Bitcoin was born in the previous financial recession just over a decade ago. Its birth was a motive to do apart from the current broken system by creating a peer-to-peer digital currency without the need of a third party (bank).
The properties of Bitcoin and its explosive potential were not apparent in the earlier years with having very little value per coin. As it started gaining traction its key qualities also were noticed, above all it's fixed supply of 21 million. Prior to this no other asset known to man had a finite supply, encouraging holders to keep 'holding' instead of using it as its intended purpose, a means of payment. Holding and the issuance of new Bitcoin being cut in half every 4 years started to cause a lack of supply while demand increased and still is rapidly at which morphing Bitcoin from a form of money to a store of value.
Bitcoin is no longer being exchanged for goods or services (in many cases) like it was in its early days. It's more used as a form of store of value just like gold, but unlike gold it is more scarce, we know exactly how many exist and many will exist in the future. This has made it into something we did not expect, welcome Gold 2.0. The price is expected to continue to rise as cryptocurrency is adopted by the world.
Help spread the word of this new financial system, feel free to forward this to your contacts who may not be into crypto yet and want a basic understanding of the fundamental priorities without the technology wizardry words, ensuring its beginner friendly.
Thanks for reading,
Vee
