In my introduction course to Bitcoin, I've learnt this;
1. A store of Value- The total number of Bitcoins is limited to 21Million dollars, this creates a scarcity, and it pushes your assets as the demand for bitcoin increases.
2. Decentralized Transactions- Bitcoin transactions are conducted from user to user without the need for intermediaries like banks.
3. Secure and transparent- Bitcoin transactions are very secure and transparent, its impossible to fake them.
4. Borderless Transactions- Bitcoin can be sent and received anywhere in the world at any given time without converting currency
5. Liquidity- Bitcoin is traded on various cryptocurrency exchanges around the world which in turn provides liquidity for investors conducting trading with Bitcoin.
6. Financial Inclusion- Bitcoin has the ability to provide services for individuals that are affected by âtraditionalâ banking systems. Anyone with a phone can access his/her account.
7. Freedom- Bitcoin is freedom. Users can do transactions without revealing their identity. Also, since bitcoin is in digital wallets, only the owner of the account can access, not even governments. You can do transactions freely knowing they can never be traced.
It's amazing what Bitcoin can do in the modern world. Bitcoin is also an investment.
What else did I forget?#Write2Earn #BTCâŹ
