What Has Fundamentally Changed in People’s Perception of Bitcoin Recently?
2022-05-03 14:39:58
Nowadays How Safe Is It To Buy Bitcoin And What Are The Best Precautions?
The last two years have shown how unstable the world economy really is. The COVID-19 pandemic made many countries print huge amounts of money to try to support people in need. The printing started driving the value of money down and powering the acceleration of inflation, together with the shortage of some products. This phenomenon is usually identified as a sustained upward trend in the price of goods and services in an economy. It also corresponds to the economy’s currency losing purchasing power. As a result, people tend to preserve the value of their savings by buying assets such as stocks, real estate, gold, and bitcoin. These assets should act as a hedge against inflation.
In the past, bitcoin was mostly treated as a purely speculative tool, but the narrative has changed in recent years. In thirteen years of operation, bitcoin price live has always been stronger than the previous year, except for the years 2015 and 2019. Because of this, many people and institutions have begun to see it as a long-lasting asset, which is not only able to keep its price relatively stable, but even outperform it. Because of the fact that bitcoin has a limited supply, it is seen as a true hedge against inflation somewhat similar to gold. Not to mention that it actually outperforms gold for instance what comes to portability and safety. Therefore, holding some bitcoin in your portfolio can be a good idea to preserve the value of your savings.
Nowadays, there are several ways to buy bitcoin from the more traditional ones like brokers or exchanges, to the more uncommon ways like DEXs (Decentralized Exchanges). Most of these have developed very effective user account protection systems over time, and some of them also have interesting insurance solutions.
The last two years have shown how unstable the world economy really is. The COVID-19 pandemic made many countries print huge amounts of money to try to support people in need. The printing started driving the value of money down and powering the acceleration of inflation, together with the shortage of some products. This phenomenon is usually identified as a sustained upward trend in the price of goods and services in an economy. It also corresponds to the economy’s currency losing purchasing power. As a result, people tend to preserve the value of their savings by buying assets such as stocks, real estate, gold, and bitcoin. These assets should act as a hedge against inflation.
In the past, bitcoin was mostly treated as a purely speculative tool, but the narrative has changed in recent years. In thirteen years of operation, bitcoin price live has always been stronger than the previous year, except for the years 2015 and 2019. Because of this, many people and institutions have begun to see it as a long-lasting asset, which is not only able to keep its price relatively stable, but even outperform it. Because of the fact that bitcoin has a limited supply, it is seen as a true hedge against inflation somewhat similar to gold. Not to mention that it actually outperforms gold for instance what comes to portability and safety. Therefore, holding some bitcoin in your portfolio can be a good idea to preserve the value of your savings.
Is It Safer to Buy Bitcoin or Gold? What Are the Differences?
It is known that gold has been a good store of value for many years, considering that governments and central banks have always bought and held it. However, we must also acknowledge that it is still a physical good, therefore confiscable and difficult to move from one part of the world to the other. Furthermore, knowing that gold has a very limited supply, we still don’t have a finite number. Bitcoin solves all these three limitations: as it is a non-physical asset it can be privately and securely held, easily transferred across the world, and it has a mathematically limited supply. Therefore, we can say that it is very safe to buy and hold bitcoin, especially now that its network has become much stronger than before.Nowadays, there are several ways to buy bitcoin from the more traditional ones like brokers or exchanges, to the more uncommon ways like DEXs (Decentralized Exchanges). Most of these have developed very effective user account protection systems over time, and some of them also have interesting insurance solutions.
What is the best practice to buy bitcoin?
The best thing to do is always relying on services with proven industry experience. These have improved over time in terms of professionalism and safety, becoming a point of reference for every type of investor. They do not only offer simple purchasing methods, but also dedicated custody and financial services. One of the best examples is Gate.io exchange, which has been committed to ensuring reliability and efficiency to users for years.Popular News
