Bitcoin has been around for more than a decade now, and it has been declared a ‘bubble’ more than 3300 times by mainstream media. Yet, the pervasive nature of bitcoin has meant that Bitcoin has become a real threat to conventional financial systems.
Bitcoin is unlike conventional money in that it cannot be printed when a government runs out of money, which is often what happens to fiat money, like Rands, Dollars, and Euros. As it stands, there are 21 million bitcoins in the world, and the final one will come into existence in 2040. It is predicted that bitcoin will one day be the scarcest commodity or currency in the world.
How much do you need?
While a single bitcoin is currently trading at nearly R165 000, even owning 0.2 or 20% of a bitcoin, could place you in the position to take advantage of Bitcoin’s future growth. As more and more people start to realise the potential of this cryptocurrency, demand will increase and the value will increase.
There a number of advantages in investing in bitcoin:
1. It is a new asset class. Cryptocurrency is a completely new asset class, and as Bitcoin gains momentum, it will likely start to show up in pension funds and on the recommendations lists of advisors in the near future.
2. It performs independently of other markets. Bitcoin remains unscathed when the stack market experiences crashes or drops. This isn’t surprising, considering bitcoin actually came about as a result of the stock market crash and financial crisis of 2008.
3. It doesn’t devalue like cash. Hyperinflation in countries like Zimbabwe and Venezuela mean that money can become worthless overnight. Bitcoin, being finite in nature, means the currency is able to avoid that problem completely.
4. It can’t be confiscated. In many countries, fiat currency can be frozen by the banks. Because bitcoin isn’t controlled by the central bank or the government, only the person in possession of their bitcoin wallet keys has control of the money, with no government intervention possible.
5. It will make you question what you already know. When was the last time you gave thought to where the value of money comes from, or who controls your money? The existence of money in its current form is something we often take for granted. However, cryptocurrency is quickly showing us that government doesn’t have to control our funds, money doesn’t have to be stored in a bank, and that currency can be immune to hyperinflation and corruption.
Bitcoin was created as a way to help people reclaim power over their own economies. Today, bitcoin is not only giving people across the glove the ability to do just that, but it is a proven successful investment, one worthy of the title of the future of money.
offers an opportunity to share on the gains made by Bitcoin and work towards achieving financial freedom.