LIVEWhy wo need to buy Bitcoin. Here are 10 main reason to buy Bitcoin in 2024.
1. Store of Value
Bitcoin has shown grwat resilience as a store of value, especially during economic uncertainties or inflationary periods in the world.
2. Increasing Adoption
More businesses and institutions are accepting Bitcoin as a form of payment, increasing its utility and acceptance. The example of Tesla is Infront of us.
3. Limited Supply
With a capped supply of 21 million coins, Bitcoin's scarcity may lead to potential long-term appreciation in value. Gold can be has no limited supply.
4. Hedge Against Fiat Currency Depreciation
Amidst concerns about central bank policies and fiat currency devaluation, Bitcoin offers an alternative asset class.
5. Global Accessibility
Bitcoin can be accessed and transacted with from anywhere in the world, without the need for intermediaries or borders. So it's a borderless Currency and can be bought and sold in any part of the world.
6. Technological Innovation
Ongoing advancements in blockchain technology and Bitcoin's network infrastructure may lead to improved scalability and functionality.
7. Growing Institutional Interest
Institutional investors are increasingly allocating funds to Bitcoin, signaling growing confidence in its long-term potential.
8. Diversification:
Adding Bitcoin to a diversified investment portfolio can potentially reduce overall risk and enhance returns. The example of Microstrategy is Infront of us. They are in 4 Billion dollar profit when Bitcoin hit 52K $ in February 2024.
9. Financial Sovereignty
Bitcoin provides individuals with greater control over their finances, as it operates independently of any single government or institution.
10. Emerging Financial Infrastructure
The development of decentralized finance (DeFi) and other blockchain-based financial services may further bolster Bitcoin's utility and adoption.
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