-governance
Isn’t its something revolutionary that offers you complete ownership of your wealth?
Well, with Bitcoin, you are the sole owner and manager of your wealth.
Since BTC is a decentralized currency that is free from any regulations of a financial intermediary like a bank or government, you can freely use it the way you want.
Carl, on his YouTube channel, The Moon, says, “Obviously, gold is also extremely safe. But I would say that Bitcoin is safer because of course, it’s online no one can just steal it or hack it. Gold, it is actually a little bit risky to keep it because it is so easy for someone to just break in and steal it. Bitcoin is harder, so in times of uncertainty, I think Bitcoin is going to prove to be very strong.”
Quick Transaction
Delays and higher fees in bank transactions are real issues faced by many people across communities. Bitcoin offers an alternative to everyone and freedom from such inconveniences.
BTC is a digital currency that is working 24/7, thanks to blockchain technology. You can make a quick cross-border payment with Bitcoin within seconds.
In addition, the fees with Bitcoin transactions are significantly lower than bank transfers which can save you a lot of your hard-earned money.
Conclusion
Bitcoin has withstood the test of time and its investments are increasing with each passing day.
Many investors find it a blessing to invest in BTC when its value falls as they know that its value will rise soon.
So, it is in your hands whether you want to be part of the Bitcoin revolution and become the next millionaire or even billionaire or still want to face the challenges posed by the traditional financial system.
