But in reality, it is often referred to as "Digital Gold." 🥇💻
Bitcoin (BTC) is commonly known by people as "internet money." In reality, it is often referred to as "Digital Gold."
Is Bitcoin just money from an online game?
Introducing Bitcoin as a "Store of Value" / Digital Gold
Is Bitcoin money from an online game? Introducing Bitcoin as digital gold.
Why?
1. Scarcity: Just as there is a limited amount of gold on Earth, Bitcoin is strictly limited to exactly 21 Million. No more can ever be produced.
Scarcity
Just as gold has a limited supply on Earth, Bitcoin also has exactly 21 million. No more can ever be produced.
2. Durability
Just as gold is indestructible, Bitcoin will never be lost or destroyed as long as the internet exists.
Durability
Just as gold is indestructible, Bitcoin will also not be lost as long as the internet exists.
3. Portability
While carrying heavy gold bars is difficult, you can carry millions of dollars worth of Bitcoin on just your phone or a single piece of paper.
Portability
While carrying heavy gold bars is difficult, you can carry millions of dollars worth of Bitcoin on just your phone or a single piece of paper.
When Satoshi Nakamoto created it in 2009, it was worth almost nothing. However, today, the world's largest companies and even some countries officially accept it.
When Satoshi Nakamoto created it in 2009, it was worth almost nothing. However, today, the world's largest companies and even some countries officially accept it.
So, why is Bitcoin limited to only 21 million? Who set this limit? I’ll explain in next articles!
So why does Bitcoin have a limit of 21 million? Who imposed this limit? I will explain more tomorrow.
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