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5 Reasons To Still Buy Bitcoin Today

By now, most of us have heard about Bitcoin and its meteoric rise in value over the past few years. Even though Bitcoin and many other cryptocurrencies have seen a drop in value, investors remain cautious about whether investing in Bitcoin is still worth it. Many are questioning if cryptocurrency will ever regain its previous heights of success. But despite the ups and downs of the cryptocurrency market, there are still many reasons why you should consider buying Bitcoin today.

This has made investors cautious, with many questioning whether Bitcoin is still a viable investment. But despite the ups and downs of the cryptocurrency market, there are still many reasons why you should consider buying Bitcoin today.

Here are five reasons you should buy bitcoin:

  1. Limited Supply

There will only ever be 21 million Bitcoins in circulation, making them rarer than gold or other precious metals that can be mined indefinitely. As demand increases, so too does the price of each individual coin.

Bitcoin has a finite total supply of 21 million coins that cannot be exceeded. This hard cap is an immutable feature of the network and can be verified by anyone on the public blockchain. It’s one guarantee everyone can trust, as no one has control over it or ever will have.

This idea contradicts the actions of all governments worldwide, including the US, which resort to quantitative easing—which is simply a fancy term for ‘printing more money.’ However, this isn’t possible with Bitcoin, as no company can mint any further coins.

2. Decentralized & Borderless

Bitcoin is a global currency and does not belong to any government or authority. This means that it can be used for international transactions without worrying about currency conversions, taxes, or exchange rates. Since no one controls the network, you can send and receive payments from anywhere worldwide without worrying about regulations or restrictions from banks or governments.

This puts Bitcoin at odds with the Federal Reserve, creating a unique dynamic between two powerful entities. In fiat currencies, the Federal Reserve has complete control over the money supply and can adjust it as they see fit. This isn’t possible with Bitcoin, which is why many investors have become drawn to its decentralized nature.

Thanks to the decentralized nature of the network, transactions are censorship-resistant, and no single actor can influence them. This makes it attractive to those looking to make payments without having to worry about their funds being blocked or confiscated by a government entity. For example, the Chinese government has been known to seize funds from citizens who have tried to move their money out of the country. With Bitcoin, this isn’t possible as no one can stop or reverse a transaction once it has been broadcasted onto the blockchain.

  1. Low transaction fees

Bitcoin transaction fees are much lower than those of banks or other payment services. The fee for a Bitcoin transaction is usually just a few cents and can be set at whatever the user sees fit. This makes it an ideal choice for sending money internationally, as the fees are typically much cheaper than traditional money transfer methods.

For example, international payments often come with fees ranging from 3.5% to more than 10%, and it can take days for the payment process to complete. Despite their low cost, Bitcoin transactions do come with fees. Unsurprisingly, these costs can go through the roof when the value of Bitcoin is at an all-time high or during periods with strong use of the blockchain network.

  1. The Regulation Of Bitcoin Is Making Impressive Strides

A decade ago, before the influx of governments regulating Bitcoin and other digital currencies, cryptocurrency was virtually unregulated. Nonetheless, numerous countries have taken measures to restrict or ban decentralized assets like Bitcoin altogether.

Things are now starting to change as big governments like the US and EU are slowly embracing Bitcoin regulations. Institutions such as CME Group have launched a regulated marketplace for trading bitcoin futures, which is a good sign that authorities are taking steps towards making the cryptocurrency more mainstream. A few countries across the world are also inching closer to offering Bitcoin-based services or products, with Japan being one of the most notable examples.

The US Commodity Futures Trading Commission (CFTC) has issued a license for businesses to engage in Bitcoin derivatives trading, and the SEC has approved several ETFs that invest in Bitcoin. These moves will simplify the process of buying, selling, and using Bitcoin, as well as contribute to its wider adoption.

While it remains to be seen how countries will respond in the long run, many governments are beginning to recognize Bitcoin as a legitimate form of currency. The SEC recently released a framework that classifies digital assets, providing clear legal guidance for users and businesses. This move towards legitimization is helping promote wider adoption of cryptocurrencies such as Bitcoin, making them more accessible than ever before.

  1. Bitcoin Is An Ideal Replacement For Gold Investment

Everyone loves gold, and its perceived value has been a mainstay of various economies for centuries. From jewelry to coins, gold has always been seen as a “safe haven” asset in times of economic instability or deflation.

In recent years, Bitcoin has proven itself to be a better alternative to gold investments. Unlike gold, which may take days or even weeks before it can be turned into usable currency, bitcoin is much faster. Transactions on the blockchain are usually confirmed within minutes, and you can instantly access your funds after they’ve been sent.

Additionally, unlike with physical gold investments, you don’t have to worry about storing it securely; you only need an online wallet address and a secure internet connection.

We spend a lot of our lives in the digital realm, so why shouldn’t we opt for digital gold? We require something electronic to be fraud-resistant, transportable, and open to all. Fortunately enough, Bitcoin fulfills these needs – and even exceeds them.

Not only does it provide us with security from scams, but it also possesses qualities surpassing real gold – which is exactly why you should invest in it today.

Final Words

There you have it – the five reasons Bitcoin is here to stay. With government regulations on the rise and various advantages over gold, it’s becoming easier than ever to invest in cryptocurrency.

By now, it should be clear that Bitcoin is more than just a passing fad – it’s quickly becoming an accepted form of currency, with governments around the world taking notice and regulating its use. The advantages of owning cryptocurrency versus physical gold make it an ideal asset for investors looking for fast, secure transactions at low costs. Whether you’re making international payments, investing, or wanting to diversify your portfolio, there’s no time to consider investing in Bitcoin like the present.

By John Brooks

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