Large companies have long been interested in Bitcoin and have already invested heavily in it. In this series – well-known PayPal, Visa, MasterCard, MicroStrategy, Tesla, McRock, even the Norwegian state, and many others.
A reserve trump card in the deck of economic instruments because everyday financial transactions are carried out on the blockchain platform of several million dollars. Transfers in bitcoin cryptocurrency are just as simple as usual. The amount in bitcoins can easily be transferred to Australia, China, France, or just to a friend who is sitting next to you. There are even automatic exchange machines in which you can exchange cryptocurrency (in the common people – “crypt”) for the currency of a state and vice versa. It all depends on the country where you are.
Bitcoin will only gain in price Experts are confident that bitcoin will only gain at price and by the end of this year, it will cost at least 2.5 – 3 times more than it is now. Thus, it will not only offset inflation but also preserve your savings. Bitcoin is used as a real currency, with which you can not only pay for coffee and cake but also buy or sell a house for it. Around the world. It is enough to install an application with a jack (wallet) on your mobile phone, which contains your crypt. The difference between bitcoin huge difference between Bitcoin is its decentralization and independence. It is the complete opposite of our traditional financial system. When the European Central Bank introduces the digital euro, banks themselves will no longer be needed. Ordinary people will conduct financial transactions without intermediaries. Banks in this chain will become an extra link. Unless, at first, they will help transfer money from their accounts to digital wallets. The more actively people use these wallets, the fewer banks will serve them.
Since the release of the digital currency will be handled by the Central Bank of the state, this currency will be central, like many other “coins”. This is the main difference between bitcoin and fiat money. There is no central institution that controls Bitcoin. It is impossible to manipulate him. At the same time, Bitcoin is a kind of basis for all existing cryptocurrencies. Blockchain platform The blockchain platform is constantly evolving. Over time, many additional applications will appear on it. For example, there is already registration of machines, tracking frozen food items for interruption of the refrigeration chain. In Panama, for example, you can buy or sell a house without a notary and official institutions. With blockchain, this is as simple a deal as selling a bicycle: you give me bitcoins, I give you a house. The sale itself is registered on the blockchain, and the buyer receives the so-called certified rights to a particular property. Or a car. Or a motorcycle. By the way, if you’re in a motorbike accident and need a lawyer, follow this link. Bitcoin as an alternative to the dollar and euro, In any case, bitcoin is a good alternative to the dollar or euro. As everything goes to the fact that the currency is depreciating, the ECB prints more and more additional money so that countries do not go bankrupt. There is huge inflation and, as a result, a financial crisis. In this chaos and amid not-so-bright prospects, Bitcoin promises stability and a kind of spare card in a dangerous financial game.