Why Bitcoin?

Kent Halliburton
Hitashi-old
Published in
2 min readOct 22, 2020

Bitcoin is a form of money outside the legacy, government-created monetary system. By choosing Bitcoin, you are moving value you created into money that is free from supply changes or confiscation. The easiest way to think of Bitcoin is like a digital form of gold. Except it’s better than gold because it has no weight, cannot be diluted, travels across the internet, and all 21 million Bitcoin can be accounted for at any moment.

From Bitcoin’s inception, it was programmed to have the ideal features of money:

  • Fixed Supply: No more than 21 million Bitcoins will ever exist. Since each Bitcoin can be separated into 100 million parts there is more than enough for everyone on the planet.
  • Unchangeable: The Bitcoin network has never been hacked and is the most secure, and powerful network in the world.
  • Decentralized: There is no individual or group that controls Bitcoin so there is no place for it to be turned off.
  • Borderless: Anyone with an internet connection can install the Bitcoin software and begin sending and receiving value.
  • Semi-private: Bitcoin wallets — which are used for storing, sending, and receiving Bitcoin — can be created without identification allowing uncensorable value to be transferred worldwide.
  • Open-source: Everyone in the world has access to review the source code running the Bitcoin network. If there was a way to hack and steal its value, it would have happened. As a result, each passing day, the trust in Bitcoin grows.

‍So, why collect Bitcoin?

There are many reasons why people collect Bitcoin. For some, it’s a speculative investment in a new form of money, for others it’s a way to safely store value for the future, and for others, it’s a borderless way to transact value.

Speculative Investment: from an initial value of $.06 to a high of $20,000, over the last 11 years, Bitcoin has been the best investment the world has seen.

Safe Store of Value: citizens of nations with rampant inflation find Bitcoin to be a safer place to store value than their local currency.

Borderless Transactions: because Bitcoin is uncensorable, people can use it to safely send value without costly middlemen or banking difficulties.

Bitcoin is a powerful new paradigm that is disrupting our relationship with money, putting ownership where it belongs — in your pocket. Take 5 minutes to start investing today!

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