Why Buy Bitcoin?
Beyond being recognized by many as the best money ever created, bitcoin boasts numerous features and advantages that set it apart from everything else. Here are a few such advantages that people find valuable.
Wealth Preservation: Bitcoin’s maximum supply is capped at 21 million coins, which positions it as a market-leading instrument for storing value. It’s mostly uncorrelated with traditional markets and can provide a safeguard against excessive money printing by central banks and rising inflation.
Wealth Accumulation: Given its historical performance of ~120% CAGR, coupled with its increasing adoption around the world, bitcoin is the ultimate means to grow purchasing power and relative wealth over a long enough time period (+10 years). It’s becoming particularly appealing as a complement to or replacement of a pension.
Trading: Despite bitcoin’s impressive CAGR, many people are drawn by the allure of short-term profits and the thrill of making fast gains. While some traders possess the skills, strategies, and experience to capitalize on bitcoin’s volatility, the majority do not and their decisions are most likely driven by FOMO, speculation and greed.
Financial Sovereignty: Bitcoin is the quintessential anti-CBDC technology. It is often seen as a beacon of hope in a world where governments are becoming increasingly dictatorial, as their source of power — fiat money — is increasingly losing its grip.
Decentralization: Unlike traditional currencies and every other cryptocurrency, bitcoin operates on a truly decentralized network, meaning no central authority or institution has control over its supply or policies. This paves the path for full financial sovereignty. Bitcoin is perhaps the only property in the world that cannot be taken by force.
BTC87,422.52+0.52%