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Bitcoin is often described as "digital gold" due to its properties similar to gold as a store of value. One of the main reasons is that Bitcoin is limited in supply (only 21 million), which makes it resistant to inflation, unlike fiat currencies that are continually printed.
Additionally, Bitcoin is decentralized, not controlled by a central bank or government, which gives it strength and independence during economic crises.
Major investors have started using it as a means to protect their funds from the depreciation of traditional currencies, especially during times of financial crises.
Do you think Bitcoin is really the new digital gold? Share your opinion.
Why is the interest in BNB currency increasing in the crypto market?
Recently, the BNB currency (associated with the Binance platform) has garnered increased attention from traders and investors for several reasons:
1. Multiple functionalities: BNB is used to pay trading fees on the platform at a discount, in addition to being used in Binance Launchpad and Binance Pay services.
2. Periodic burning of coins: Binance periodically burns a portion of BNB, which reduces the supply and increases its value in the long term.
3. Continuous expansion: The BNB Chain network has begun to support an increasing number of decentralized applications (dApps), which boosts the use of the currency.
Do you think BNB will continue to grow? Share your opinion with me!
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