Bitcoin disrupts goldbitcoin btc price to $50000 on store of value story
There is a lot of confusion going on about what bitcoin really is, is it a currency like the USD? A lot of people argue than bitcoin was created to be specifically a digital cash system used primarily to make peer to peer transactions.
While this is true to some point, bitcoin at this point in time has becoming more of a store of value and an asset, rather than a currency. The reason for this is mostly because the price of bitcoin will continue to rise in the following years. If people decide to spend their bitcoin now, they will lose the future gains and will probably regret it. As i said before, bitcoin and cryptcurrencies are here to stay and they will have a profound impact in the whole economy around the world.
The reason why Gold is valuable is because is a scarce resource and has been adapted as a store of value. When the economy crashes, Gold rises in value, due to the fact that people use gold to hedge against economic crisis. The problem with gold is that is not transportable enough and certainly not easy to divide. However, with the introduction of bitcoin, the whole game has changed. You can easily send and receive bitcoins anywhere in the world instantly, plus you can divide a bitcoin into small fractions if needed.
Bitcoin is also scarcer than gold and the amount is fixed to be only 21 million bitcoins to ever be mined. As you can see bitcoin is still small compared to other giants like Apple, the USD currency, and of course the Gold market cap. However, bitcoin will soon catch up and will explode in the following years. The pace at which bitcoin is growing is out of this world. The institutional money has started to come bitcoin disrupts goldbitcoin btc price to $50000 on store of value story the public will follow.
Once bitcoin matures and reaches its full potential, it will become the new digital gold and it will probably reach the Gold market cap in the near future. There is still a lot of potential and growth for bitcoin. The underlying block-chain has been improved over time and it will continue to evolve and adapt at some point in the future not just as a store of value, but as a currency.
At this point bitcoin is not fast enough to be used as a currency like the USD, or the visa payment system, but once it matures and reaches its full potential, people will be able to use it as a payment method to buy stuff.
The bitcoin road map will be released soon. This is something very interesting to watch as the road map will reveal the bitcoin disrupts goldbitcoin btc price to $50000 on store of value story that will be implemented in the upcoming year. Bitcoin is growing rapidly and it is being used as a store of value at this point in time.
The potential for bitcoin is huge, this is the new digital gold and it will probably surpass gold in the future. Bitcoin is scarcer, more portable, and more divisible than Gold, which makes it better in many ways. We are still in the early stages, but millions of new users are coming everyday. Once it reaches mass adoption, the price of bitcoin will bitcoin disrupts goldbitcoin btc price to $50000 on store of value story highs never see before.
Inbitcoin will definitely explode and reach the trillion market cap by the end of the year. The institutional investors are plowing money into bitcoin at this moment and the masses are coming next. Bitcoin and cryptocurrecies are one of the best opportunities in history, with no doubt. If you liked this article please share with others. This is not financial advise, before you do any investments please do your own research and invest responsibly.
Billypc20 December 15, Bitcoin Money 0 Comments 4 views 0.
It cost zero BTC Note: None of this is financial advice. Please do your own research before making any investments. Some links may be affiliate links, which means I will receive a small bitcoin disrupts goldbitcoin btc price to $50000 on store of value story and that helps support the channel.
Join our Crypto Telegram group! Anyone can confirm that 5 Trillion dollars will be injected on ctypto on May 14? Most people who have jumped on the Bitcoin bandwagon don't understand it. I honestly know what's going on with Bitcoin and there is something that all you investors don't realize, but I don't bitcoin disrupts goldbitcoin btc price to $50000 on store of value story to say it because ya'll make me sick with your greed, and I'm just going to let you all learn it the hard way because most people don't even have a respect for the technology and how it can help poor people.
Ya'll just care about your own wallets. Thats what happened when you don't put no space shuttle lift off anymore. I had to get it refueled so when everything takes off again it should be set to go.
It still makes me laugh how all this bs news from outside sources like bankers and Co effects people's mind sets. People should not panic and sell crypto because of such. I mean the whole point of crypto was to escape this stuff and yet it's bound to it. Hope that makes sense haven't slept. They should have watched x-files hehe Fox was right trust no one, in this case trust no media.
Yeah I feel you. Most people don't research much into what's really going on so whatever news articles pops out they believe because nobody taught them otherwise. How Low Will Bitcoin Go? Now's the Time to Get Greedy. Free bitcoin trick by telegram bot unlimited referral. Why Bitcoin Price got down??? Bitcoin Price Predicted to
Not as effectove for trading, i am doing some trades with my settings but due to the nonce issues it's greatly affected productivity. Most people tend to overlook the fact that cryptocurrency firms can create a lot of jobs, assuming governments allow this industry to thrive.
We have to accept that AI will make mistakes so that we can learn from them and fix them.