Bitcoin has been sitting on the crypto throne for almost a decade now. Today, it is virtually impossible for any other crypto coin to subdue Bitcoin’s dominance.
Still, Bitcoin is aspiring to scale more heights in the near future. It aims to get in a position where it can spend on every online shopping site. It may soon be a reality.
Carl Runefelt is a global crypto leader who has invested in more than 360 crypto startups. While speaking to his followers on his YouTube channel, The Moon, he said, “Everyone should at least hold one Bitcoin for success in cryptocurrency.”
He has become a billionaire in a few years, thanks to his consistent investments in Bitcoin with his bullish approach.
So what benefits does Bitcoin offer Bitcoin hypnotizes crypto investors and compels businesses to adopt it?
This is exactly that article that will lay down some of the core benefits of Bitcoin that no other offers.
No Intermediary, No Banking Fee
One of the biggest reasons that will make you embrace Bitcoin is that it does not involve any intermediaries in transactions.
The absence of banks and other intermediaries means no transaction fees.
Carl Runefelt says, “The best reason to invest in Bitcoin is the absence of physical institutions, which enable people to make transactions in Bitcoin with ease.”
So when you make a crypto transaction, all the authorized units are transferred to the other account. There is no mid-section break; your funds directly end up where they are intended.
This is the reason that crypto transactions are not reversible.
Carl Runefelt expresses, “Bitcoin is going up year over year and in times of uncertainty we’ve seen that people increasingly turn to Bitcoin as a form of money and store of value because Bitcoin is the only money in the world that has no political attachment. Your bank money can get frozen, or your gold can get confiscated but with Bitcoin, you can literally cross a border with your private keys in your head and you can travel the world with millions of dollars literally stuck in your brain. This is something that has never been possible before and we can see that people in times of uncertainty are using Bitcoin more and more and in the next few years if you believe that uncertainty will increase, I am sure Bitcoin will also increase.”
Lower Transaction Fees
It wouldn’t be wrong to say that Bitcoin is working as a domestic sector within the bounds of the country by assisting human developers.
Since cryptocurrency is a foreign exchange connected with a wire transfer that converts the currency, there are some transaction charges.
But with Bitcoin, these transaction fees are extremely low. How?
The cost-efficiency of the international crypto payments does not involve permission from the government or evaluating the price.
The Security is Invincible
Bitcoin payments are tremendously secure. There is a widespread misconception that Bitcoin can be hacked. It cannot be further from the truth.
Carl Runefelt clarifies, “I know that for the fact that you cannot hack Bitcoin. You can hack exchanges which is something different but not Bitcoin. It’s important to understand that you can hack YouTube, you can hack banks, or literally any internet company out there, but you cannot hack Bitcoin. This is because the blockchain is very robust.”
Furthermore, Bitcoin renders mobility and impressively gives good security and almost figures out the non-traceable options.
Bitcoin Maintains Anonymity
Bitcoin allows you to verify transactions while getting multiple addresses with a single account.
Let’s put it this way: Bitcoin is a form of decentralized accountability for worldwide payments. In fact, it is expected that a time will come when you can walk in and choose the selective system and applications of Bitcoin.
Bitcoin continues to impress investors with unimaginable returns while maintaining anonymity.
Carl Runefelt says, “Bitcoin rising 600% and hitting $300,000 this year, how? Well, first of all, I think that Bitcoin is the best hedge against inflation that we have in the world right now and Bitcoin is also the best form of money that we have and have maybe ever seen in the history of humans with that said, fiat is the worst form of money that we have seen in the history of humans, and I see a huge transition now where we’re gonna go more and more towards a crypto economy and I am super excited about that.”
Bitcoin – Unmatched in All Aspects
Bitcoin is the future by all means. No surprise investors are rushing to pour their funds and savings into Bitcoin. If you’re willing to get massive returns in no time, invest in Bitcoin since it offers unparalleled benefits.