It is important to have a wallet to safely store the bitcoin and to spend the Bitcoin along with other crypto assets. Bitcoin is for everyone. There are propaganda that BTC is only for the rich and not for the rest. The reality is that it is for all.
It matters to have money that is free from bank charges, delays and fraud, to buy, to sell, to send, to receive. It is the key to economic freedom. Increasing numbers of businesses are accepting Bitcoin payment and there are many developers building on Bitcoin.
Sydney Ifergan, the crypto expert tweeted: “The power to send, receive, buy and sell is what money is about. If Bitcoin (BTC) can facilitate that without the extra hazards of fraud, delays and charges, there is no reason to say no to it.”
Major retailers have been accepting Bitcoin. Microsoft are staying up with times. They have been accepting Bitcoin for use in their online Xbox store since 2014. Reportedly, they stopped accepting BTC due to its volatility and they are accepting it again for strictly “Xbox store credits.”
Overstock, Namecheap, Newegg, Try Lolli, Try Purse.io, Gift card services, Coin cards, and Bitrefill are the other merchants named by Buy Bitcoin Worldwide in the past. The numbers have obviously increased mutifold.
In the past Bill Gates stated, Bitcoin is better than currency as there is no need to be physically in the same place. He reinstated on how currency can become pretty inconvenient when it comes to large transactions. He acknowledged that while traditional banking systems should be charging high fees, but that Bitcoin can help global transactions to happen at the low cost.
Also in the past Bill Gates had stated that he would bet against bitcoin if he could. “As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment.” This he said on CNBC’s “Squawk Box.”
So, even Bill Gates is probably not sure about Bitcoin and no wonder many of them are sailing in the boat and are apprehensive about it.
Bitcoin (BTC) Fed Losing Control
The Fed losing control over the asset bubble is yet another reason to look out for a new store of value. International capitalists have the problem of having to deal exchanges and rate fluctuations in business.
Further, Bitcoin is necessary to keep away from a range of influences like extremes of debt, leverage, inequality, legalized looting, monopoly, pay-to-play politics, speculative asset bubbles, and several other factors which are not good for money of any kind.
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