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Bitcoin can fulfill these functions in 2022



 Bitcoin was once founded as a new type of payment method in 2009. 13 years later, the functions of Bitcoin go far beyond payment transactions. We summarize what the most important cryptocurrency can do in 2022 and how you can use it for yourself.

1st national currency

Bitcoin is no longer primarily a means of payment, but it has made it an official national currency in the last year. El Salvador, a small country in Central America, not only recognizes Bitcoin as a means of payment, but has even made it its own national currency. Furthermore, the mining of the coins takes place in the country with volcanic energy.

2. "Digital gold" and inflation protection

Over time, it became increasingly clear how price stable Bitcoin can be in the long term. In the short term, the price fluctuates very strongly. In the long term, however, the value will grow strongly. Since the Bitcoin as a good is limited to 21 million pieces, the value increases over time. That is why the cryptocurrency has been called "digital gold" more often. Especially in times of strong inflation, the value of the BTC increases as an inflation protection.

3. Property protection 

Based on the previous function, the Bitcoin can also serve to secure your own assets in the long term. As a decentralized currency, Bitcoin is very safe from access by third parties. In many countries, investments in cryptocurrencies also incur less or no taxes compared to other profits from other investment income.

4. Speculation object

Over the years, Bitcoin has also become an object of speculation. Both private and institutional investors speculate on the strongly fluctuating price of the asset and open short and long positions. With this you bet on either the fall or the rise in the BTC price. The high volatility is what makes the cryptocurrency so popular with many speculative investors who like high risk. 

5th Vehicle for Financial Freedom and Self-Determination 

In recent years, there has been a growing distrust of the increasingly aggressive states and the large financial institutions. Bitcoin is a symbol of freedom and financial self-determination. Its decentralized structure makes it immune to harsh government interventions such as expropriations. Cryptocurrency has become a symbol of financial self-determination.

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