Bitcoin
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BTC · 3w

Stop Criticizing Bitcoin for What It Is Not, Learn to Appreciate Bitcoin for What It Does Best

Stop Criticizing Bitcoin for What It Is Not, Learn to Appreciate Bitcoin for What It Does Best

Bitcoin simply does what it is supposed to do.

The change of opinion regarding Bitcoin has been quite dramatic in recent months. The coronavirus pandemic, and the economic crisis it has triggered, has accelerated the change in the mindset of a growing number of people about Bitcoin.

Faced with the great monetary inflation that the actions of the Fed and other central banks have triggered, many have had to face the obvious: Bitcoin is the best hedge at our disposal.

Paul Tudor Jones was one of the first institutional investors to take an official position for Bitcoin instead of gold at the beginning of May 2020. Since then, the increasing number of purchases made by institutional investors through Grayscale investments shows that Bitcoin is being taken more and more seriously.

In the investment and banking world, Bitcoin is no longer a laughing matter. It is taken very seriously for what it brings the best at the moment:

Bitcoin allows you to protect your wealth over time in a way that is resistant to censorship.

In 2020, this is where Bitcoin’s greatest value proposition lies.

Some do not understand what Bitcoin’s greatest value proposition is in 2020

Some people are having a hard time perceiving it, I have a feeling. I still read criticism of Bitcoin that shows that many still don’t understand that Bitcoin was never designed to behave in the same way as the fiat currencies you use every day.

Bitcoin is digital gold. Bitcoin is a 2.0 version of gold. So Bitcoin is an improved version of gold to put it simply.

As designed by Satoshi Nakamoto, Bitcoin is first and foremost a secure and censorship-resistant system. Both of these attributes of Bitcoin come at a price. As you know, in life, and it’s the same in computing, everything comes at a price.

A computer system cannot be perfect in every way. The ...

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