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The future is Bitcoin

Here's why you should invest in it

By Jimmy SanchezPublished 3 years ago 5 min read
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Saving towards the future

Bitcoin, Bitcoin, Bitcoin it’s all you hear nowadays. It's one of the most popular currencies in the world as it hit a record high of 50,000 this year. Yet it remains a mystery to millions of people. Questions such as "what does it do and is it worth it" is asked. As the price continues to skyrocket, the majority of the public is still afraid to invest in it. So here are some reasons to own Bitcoin. And if you play your cards right, make you into a millionaire.

Bitcoin’s origins are a mystery. It was created in 2008 by a person named Satoshi Nakamoto. Whoever this person is, no one knows. But his memory remains by creating a currency that can not be controlled by any business or government. Where people can store, use or send anywhere throughout the world without a fee and without business or government getting in the middle. Making it the first type of money that promotes freedom.

It also protects you from inflation. Inflation happens when the government increases the money supply over the years. They can print an endless amount of money. The side effect of this is that the value of the money decreases making goods and services more expensive. No matter how much you save, all your hard-working money decreases over time. That problem doesn’t exist with Bitcoin since there are only 21 million made. Within time the value of it increases as it becomes scarce, making inflation impossible.

This currency or in other words "cryptocurrency" can only be accessible to you with a password that is impossible to crack. Making it safer to hold than having your money in a bank or at home. Plus your Bitcoin cannot be traced and nobody can find out what you paid for.

Another reason why to use Bitcoin is that you can take it anywhere. Just imagine taking your entire wealth anywhere you go. You don’t need to go to a bank because it’s in your pocket, the safest place in the world.

Most importantly, not one business, bank, or government can control it. Having your money in the bank is not the safest place in the world. They can close, hold, and freeze your account if they want to, leaving you penniless. Your money should not be in charge of these institutions. It belongs to you, no one else. This is why it gives you freedom without anyone regulating it.

And unlike fiat money (paper money that is backed by debt that is a decree by the government) the value of Bitcoin goes up. Yes, it has its drops as supply and demand go up and down. So there is a risk if you decide to invest in it.

But the value of it is increasing as companies such as Visa are using Bitcoin too. They’ve created a credit card that rewards its user's Bitcoin with every purchase they make. Also, popular investment apps such as Webull, Robinhood, and Cash app are allowing their users to buy bitcoin. And other apps such as Coinbase, Crypto, Blockfolio are great places to buy Bitcoin.

With its growing popularity, Billionaire, Elon Musk, has invested millions of dollars in Bitcoin, pushing the value to higher levels. And other billionaires such as Mark Cuban have also invested in it. And NFL player, Russell Okung, receives half his salary of 13 million in Bitcoin. Making him the first pro athlete to get paid in cryptocurrency.

Furthermore, more stores are accepting bitcoin such as Microsoft, the Home Depot, and whole foods. As the demand to use bitcoin increases, more stores will accept it. Also, Bitcoin ATMs are appearing in stores. So don't be surprised to walk into your local gas station and find one in there.

But the real value of Bitcoin is to protect your wealth. Throughout history, governments have devalued their currency through wars, outrageous spreading, and corruption. In the end, it's the people that suffer as inflation destroys their money, making everyone poor as people are forced to eat from the trash. Such as the people in Venezuela.

Covid changed the world and millions of people have lost their jobs and businesses because of the lockdowns. People have lost faith in the government as they play politics. In response, the government of the United States has printed more money for bailouts. Increasing the national debt and decreasing the value of the money. This has gotten a lot of people worried as they fear coming hyperinflation.

Normally, inflation doesn't hurt the United States because the majority of people are working. And the taxes pay for the national debt. But since the lockdowns have killed millions of jobs, inflation is starting to creep its ugly head around as gas and food prices are starting to go up.

Bitcoin on the other hand is climbing upwards. Some forecasters are saying that it will go up to 70,000 this year. Within a couple of years, it might go up to 500,000. With numbers like these, how can you not invest in it? If you’re interested in owning some, I have pasted some links below that can get you started.

With Bitcoin, you are your authority. You can go wherever you want and buy whatever you want without anyone interfering. You don’t need a king, president, or any ruler to bail you out or save you. You can become for the first time in history, a sovereign individual.

https://coinbitsapp.com/?ref=0RTgnoGyGkbWiBxnfpfO

https://cash.app/app/TMQHQCH

https://crypto.com/app/xdj6d282dw

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