Home ยป Ten Reasons to Buy Bitcoins in 2020

Ten Reasons to Buy Bitcoins in 2020

Bitcoin was created to enable people to regain control of their own economy. Eleven years later, Bitcoin has not only empowered people around the world to do just that, but also proved itself to be a successful investment worthy of its title as the future of money.
be-in-the-loop - Ten Reasons to Buy Bitcoins in 2020

Bitcoin is a global currency that meets modern privacy requirements, lifts up those not serviced by banks, and brings economic power from banks and governments back to the people.

Here are some more reasons why now is the time to buy bitcoins.

1. This is a new asset class

Classes of asset or types of investments traditionally include stocks, bonds, and more recently, objects such as real estate. And now cryptocurrency has been added to this list, with Bitcoin gaining momentum and being recognized as a completely new asset class. With companies like Bakkt taking institutional Bitcoin investing into the mainstream, this type of asset is likely to appear in the near future in both pension funds and investment advisor recommendations.

2. It operates independently of other markets

be-in-the-loop - Ten Reasons to Buy Bitcoins in 2020

When prices drop in the stock markets, Bitcoin is not affected much. Perhaps such a statement may sound like an unfounded generalization, but it is not at all imprecise. Ultimately, the very creation of Bitcoin was a response to the stock market crash, the bursting of the real estate bubble, and widespread distrust of traditional monetary systems. But for today’s investors, this division correlates with better risk management and a more varied portfolio.

3. It is not subject to the same inflation and devaluation as FIAT

Devaluation of fiat currency is a global problem. In Eastern Europe, inflation is over 3%, and even in the United States, inflation is above the 2% of the target set by the US Federal Reserve. The finite nature of Bitcoin, which is only a certain amount of its coins that can ever be minted, means that this currency manages to avoid this problem. What is more? the bitcoin reward for mining a block is halved every four years, and inflation actually decreases over time.

4. It's a great store of value

be-in-the-loop - Ten Reasons to Buy Bitcoins in 2020

Bitcoin is often compared to gold. And there are good reasons for this: it is a universal currency, not controlled by any government or organization; it is difficult to obtain; and it only exists in limited quantities, which increases its value. And since, as we have discussed above, it is not subject to the similar inflation as fiat currency, it also does not depreciate, which makes it an excellent store of value. What makes it better? Unlike gold, Bitcoin is digital. While gold becomes cumbersome in large quantities, Bitcoin is easy to store and transport in both small and large quantities. Both 0.25 bitcoin and 25 bitcoin can be stored in the same cryptocurrency wallet.

5. It cannot be confiscated

In many countries, your fiat currency may be frozen by a bank, or your assets may be seized by the government with little or no warning. The cryptocurrency is not controlled by either the central bank or the government, which means that if you have the keys to your Bitcoin wallet, only you will have access to it and only you have control over your money. Which makes state intervention impossible.

6. Bitcoin Infrastructure is in a period of rapid growth

be-in-the-loop - Ten Reasons to Buy Bitcoins in 2020

Bitcoin is no longer just the dream of a group of economic anarchists. As the benefits of blockchain technology continue to emerge, companies such as Visa, Fidelity, and Square are finding ways to integrate Bitcoin solutions into their products, and even the big banks themselves, including Bank of America and Wells Fargo, are experimenting with blockchain, thereby creating favorable conditions for the hyper-growth of Bitcoin infrastructure.

7. It's called the Honey Badger for a reason

Bitcoin is not controlled by any one entity, making it impossible to limit it. It was created and controlled by a peer-to-peer network, without any government or organization at power. Since it is universal, government bans, regulations and restrictions can only have a limited impact on it, and ultimately, Bitcoin will act like natural elements, which it really is. This is what makes Bitcoin the new financial system, one created by humans and for humans, and the key to economic freedom.

8. It will make you doubt what you have already known

be-in-the-loop - Ten Reasons to Buy Bitcoins in 2020

When was the last time you thought about where your money comes from or who controls its value? If you are like most of us, most likely, it was clearly not the other day. The existence of money as it stands is something we take for granted, whether we have a lot or a little. But cryptocurrency turns our perceptions upside down by showing us that governments should not control our funds, that money should not be kept in banks, and that currency can be immune to hyperinflation and corruption.

9. It will make you want to know more

Fiat currency has long been outdated. And once our understanding of how money works is changed, we cannot help but be motivated by a thirst for knowledge. Bitcoin will make you wonder why we have been content with fiat currency until now. It will awaken in you a desire to understand how blockchain works and why there is a need for a financial revolution. It’s actually important to know these things, after all, Bitcoin is the money of the future.

10. Its price is likely to only rise

The price fluctuations that Bitcoin has experienced over the past few years have led many to argue that Bitcoin is too volatile to be relied on. But while its price volatility certainly led to sharp ups and downs, especially in 2017-2018, Bitcoin overall price curve has been steadily following an upward trajectory. In other words, if held long enough, it is more likely to rise in value than any other asset class in the past 11 years. 

Bitcoin was created to enable people to regain control of their own economy. Eleven years later, Bitcoin has not only empowered people around the world to do just that, but also proved itself to be a successful investment worthy of its title as the future of money.

Have your say!

0 0

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Lost Password

Please enter your username or email address. You will receive a link to create a new password via email.

Sign Up

ajax-loader