Owning Bitcoin has several advantages over traditional investments like gold, stocks and bonds. Bitcoin has several features that truly make it a unique investment:
Decentralized. Bitcoin is ran by a system of computers that’s not connected to any business or government. The system features redundancy that keeps the Bitcoin network from getting hacked.
Open. Anyone can use the Bitcoin blockchain, copy the Bitcoin blockchain, fork Bitcoin or build on top of Bitcoin.
Immutable. Whatever is done on the Bitcoin blockchain can’t be undone.
International. Anyone who wants to receive Bitcoin can receive it no matter where in the world they live. They just need an internet connection.
Limited Supply. There will only be 21 million Bitcoin minted by the year 2140.
Here are the practical use cases that Bitcoin brings to those who use it and hold it.
An asset class that is not tied to fiat money. Assets like stocks, bonds and even real estate are dependent on currencies like the US Dollar while Bitcoin is not. It’s true that Bitcoin has not been tested in a hyperinflation market but theoretically it should be a great hedge.
Because Bitcoin is international in nature it’s great for world travelers, international businesses and those who want a hedge against unstable governments.
It’s limited supply also makes it’s price steadily rise in value as more people adopt it.