10 reasons to buy bitcoin in 2020
Blockchain technology has been around for more than a decade. Satoshi Nakamoto published the bitcoin white paper in 2008 and released the first version of Bitcoin, Bitcoin-core, in 2009.
While Bitcoin has grown considerably in the last 5 years, it is still small. With a market cap of $198 Billion USD, Bitcoin is still much small than Apple ($1,172 trillion Billion USD) or Microsoft ($1,000 Billion USD). I would like to make a case why everyone should be looking into Bitcoin as an alternative to conventional investment, with the following 10 points:
Bitcoin is the best investment in the last 10 years.
If you have invested 50 Euro worth of bitcoin in 2013, that would amount to 391409 EUR in 2020, with a return of 7,828.18%. Making Bitcoin, by far, the best investment long term.
Even in short term, bitcoin would be beating the market by a wide margin, just look into bitcoin year lows, to see how much it has risen every year.
Bitcoin is independent of other assets
Bitcoin is independent of other assets, related to anything other than itself. Just like gold, Bitcoin value comes from its storage capabilities, the ability to transfer and receive without any third parties.
Bitcoin is the best cryptocurrency
Unlike Bitcoin, most of the other cryptocurrencies are attacked in some way to Bitcoin. All Exchanges use bitcoin as the main currency and track their growth as CryptoCurrency per Bitcoin. Most alt-coin tens to mimic Bitcoin in some way or another, but cannot reach the level of decentralization, interest, or computation power. Up until today, no alt-coin managed to have a better yearly return than Bitcoin, and most tend to disappear in less than 12 months.
Bitcoin is hard to confiscate
Bitcoin is not controlled by a central bank, fully decentralized and unlike fiat, with crypto, you are your own bank. No one can steal your bitcoin as long as you are safe and keep a backup.
The government cannot simply seize your assets with little to no warning. There are many different bitcoin wallets, ranging from hardware wallets, paper wallets, or software wallets.
Micro strategy just purchased 21.454 Bitcoins
Micro strategy just made the biggest bet ever on Bitcoin. The confidence that an investment company might cause a ripple effect making other asset management companies.
Bitcoin has a fixed supply
There will only be 21 Million Bitcoins ever created. It is a scarce asset, that will make it harder and harder to generate more bitcoin as the block rewards get smaller. There are not enough Bitcoins for every millionaire in the world.
“Governments are constantly printing more money, but bitcoin has a fixed supply (no more than 21 million bitcoins will ever exist). Scarcity creates demand, ensuring that bitcoin will tend to gain value over time, unlike fiat currencies whose long-term value tractories are more unpredictable.” — Will Reeves, the CEO of Fold
Bitcoin has no central authority
One of the reasons other alt-coins fails is the centralization around the coin creator. Satoshi Nakamoto created Bitcoin and left once it gained momentum.
The federal banks of the world are starting to print money in an unprecedented way
With Coronavirus locking people and destroying the economy, many central banks started printing money as a way to prevent in the short term another catastrophe. The inflation will devalue the Fiat making investing in Bitcoin a good solution to save your assets.
Bitcoin does not care about fiat currencies
One of the major differences between Bitcoin and Fiat currency is that Fiat value is given by the local government and Bitcoin’s intrinsic value is given by its community. Bitcoin does not lean on a system of printing as a way to pay off debts, its values come on how effective it is as a medium of exchange.
Bitcoin is the best store of value
Bitcoin is a digital store of value, better than the most used, traded, and fought store of value, Gold. Gold is heavy, hard to carry around, and easily confiscated. Something is a store of value if everyone believes that there will be value in the long term. Bitcoin is digital gold.
I hope that with these points, you will become more aware of the value of Bitcoin. If you want to know more about Bitcoin as an investment, join our waiting list at hitashi.io.
