Bitcoin is inevitable and the best asset in the 21st century, these facts are not up for debate.

avatar

Bitcoin is the most criticized asset that I know, mostly during a bear market, we literally lose account of how many times it is and would be pronounced dead but once there is a bull market a those that call it dead, will either run into their shell or call it a bubble, it had become a norm already, it even happened recently when Bitcoin was trading below $19k to $18k and it was expected was pronounced dead once again, and when it came back to $20k then later went above $21k about a day or two days ago, all the bitcoin and crypto critics who taught the bull was coming all ran into their shell as usual and when the price came back below $20k a few hours ago they all came back but got shut down real quick as the price is now above $20k once again, Bitcoin has already proven itself to be the best millionaire creator of our generation and best asset in the 21st century no doubt about that.

Tutorial Youtube Thumbnail Make Money - 2022-06-22T164403.590.png

According to former crypto skeptic now turned Bitcoin maximalist Michael Saylor who now believes that Bitcoin is the best asset in the world and that is not up for debate or inevitable, I also like the fact that he puts his money where his mouth is, the last time I checked he was down $1.6 billion in unrealized losses and he is still not panicking, that shows how much he believes in Bitcoin and is committed.

Bitcoin is the only digital scarcity, backed by the world’s most secure computer network, and meets the fundamental need everyone has for a long term Store of Value.

The 21 million limited supply of Bitcoin makes it deflationary. No one can devalue Bitcoin because it has a finite amount and more of it can not be created or printed, just like how the central banks do with fiat money. Let me explain what I mean using a real live product, I will be using pizza because the first bitcoin transaction was done in a pizza store when 10k Bitcoin was used to pay for 2 pizzas, that been said If you ordered a pizza and you take one slice out of the 8 slices, but then divide the remaining 7 slices of the pizza into a million pieces, you will still have 1/8th of the total supply of the pizza, regardless of how many smaller divisions there are. The 21 million limited supply of Bitcoin will always be that and never more. Bitcoin is a scarcity, store of value, a long-term investment, and on a large scale it has outperformed every asset including Gold that is commonly used by critics to compare it.

And the adoption of Bitcoin is increasing every day, which makes it a high-demand asset with a limited supply and that is a recipe that makes the price of an asset increase in value, so that is also an indication that the price of Bitcoin will definitely increase despite the current market condition.

THANKS GUYS FOR READING MY POST.

PLEASE FOLLOW ME ON:
Discord: onwugbenuvictor#3447
Twitter: @VictorOnwugbenu

Posted Using LeoFinance Beta

neoxian ctp vyb proofofbrain archon cent palnet blog leofinance
0
0
0.000
5 comments
avatar

I beg to differ.

Bitcoin started the crypto revolution. As time goes on, there are so many viable crypto where you don't necessarily need BTC to go to the moon and have that scarcity mean anything.

As crypto becomes more and more mainstream, there is no reason for another coin to not be the dominant one over Bitcoin. When that happens, the 21M argument can be thrown out of the window.

0
0
0.000
Reply