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Why should I buy bitcoins?

Why should I buy bitcoins?

There are many reasons why you should buy bitcoins. Let's mention a few:

  • Bitcoins protect your financial privacy.
  • Bitcoins are scarce. Bitcoins have a very limited supply  (of max 21 million bitcoins) and cannot be digitally printed as debt like fiat currencies.
  • Bitcoins are digital assets and are your digital property without third-party risks as long as you have implemented proper security measures to protect your private key.
  • Bitcoins are transacted peer to peer and not server to a client. Bitcoins are a form of free money without the interference of controlling third parties like banks. Bitcoin works without banks, without governments, regulators and other third-party authorities. It works on a plain level field on basis of decentralization and equality. It enables a new separation of powers, that of money from the banks and governments.
  • Bitcoins are not based on debt, they are debt free and based on the principles of sound money.
  • Bitcoins are extremely secure based on the best cryptographic standards and the network is not hackable. It is impossible to control the Bitcoin network by third parties.

  • Bitcoin replicates the functions of gold and is in line with Austrian economic theories on inflation and deflation. Might the world end up in adopting a Bitcoin Standard as a better alternative to a gold standard?

  • Bitcoin although digital is the hardest money humans ever have invented. I know, it is hard to wrap your mind around it. It takes time and study. That's why you would like to learn more about Bitcoin?

References and sources:

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  1. Pingback: BITCOIN VS DEBT - LiɃerBits

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