Post
Topic
Board Beginners & Help
Re: Do Bitcoin Really Has Advantages over Fiat Currency?
by
Zlantann
on 08/08/2023, 19:29:12 UTC
If there are other advantages Bitcoin has over Fiat Currency do well to educate us. I will gladly appreciate your contributions.

Bitcoin can be used to bypass financial restrictions in a country. Sometimes the government can limit the worth of transfers or withdrawals citizens can make from their bank accounts. These restrictions can have negative consequences on individuals and businesses. But Bitcoin grants unlimited access to your money because no central body or government is controlling the system. Bitcoin can also be a vital tool for countries to invade sanctions. Most countries that have been facing economic embargoes have successfully invaded these restrictions using Bitcoin for international trade and payments.

Bitcoin is also good to save your wealth. Some people might claim that keeping your money in Bitcoin is risky because of volatility but many currencies are more volatile than Bitcoin. Just like other precious stones, one can preserve his wealth in Bitcoin. Hodling Bitcoin for a long time until the price the price appreciates is a good investment. Bitcoin is also a good business to invest in, if you have patience and guts.