(Part 2)
3. “Bitcoin as a hedge against inflation”
In 2017, when the economies of many countries were experiencing crises and inflation, some began to view Bitcoin as a protection against the devaluation of traditional currencies. People started to realize that the limited supply of bitcoins (a total of 21 million) gives it unique value. In countries with high inflation, such as Venezuela, people began to actively use Bitcoin to preserve their savings. This opened a new perspective on cryptocurrency as a safe-haven asset.
4. “Digital gold or bubble?”
In 2017, Bitcoin reached a record high of $20,000 per coin. This price attracted the attention of mass investors and led to a rapid growth of the cryptocurrency market. Many began to say that Bitcoin is the new gold, an alternative form of value. However, experts warned of a potential bubble economy that could burst. By the end of 2017, the price of Bitcoin began to plummet sharply, leading to considerable disappointment among some investors. However, Bitcoin's story continued to evolve, and its price stabilized again.
