I know about crypto and everything in general but I am having difficulty to understand one thing about it. Why crypto or bitcoin is better than money ?
I mean I know the block chain technology is revolutionary and it has many benefits, it is being used by all crypto. Money is used to buy goods and services and there are very less businesses accepting crypto and still the prices are rocket High.
This Crypto trend looks more like share market company evaluation rather a legitimate currency. Moreover all government have there own currency, goverment cannot let that sink and can ban these. Can someone explain to me the value of Crypto as a currency when compared to real money ?
I mean I know the block chain technology is revolutionary and it has many benefits, it is being used by all crypto. Money is used to buy goods and services and there are very less businesses accepting crypto and still the prices are rocket High.
This Crypto trend looks more like share market company evaluation rather a legitimate currency. Moreover all government have there own currency, goverment cannot let that sink and can ban these. Can someone explain to me the value of Crypto as a currency when compared to real money ?
If you take a "deep look" at crypto, you'll notice that it's far superior to traditional money (aka Fiat). For instance, you can send money across borders at a fraction of the cost of a wire transfer. Not only that, but no one can confiscate (depending on the situation, of course) or freeze your crypto funds. You and only you are the sole owner of your crypto. This means that crypto is outside the reach of central banks and governments alike. In times of turmoil, you can count on finite cryptocurrencies (like Bitcoin and Litecoin) for long-term wealth preservation. Bitcoin makes a good store of value with a limited supply of 21 million coins. Its decentralized and censorship-resistant design makes it "sound money" for the whole world to enjoy.
Of course, crypto is not perfect the same way traditional money isn't. Unstable prices, higher susceptibility to hacks/theft/fraud, and even lack of merchant acceptance, makes crypto an unattractive form of money for day-to-day payments. Fiat is a winner in this regard, because it's stable and widely-adopted by merchants and businesses alike. Whichever form of money you'll choose, that's entirely up to you. Just my thoughts
