Skip to main content

WHY BITCOIN IS THE ULTIMATE WEALTH PRESERVATION TECHNOLOGY

 


What makes a good investment?

When different stores of value compete with each other, it is the unique & distinctive qualities that make a good store of value that allows one to outperform another. The characteristics of a good store of value are durability, transferability, fungibility, divisibility and, most importantly, scarcity. All of these characteristics determine what is used as a store of value. Jewelry, for example, may be scarce, but it's easy to destroy, not divisible, and certainly not fungible.


Gold fulfills these properties much better. Over time, gold has replaced jewelry as mankind's preferred technology for preserving wealth, and has served as the most effective store of value for more than 5,000 years. However, since the introduction of Bitcoin in 2009, gold has faced digital disruption. Digitization optimizes almost all store-of-value functions. Bitcoin , then, not only serves as a store of value, but is also an inherently digital money that will eventually overtake gold in the digital age.


Why Bitcoin is the ultimate wealth preservation technology

Bitcoin versus real estate

Given the high rate of monetary inflation in recent decades, simply holding money in a savings account is no longer sufficient to preserve money's value. This is an illusion. As a result, many people hold a significant portion of their wealth in real estate, which has now become one of their favorite stores of value. In this capacity, Bitcoin competes with real estate.


However, bitcoin is rarer, more liquid, easier to move, and harder to confiscate. It can be sent anywhere in the world at almost no cost and at the speed of light. On the other hand, real estate is again easy to confiscate and very difficult to liquidate in times of crisis, as seen recently in Ukraine, where many turned to Bitcoin to protect their wealth, accept remittances and donations, and meet their daily needs. So choose wisely!

​Conclusion

Bitcoin is the best wealth preservation technology for the current digital age. It is absolutely scarce, digitally native bearer value with no counterparty risk, it cannot be inflated and it is easily transportable. A digital store of value that can be transmitted over the most powerful computer network in the world.


Considering that the Bitcoin network could theoretically store the entire $530 trillion of wealth in the world, it's perhaps the most efficient way we humans have ever found to carefully store our own worth. Holding bitcoin will protect your wealth and likely increase it during that early monetization process - if you hold out for the next few decades.


I recommend a long investment horizon, a lot of patience & trust - because with Bitcoin you no longer have to trust any government or bank, you take on personal responsibility.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FireFaucet - An earning site that pays better for some than Cointiply

Comments

Post a Comment

Popular posts from this blog

BlackRock launches crypto ETF, certifies massive growth potential for crypto market

  Influential asset manager BlackRock has launched a blockchain index fund (ETF) that offers investors a way to invest in the crypto industry without having to invest directly in related cryptocurrencies. Accordingly, the world's largest asset manager, which currently has assets worth almost 10 trillion. US dollars managed, the so-called Blockchain and Tech ETF (IBLC) was launched this week. The $4.7 million ETF does not invest directly in cryptocurrencies or crypto investment products, but instead tracks various companies within the crypto industry. The ETF is made up of 41 different securities, of which the American crypto exchange Coinbase accounts for the largest share at 11.45%. They are followed by the Bitcoin ( BTC ) mining companies Marathon Digital Holdings (11.19%) and Riot Blockchain (10.41%). To still leave room for future investments in the crypto market, the ETF has a 9.15% cash component in US dollars. In addition to the launch of the new ETF, BlackRock has also publ...
Post a Comment
Read more

Not a bear market: According to the analyst, the current BTC decline is the same as in previous Bitcoin cycles

  According to one analyst, Bitcoin is behaving the same overall this year as it has in previous cycles. Bitcoin ( BTC ) will have “at least one more boost higher” before hitting all-time highs this halving cycle, analysts are currently saying. The well-known analyst TechDev has spoken on Twitter about the current state of BTC and said that contrary to many opinions, nothing unusual has happened in BTC/USD in 2022. Bitcoin in 2021: Nothing to see here Sentiment has also taken a hit, falling 40 percent from November's all-time high of $69,000. There is still “extreme fear” in the bitcoin and altcoin market. TechDev, known for his bullish views on Bitcoin, sees no reason to worry. He analyzed the new wallet addresses in relation to course behavior and shows here that the scenario from last year was by no means an isolated case. Back then, the number of new addresses made lower highs while the price made higher highs. "In 4 of the 6 corrections, there was divergence with price ma...
Post a Comment
Read more

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more