Everybody Will End up Buying Bitcoin Eventually

Contrary to “real” money, banks, and most investments, cryptocurrencies are decentralized, so no single person or group has control — rather, all users collectively retain control.

For Bitcoin, this means that transactions are permanently recorded and viewable to anyone. This makes all their processes more transparent and clean.

In my article “You Don’t Understand Bitcoin Because You Think Money Is Real,” I explained why this is more an advantage than a problem:

“Money is just a concept created by the central bank to exchange services, if one day they decide not to accept bucks or checks, we will only have a piece of paper that doesn’t work. They have all the control over us. Banks also creates money from nothing. When this false money is exposed, it is withdrawn from circulation, and all the people that have fake money will have a loss.”

Many banking processes are hidden and lead to fraud and embezzlement. The government has the power to prints more money, which causes the currency to devalue. There are many ways in which your money can be lost in transfers, especially in international ones. And the fees can be ridiculous.

On cryptocurrencies, transactions are fast, digital, secure, and worldwide, which allows the maintenance of records without the risk of data being corrupted. Fraud is, actually, minimized.

This makes transactions from all over the world easier, transparent, and without the need to pay high fees.

Also, digital currency such as Bitcoin or BNB should not result in inflation like paper money. The total number of bitcoins that can ever be mined is limited to approximately 21 million, so there is no way the total amount of cash in the system can be increased by any central bank.

Source: https://medium.datadriveninvestor.com/everybody-will-end-up-buying-bitcoin-eventually-1276b89f3d59?source=rss——-8—————–cryptocurrency