Satoshi’s Past Self-Fulfilling Prophecy Quote Relived: 4 Reasons To Buy Bitcoin Now [Just In Case]
Now that Bitcoin is finally being able to break away from its bear market (or at least it seems that way), it may be the right time to dive in and discover the world of cryptos by investing in the most valuable asset of the market.
If you want to know whether you should invest in Bitcoin before is too late, this quick guide is for you.
Bitcoin Is Digital Gold, aka a Store of Value
Bitcoin is simply a great way to store value, which is why the token is so often hailed as “digital gold”. Unlike fiat currencies, which often are inflationary because central banks can simply print more money whenever they want to, Bitcoin has a cap of 21 million tokens and 17.6 million have already been mined.
This makes it a great investment. There are more than 8 billion people in the world and the number just gets higher every day. As Bitcoin starts to get popular, everybody will want a piece of it and the market cap will go up.
Even if you just want to spend a few bucks on it, it may be a worthy investment, especially considering that the FED keeps raising interest rates on the USD, which may affect inflation.
Bitcoin Has Unique Financial Properties and Qualities
This cryptocurrency is unlike any other in its decentralization and revolutionary implications. When it was created by Satoshi Nakamoto back in 2008, Bitcoin was a revolution and this has its own weight until now. Even now, Bitcoin is one of the most secure and well-regarded assets. It may not be the fastest, but it is the most unique since most of the other cryptos were copies of it. Here is the infamous quote from Satoshi:
It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.
Bitcoin is based on digital scarcity, trustlessness and usefulness and the reason why its prices go up all the time are because it is a really good idea.
This token is one of the first non-trust systems in the whole world and all that it lacks at the moment is to raise its acceptance. As soon as this is done, the token will be the future.
Bitcoin Is The Biggest Crypto And Will Probably Ever Be
Bitcoin is the king of cryptos. There is simply no doubts about that. In fact, not only it is the most valuable token, but the rest of the market often follows its moves. It is clear that Bitcoin is becoming the “metric system” of the crypto world. If BTC is good, so is the market.
Because of this, even when you consider that some altcoins can be great investments when their price spikes, Bitcoin is the most secure investment. Altcoins are more unpredictable, so it can be riskier for a retail investor to dive in the market using them if the person is not really sure of what is doing.
Bitcoin Survived (Again), Is Stronger Now Than Ever
Bitcoin has not survived one bear market, it has survived at least three of them. The crashes are, unfortunately, not completely uncommon, but the prices are always higher after them. Bitcoin reached parity with the USD in only a single year.
Today, its prices already went over $20,000 USD a piece once and they may as well do it again. Bitcoin has a huge network and nobody would be surprised if prices are skyrocketing ten years from now.
The technology gets constantly better, as the dev teams are always elaborating new solutions that will make the network more efficient. One great example is the Lightning Network, a layer two scaling solution that makes off-chain transactions in order to send money faster.
Will you buy Bitcoin? Only you can answer that, but you should know that there are a few reasons why this crypto asset is widely considered a great long term hedge investment.
Live Bitcoin (BTC) Price:
1 BTC/USD =$48,436.4791 change ~ 4.29%