Bitcoin is the best performing asset of the last decade The largest digital token, btc, has posted gains of more than 10,000,000% since July 2010
If you invested $1 in bitcoin at the start of the decade, it would now be worth more than $100,000 In an era of weak dollar, Bitcoin is now generally regarded as a tool to hedge inflation 15 March 2020: the Federal Reserve announced it would purchase $500 billion in US Treasurys
23 March 2020: the FOMC expanded QE purchases to an unlimited amount 18 May 2020: its balance sheet had grown to $7 trillion As governments across the globe continue to inject liquidity into the global economy, inflation is expected to rise and that’s why Bitcoin is a stronger currency than the dollar Bitcoin is recognised as an alternative to gold or known as virtual gold and is increasingly used as a hedge against inflation and weak USD BTC holds a maximum supply of about 21 million digital coins of which there are about 18
5 million in circulation It has the characteristic of scarcity The main and most widely used and proven use case for digital assets is value transfer Bitcoin has proven again and again that digital assets and blockchain can be used to send value quickly, safely and securely, anywhere in the world without intermediaries and without manual intervention There was a whale transferred the equivalent of $2
24 billion in bitcoin for less than $7 A lot of the costs for transactions an intermediary validation costs will be taken out and thus creating a much more efficient market
