Could Bitcoin be the gold of the 21st century?
Satoshi Nakamoto launched Bitcoin in 2009, and for its thirteen years of existence, it has positioned itself as a better alternative to fiat money. There is also an increase in the adoption rate of this virtual currency. More and more systems are integrating the bitcoin payment system, giving bitcoin users a place to spend their virtual money. Also, the way people invest and pay is changing, and a traditional bank may not be able to handle fiat money. Here are some reasons to believe that this virtual currency could become the currency of the 21st century.
Better liquidity and portability
Bitcoin is the most liquid cryptocurrency and offers better liquidity than traditional currency. In addition, transactions with traditional currencies take several days or even three days. However, traditional money transfers take longer, especially on holidays and weekends, as banks remain closed during these times.
Conversely, transactions in bitcoins are faster than those in fiat currency, as they only take a few minutes. In addition, Bitcoin is an easily portable digital currency. With your smartphone and an internet connection, you can transact with this digital currency through reputable exchanges such as bitcoin-360-ai.com/fr/. Many believe that this virtual currency is the future gold due to its liquidity and ease of transaction.
Better protection against fraud
This virtual currency has integrated technology, blockchain, a distributed public ledger that records all Bitcoin transactions and allows them to be verified. Finally, these virtual currency transactions are completely transparent. Therefore, individuals cannot interfere with the system. In addition, this digital currency uses a PoW consensus process to ensure that all transactions are visible, shared and stored on the Bitcoin network.
On the other hand, traditional transactions involve many intermediaries, which makes fiat currency transactions neither safe nor transparent. This digital currency provides security against theft and fraud without third parties in these virtual money transactions.
It is easily accessible
As the first successful cryptocurrency, Bitcoin is easy to find, buy and use. Although this digital currency uses blockchain, which is a very complex technology, it is enough to trade, buy and invest with this digital currency rather than trying to understand what blockchain is.
Several authentic exchanges help you to trade and buy this digital currency. However, you should research and understand this digital currency before investing blindly. This virtual currency is a risky investment that requires thorough research.
Ease of global transactions
When you hold this digital currency, you are not limited to transactions within your country, but you can also transact globally. This virtual currency is the same worldwide, so you don’t have to worry about exchange fees. In other words, transactions using this virtual currency will be simple, whether you are sending money to a recipient across the street or across the world. Finally, the ease of global transactions is another reason why this digital currency is the digital gold of the 21st century.
Bitcoin is an unstoppable trend
Finally, when you buy this digital currency, you are participating in a huge business. Bitcoin is an invention that is here to stay and has survived several major waves, including ban attempts. If you decide not to invest or buy this virtual currency, you are always left out. Therefore, this digital currency is an unstoppable trend, another reason why it represents the future of gold.
These are the most important reasons why this digital currency has become the gold of the 21st century. Also, this digital currency is more secure than banks. Therefore, many consider it the gold of the 21st century.