Bitcoin serves as an alternative to the government-issued fiat currencies we are all so familiar with. And Bitcoin doesn’t discriminate, allowing individuals worldwide to access, purchase, and trade it independently via their devices, regardless of gender, race, or cultural background. Additionally, it shields against inflation. Unlike the dollar and other fiat currencies, Bitcoin has a fixed supply and cannot be created out of thin air. The temptation to “print” money has been too strong for leaders in developing countries from Argentina to Venezuela to Nigeria, where citizens can do little but watch their life savings steadily lose value. Bitcoin, by contrast, remains immune from government control and the risks of an overinflated money supply. It enables individuals to potentially stay afloat during economic crises and safeguard their hard-earned savings.
Jun 10, 2024
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