It seems that Bitcoin is the new fad. Thus, its everywhere and the more you look its seems that there are more reasons to buy Bitcoin. Any Bitcoin enthusiast is going to give a list of reasons why bitcoin is the direction for savings and investments. Like other digital currencies it tackles privacy issues and transfers economic control from banks and governments to citizens.
Reasons To Buy Bitcoin
As primitive as it may seem it is safer than most traditional banking and investing methods. Fiat currency can be frozen by a financial institution, likewise, your funds may be seized by government organizations with no notice. Unlike fiat currency, digital currency is different. Bitcoin is not controlled by a centralized bank or financial institution. This implies that if you keep your Bitcoin wallet, only you will have access and power over your assets.
The market movements that Bitcoin has encountered over the last years created the opinion that Bitcoin is unstable to be legit. Although market volatility has definitely led to dramatic changes, most notably in 2017-2018, Bitcoin ‘s overall arc has accompanied an unmistakably upward slope.
Its Immune To Inflation
The devaluation of the fiat currency is a worldwide issue. Nations in Eastern Europe see an inflation rate of more than 3%. As well as the United States, it has had an inflation rate just above the 2 % target imposed by the US Federal Reserve. The finite nature of Bitcoin, ensures that the currency manages to correct this issue. Once the next bitcoin decline occurs in May 2030, the inflation rate will fall to 1.8%. This means it will be higher than the US dollar is now.
Its A New Independent Asset
Traditionally, asset classes or investment areas have included stocks and bonds. Cryptocurrency has been added to this list of assets. With Bitcoin gaining momentum and acknowledgement as an entirely speculative asset. Bitcoin remains unharmed when the stock market fluctuates. That might be a general statement, but it’s an accurate one.