Case For BTC
I am a big time believer in decentralized cryptocurrencies, since my first encounter in college during 2018 where I took a course in blockchain and later in cryptography to understand what happens under the hood for these chains.
The next logical upgrade in how we transact with each other has to be this, all other alternatives are not democratic and are skewed towards centralized power.
Why I have very low faith in fiat currency I have been burnt holding fiat currency in my account.
Government of India ( could be applicable to other governments as well ) has somehow normalized this weird way of printing more money for any problem they face diluting everyone who is holding their currency without even properly notifying it's holders.
Majority of the population doesn't even know when or if their money has lost value. They get to know via the markets when they are not able to buy things i.e. when the damage has already been done.
With the current technology it is very much possible to notify all citizens & do a voting before diluting their money.
I personally have a first hand experience of how inapt the Indian government is, so as a citizen I cannot trust the government with my money - the only thing I can do is decrease my exposure to their currency ( i.e. rupee )
Why BTC and not Gold ? disclaimer: I do have gold in my portfolio but I prefer BTC more.
Gold comes with a problem of storage, movement and partial transactions. In case if you travel like me - imagining gold is kind of weird + transacting with it is more weird - you need to convert it into some fiat currency and then only you can transact which comes with some boundations + you will face a lot of scrutiny at airports or by government + conversion charges.
BTC on the other hand is a literal currency, which is getting accepted more and more ( need to contribute to it's adoption as a developer )
BTC & ETH ( )
© Abhishek Kumar Singh.RSS