Bitcoin explained in 5 pics
Last updated
Last updated
Let's breakdown Bitcoin in images, personally I understand things better with visuals. 😏
1: The supply of fiat money (your local currency) is unlimited, Bitcoin is hard money because its supply is fixed and limited. There will only ever be 21 million bitcoin.
2: The prices of houses continue to increase in fiat money, and at the same time reduce in Bitcoin. Where would you rather save?🤔
3: Bitcoin is in its own category as a fully decentralised digital asset and currency which means it has no central authority. Then there is Crypto, which is thousands & thousands of tokens and protocols and memecoins and etc etc.😌
4: For many centuries, Gold has been the hedge against sociopolitical & financial crisis, the protection or haven during an economic collapse. Bitcoin is the digital gold of this century.
5: Folks have lost access to their savings in the bank because their account got frozen in error or even worse because the bank shutdown over night. Bitcoin monetary network is incorruptible and permissionless.
Conclusion (bonus meme): The global financial system is inflationary by design. You can either opt out by accumulating Bitcoin/Gold or watch your savings evaporate. 😎