Bitcoin: Digital Gold and Safe Haven

Today we see the unfolding economic crisis very clearly. Let’s call it more precisely: this is the crisis of the fiat economy. We won’t talk about its causes, just look at the consequences.

With a high probability that the coming crisis will lead to a change of financial system, fiat can be replaced by cryptocurrencies. What place will Bitcoin take? Will it be a payment tool? This is unlikely. Bitcoin is good for individual purchases, but it is not very suitable for everyday retail settlements. These are both emission limitations and rather slow transactions. It is, rather, ideologically designed for constant cost growth. In its functionality, Bitcoin is similar to objects of investment, that is, what Cathie Wood called "digital gold".

A fiat crisis may also lead to the depreciation of traditional assets. Securities, various goods, and real estate can lose liquidity. The only exception is gold, a universal asset symbolizing value.

However, Bitcoin stands aside from the fiat economy, and, given the shortage of assets suitable for investment, it will retain liquidity and may become a "safe haven".

So, this is "digital gold" and "safe heaven". Who would have guessed a decade ago that leading financial analysts will seriously apply these epithets to Bitcoin? We live in amazing times.

#BitcoinSafeHaven #DigitalGoldFuture #CryptocurrencyRevolution #BitcoinValueJourney

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