Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain.
Bitcoin is unique in that there is a finite number of them: at the moment there are 21 million.
They have gained in value since they were created in 2009, and their popularity is only growing. In 2017, the value of one bitcoin exceeded the value of an ounce of gold for the first time. In 2021, it reached almost 70 thousand dollars.
In short, this asset is increasingly convincing investors. There is a huge percentage of people who hold it in their wallets.
There are just as many good reasons why it is preparing to become safer, more valuable and more profitable than gold.
THE REASONS WHY BITCOIN WILL CONTINUE TO INCREASE IN VALUE.
These are some of the most important reasons:
1 – Has a limited supply.
Gold is plentiful, but Bitcoin is limited to a total supply of 21 million. As the demand for Bitcoin increases, the value of each coin will continue to increase.
2 – Worldwide Acceptance
Bitcoin is accepted in more countries than gold. Later I will share the most important cities where it is used. You can use Bitcoin to buy goods and services around the world.
3 – Duration
Gold is a physical asset and can be damaged or stolen. Bitcoin is digital and cannot be destroyed or stolen.
4 – Fungibility
Gold is not always accepted as payment for goods and services. Bitcoin is accepted as a payment. It will soon become widespread everywhere as if it were a normal currency.
7 – Security
Bitcoin is much safer than gold. Transactions are verified by the nodes of the network and cannot be changed once they are registered in the blockchain. Gold can be stolen or forged.
8 – Efficiency
Bitcoin transactions are faster and cheaper than gold ones.
9 – Globalization
As the world becomes more connected, the demand for Bitcoin will continue to increase.
10 – Increasing Utility
Bitcoin’s usefulness is constantly increasing. There are now thousands of merchants accepting Bitcoin as payment, and new uses for Bitcoin are being discovered every day.
THE FUTURE OF THE FIRST CRYPTO-CURRENCY: BITCOIN
Bitcoin is the first and most important cryptocurrency. Other cryptocurrencies, such as Ethereum, Litecoin and Monero, are based on the Bitcoin protocol.
“Bitcoin is the most valuable cryptocurrency in the world, with a market capitalization of over $700 billion. The value of Bitcoin has increased by over 1000% since it was created (very few years.)”
Many experts believe that Bitcoin is undervalued, that its true value is much higher than the current price. Some believe it could eventually be worth trillions of dollars.
Furthermore, if there was a banking crisis, Bitcoin would be saved:
“In a banking crisis, people would rush to Bitcoin because it is a currency that is not controlled by governments.”
An expert from the London Economic School said.
It is not controlled by governments because it is a digital asset. Bitcoin is backed by nothing and has no intrinsic value. It is only worth what people are willing to pay for it.
Many people believe that Bitcoin will be a great investment opportunity and that its value will continue to increase in the future.
HOW TO BUY BITCOIN
The easiest way to buy Bitcoin is through a cryptocurrency exchange. These exchanges allow you to buy and sell it using different currencies.
There are many different exchanges, but the most popular are Coinbase, Bitstamp and Kraken.
“Coinbase is one of the most popular exchanges in the world. It allows you to buy Bitcoins with fiat currencies such as USD and EUR.”
Bitstamp is another popular exchange that allows you to buy and sell bitcoins with fiat currencies. Kraken is a popular exchange that allows you to buy bitcoins with euros.
It is also possible to buy bitcoins from individuals with peer-to-peer
exchanges such as LocalBitcoins.
These transactions allow you to buy Bitcoin with different currencies from individual sellers.
The most well-known cryptocurrency in the world today is therefore a great financial asset and can be used as a safe investment and a tool to put in your savings wallet.
It is digital, lightweight, divisible, fungible, secure, efficient, global, and has increasing utility. Its value will certainly increase in the future.
CITIES WHERE BITCOIN IS ACCEPTED
Bitcoin is accepted in more countries than gold. You can use Bitcoin to buy goods and services around the world.
The following cities are some of the most popular places where you can use Bitcoin:
1 – San Francisco, USA
2 – Tokyo, Japan
3 – Osaka, Japan
4 – New York, USA
5 – London, UK
6 – Singapore
7 – Sydney, Australia
8 – Moscow, Russia
9 – Istanbul, Turkey
10 – Tel Aviv, Israel
ANALYST FORECAST FOR THE NEXT YEARS
Many experts believe that the value of Bitcoin will continue to increase in the coming years. Ronnie Moas, founder and director of Standpoint Research, believes Bitcoin could be worth $300,000,000 by 2027.
Tom Lee, co-founder and head of research at Fundstrat Global Advisors, believed Bitcoin could be worth $25,000 by 2022. In 2021, it reached 70 thousand dollars.
John McAfee, founder of McAfee Associates, believes that Bitcoin could reach a value of 1 million dollars.
So I want to repeat to you in conclusion that Bitcoin is a great investment opportunity and its value is bound to increase in the future.
Which means that it will become something permanently precious and safe. Just as the war broke out in Ukraine these days.
Gold has shot up … Bitcoin has resisted instead…It will have plenty of time in the coming months to shoot up with sudden leaps and be supported by mountains of money.
I hope this article has been helpful to you… by the way, this below is me…
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