Is Bitcoin a Path to Becoming a Millionaire?
A survey of investors showed that about 43% of investors surveyed in 2024 expressed a desire to own cryptocurrencies in the coming year, which represents a significant increase compared to only 23% in 2021.
This highlights the growing interest in digital currencies by investors, despite some concerns that still exist
Characteristics that made Bitcoin like gold;
- Limited supply
The value of Bitcoin comes in part from its limited supply, as the total number of bitcoins cannot exceed 21 million, which enhances its value in the eyes of investors.
2- Bitcoin pricing in dollars
Bitcoin is usually priced against the US dollar, which is a fiat currency subject to inflation due to increases in the money supply
3- Inflation
Inflation occurs when the supply of dollars increases faster than the growth of goods and services, which leads to the erosion of the value of the currency.
4- Price increases over time
Due to inflation, the price of a house today is much higher than it was 30 years ago, reflecting the effect of increased supply
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