Bitcoin or Traditional Currency – Choose Wisely
Bitcoin (BTC) was launched in 2009 and many were unaware of its concept. People were accustomed to Fiat transactions and using a digital currency for daily usage was an alien concept.
But things have quite changed since then as many investors around the world have invested in Bitcoin. The concept of using conventional currency is changing with time due to the rising acceptance of BTC.
Bitcoin has withstood the test of time and come a long way. Today, Bitcoin is the largest cryptocurrency by market capitalization, thanks to its positive adoption and profitability.
Financial experts believe you should be careful about your next investment, and they prefer Bitcoin over anything else.
Let us find out why Bitcoin should be your priority over traditional currencies.
Technological innovations have also changed the outlook of financial markets around the world. People are now more interested in easy ways of using money, instead of wasting time over lengthy bank procedures.
They are becoming more careful about avoiding losing money to big corporations and banks that charge unimaginable fees. This change of mindset has largely been propagated by cryptocurrencies, particularly Bitcoin.
Bitcoin is a digital or virtual currency that is supported by blockchain technology and has no physical presence. The transactions of BTC are recorded online where they can be accessed at any time.
One of the remarkable characteristics of Bitcoin is its decentralization which means neither a bank nor any government can interfere with your wealth. You are the sole owner and manager of your wealth with BTC.
However, when it comes to conventional currencies, you seem to have no right over your wealth and a bank can use it anyway. Furthermore, you are being targeted for loans, interest rates, and other horrific financial policies which suck your money.
Bitcoin offers you financial freedom from the challenges of the existing financial system and you do have not to be worried about anything else. One of the global crypto leaders, Carl Runefelt, alias, The Moon, is pushing for the mass adoption of Bitcoin.
He says, “Keep accumulating all the time within your budget essentially and I think the big goal that is, of course, a cool thing is to own one Bitcoin because one Bitcoin is actually now quite expensive but soon it is going to be unobtainable for a normal person.”
Benefits of Bitcoin
Bitcoin was created to offer an alternative to Fiat and provide relief to those fighting poverty. But with time, its other benefits have surfaced too which put BTC at the top.
Here are some of the amazing benefits of Bitcoin that you can enjoy if you buy it.
One of the top reasons for preferring Bitcoin over Fiat is its potential for incredible returns. A digital asset that can offer you better returns should be your preference.
On the other hand, an investment in a traditional asset is subject to multiple procedures and factors. You might have to wait longer than expected until you get something in return.
Bitcoin was valued at mere pennies in the beginning, but it has come a long way. Today, Bitcoin is one of the most expensive assets available for investment and you can imagine where you could be in future if you buy BTC right now.
Bitcoin has been designed to offer an inflation hedge to its users. The protocols of Bitcoin are structured in a way that only a limited number of BTC can be traded.
Carl, on his YouTube channel, The Moon, says, “We will see big catastrophe monetary disaster when the dollar and other fiat currencies ultimately collapse because I think that’s going to happen due to inflation. And then Bitcoin will rise as the solution. The only safe place I would say it’s like Noah’s ark in a way buying Bitcoin today. It’s like getting your tickets to Noah’s ark and when the flood comes, you’ll be safe and everyone else will kind of be washed away with the whole printing of trillions and quadrillions and quintillions soon.”
However, the rising prices in the traditional markets are a huge challenge for everyone. People are getting poor, and few are becoming rich on others’ graves.
You cannot let yourself be enslaved by a financial system that relies on paper currency in these times of financial innovations. Your bank accounts are controlled, you cannot spend unless everyone knows, and you have to pay for monetary protection.
Such chains of the existing traditional system should be broken by you if you want to enjoy financial freedom, and Bitcoin is the right deal. Bitcoin offers its users financial freedom from conventional banking and empowers them to be the leader in future.
You can either stay in the clutches of the traditional system or buy Bitcoin and enjoy financial freedom.
Gone are the days when people doubt Bitcoin and its potential for changing the financial system.
But those who oppose Bitcoin are still present in the market luring people to follow their way of bribery.
Now it is in your hands whether you can be careful and choose Bitcoin as your next currency or use Fiat and suffer from its challenges.