Review on Bitcoin by Uros Zigic

Name: Bitcoin
Item: Bitcoin
Rating: 5

May 25, 2021

Bitcoin is Gold 2.0

Bitcoin is the first and currently largest cryptocurrency. It is created in 2009. It has a limited supply of 21M coins and is fully decentralized via blockchain technology.
Due to these characteristics, bitcoin is a great store of value.
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I believe bitcoin is going to be the new gold. It has all characteristics of gold plus is much much easier and quicker to transfer.
Bitcoin and the whole crypto world is FIXING one HUGE PROBLEM in the financial system currently, and that is inflation of the dollar and huge printing of dollar that is killing it faster and faster.
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Bitcoin is going to be used as gold is used now, as a store of value and very stable investment that is independent of stuff that is happening in the world.
But bitcoin is not going to become a new dollar, it doesn't have the capacity for that many transactions in a short period that is needed for a currency that is used for everyday stuff, for that there will be other cryptocurrencies.
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