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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.

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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

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