Review on Bitcoin by sakira kisa
best safe asset for now
We know that the pandemic is happening all over the world, almost all of their economies experienced a drastic decline, besides that bitcoin as a virtual currencies are now safer from spreading viruses, because most know that paper money can cause a rapid spread of the virus. I believe now and in the next few years bitcoin is safe to be a safe place to store assets and even its value will increase, because bitcoin has passed through halving which historically its value has always increased.
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halving is the process of reprogramming bitcoin which deducts miner income from the process of decomposing mathematical algorithms to produce bitcoin. currently miners get 12,5 btc/block which will be mined in May and will drop to 6,25 btc/Block. so if you want to buy bitcoin, don't hesitate. the value will be higher than now after halving occurs.
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Pros
- virtual money safer from spreading viruses
- limited, so it will be expensive in the future
- efficient and transparent
Cons
- still very limited to be used as a payment transaction in real life
- can be used as a place for money laundering
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Comments (1)
June 06, 2020
Bitcoin is a safe heaven at this time but also could be a disaster! Because with its volatility, it can bring two sides of the coin, one is a benefit and other is inflation due to its high volatility
