Three Reasons that Says Bitcoin is Going to Stay

Bitcoin was born on the residual of a huge economic recession in 2008, and the core motto for the born of this giant was to have a digital cryptocurrency that was not controlled by any third party and is completely decentralized in nature. Bitcoin works on the technology of Blockchain. Here each and every transaction is recorded as a form of a ‘block,’ and it is accessible to everyone within the network. This acts as a ‘public ledger.’

If you are thrilled to see in Crypto Trader official site in the last few months, please keep worries aside. Bitcoin isn’t going anywhere for a long span of time!

In this post, we will discuss few reasons why Bitcoin is not going anywhere and it surely is going to stay.

Widely Accepted

The first and foremost reason for the stable and thriving future of the steep decline of Bitcoin is it is widely getting accepted. Companies such as Microsoft, Paypal, KFC, Pizza Hut, and many more are accepting Bitcoin as their major payment methods. Bitcoin is well established SoV, and it is a digital currency that cannot be diluted during extreme inflations. Secondly, with the limited supply of Bitcoin up to the mark of 21 million, the value will keep growing, and the supply will be limited. Thus, Bitcoin holds the long-term store value in comparison to other cryptocurrencies.

Since the last couple of years, the world of cryptocurrencies has been very happening, from acquiring lots of investors, and the invention of other cryptocurrencies such as Litecoin, Ethereum, Chainlinkm, etc. does have thriving value and market, but not a single one of them has been able to match the competition of Bitcoin. Bitcoin has a huge mass adaption which makes it to be the top dog of Cryptocurrencies. The volatility of Bitcoin is unmatched, which means you can fulfill your dream of becoming a millionaire overnight. Due to the absolute scarcity of the Bitcoin Supply, the prices or the value will keep increasing over a period of time.

Bitcoin is a decade-old cryptocurrency that has raised the heights of its value within the last 12 years. Within this journey, Bitcoin has suffered many ups and downs, and it has always come out stronger. In 2021, Bitcoin hit the value of $60,000. No other crypto has been able to conquer even half of the market capitalization. Bitcoin has always been a leader. Even after the drop in its value, Bitcoin is still fancied by lots of investors.

Attractive investment tool

Additionally, Bitcoin has the upper hand over other investment platforms such as stocks and mutual funds. Bitcoin is an attractive investment because of the tax relaxation while leveraging the losses. Bitcoin and other cryptocurrencies are not abode by the wash-sales rules. Another advantage of Bitcoin is ‘Easy Liquidity’.Liquidity plays a major role when it comes to assets. Bitcoin is gaining mass acceptance due to this factor too. Worldwide trading platforms such as bitql app, etc., have made it easier to convert the money of Bitcoin into cash.

Decentralized nature

The decentralized nature of Bitcoin is one of the factors contributing to its tremendous growth. Bitcoin is less prone to manipulation or inflation due to its decentralized nation. The whole process of working upon the technology of blockchain, where each and every transaction is registered as a block and serves as a public ledger, was considered to be risky during the initial years of Bitcoin, but now the same decentralized nature is the one responsible for its popularity. Bitcoin is a peer-to-peer digital currency which means selling and exchanges can be done without any interference from third parties such as banks or other governmental institutions. All the transactions and records are public, which means Bitcoin is less prone to manipulation.

The world of Bitcoin is plagued by only one thing, which is growth. Trading in Bitcoin or getting started with cryptocurrencies is now comparatively very easy. Various trading platforms are serving as the perfect guide for Bitcoin. These were the reasons for reinforcing the stability of Bitcoin in the near future ad more. Bitcoin’s story of success in the past decade is proof that Bitcoin is a huge and successful cryptocurrency. And Bitcoin is not going anywhere and will stay for a longer span of time.