Sunday, 18 December 2022

What is Bitcoin for you?

Based on my research from books ,podcasts, videos, articles etc.

Bitcoin is:

  1. A peer to peer way of transferring money without need of a 3rd party
  2. A method of saving that can't be confiscated by the government
  3. A long term (10 years plus) hedge against inflation
  4. Hard money that can't be counterfeit
  5. A pension fund for your retirement when you turn 60-70 yrs old.
  6. A safe way to store value in the long term as long as you keep your seed phrase/pass phrase safe
  7. A way to help improve the lives of people in countries where the government has hyperinflated their native currency (ex. Venezuela, Turkey, Lebanon etc.)
  8. A path to long term generational wealth

How about you? What is Bitcoin for you?

submitted by /u/TheGreatest34567
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