Four Reasons to Buy Bitcoin in 2022

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Sharecast News | 17 Oct, 2022

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Bitcoin is diversifying t the world, and any Bitcoin believer will rattle off a laundry list of reasons why cryptocurrency is the future of money. As a good store of value, you can easily and quickly invest through bitcoin 360 ai. They are correct. Bitcoin is a global currency that takes care of modern-day privacy concerns, elevates the unbanked, and returns economic power to the people from large banks and governments.

Furthermore, there are a few more concrete reasons why Bitcoin is the future of money. As the saying goes, the best time to plant a tree was ten years ago, and the second-best time is now. The same advice applies to Bitcoin, which is why the second-best time to purchase it is now. Here are four reasons to buy Bitcoin

1. It's a Brand-New Asset Class

Traditional asset classes, or investment areas, have included stocks, bonds, and, more recently, entities such as real estate. With Bitcoin gaining market share and recognition as a completely new asset class, cryptocurrency has now entered that list. With companies like Bakkt bringing institutional Bitcoin investing to the mainstream, it will likely appear in pension funds and investment advisor recommendations soon. Bitcoin is also appealing to corporations to protect their treasuries from inflation. Michael Saylor, CEO of business intelligence firm Microstrategy, set an excellent example by converting more than $1 billion of the company's cash holdings to Bitcoin before hosting a well-attended conference on "Bitcoin for Corporations."

2. Its Performance Is Unaffected By Other Markets

When the stock market falls, Bitcoin is unaffected. That may be a broad statement, but it is not incorrect. Of course, this should come as no surprise. After all, Bitcoin was created in response to the stock market crash, the bursting of the real estate bubble, and general distrust in traditional money systems. For today's investors, however, that separation equates to better risk management and a more diverse portfolio.

3. It Is Not Subject to Equal Degrees of Inflation and Depreciation as FIAT

What will your salary buy you in the coming year? What about next week? Because of hyperinflation, the answer is "not much" if you live in Venezuela, Sudan, Argentina, or Zimbabwe. Countries in Eastern Europe have more than 3% inflation rates, and even the United States has inflation rates exceeding the Federal Reserve's 2% target. Because Bitcoin is finite (only a limited number of coins can ever be issued), the currency avoids this issue. With the Bitcoin reward for mining a block halved every four years, the inflation rate decreases over time. When the next Bitcoin halving occurs in early 2024, the inflation rate will fall from 1.6% to around 0.8%. With commodity prices such as building materials and semiconductors expected to rise in 2021, the wisdom of Bitcoin's capped supply is becoming more apparent.

4. It's a Fantastic Value Store

Is Bitcoin equivalent to digital gold? We believe it is superior. For a good reason, some people compare cryptocurrency to gold:

● It is a universal currency without control by any single government or entity.

● It isn't easy to mine.

● It exists in limited supply, which increases its value.

And, as previously stated, because it is not subject to the same inflation as fiat currency, it does not depreciate, making it an excellent store of value. What improves it? Bitcoin, unlike gold, is a digital currency. Whereas gold becomes challenging to store and transport in large quantities, Bitcoin is simple to keep and transport in both small and large amounts. The same cryptocurrency wallet can hold 0.25 BTC and 25 BTC.

Conclusion

Bitcoin's creation was to give people back control over their economies. Twelve years later, Bitcoin not only allows people all over the world to do just that, but it's also proven to be a profitable investment, deserving of the title "future of money."

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