Jasmine
VIP Contributor
Bitcoin and crypto market in general has crashed. Last time Bitcoin was $27K was in June 2021. Do you think this is the end of Bitcoin? Well, here are few reasons why Bitcoin will survive.
Decentralized Money
One of the major attractions regarding Bitcoin and all other crypto currencies is their decentralized nature. Cryptocurrency is completely driven by the demand and supply in the market, and controlled by the community. The value of Bitcoin is $X because the people believe it is worth $X.
Anonymity
People are interested in cryptocurrencies because of the anonymity attached with the transactions. When you use traditional financial system, you will not only have to give your identity but also show the source of money for large transactions.
Freedom to Make Money
In order to make money with the traditional economy, you need to work, you will have to depend other people and companies, however, with Bitcoin, you can mine and make money.
Decentralized Money
One of the major attractions regarding Bitcoin and all other crypto currencies is their decentralized nature. Cryptocurrency is completely driven by the demand and supply in the market, and controlled by the community. The value of Bitcoin is $X because the people believe it is worth $X.
Anonymity
People are interested in cryptocurrencies because of the anonymity attached with the transactions. When you use traditional financial system, you will not only have to give your identity but also show the source of money for large transactions.
Freedom to Make Money
In order to make money with the traditional economy, you need to work, you will have to depend other people and companies, however, with Bitcoin, you can mine and make money.