Since the very genesis of bitcoin, this new type of asset has been gaining ground as a refuge to the sovereign risk of each country . And not only in the face of acts of corruption or irregularities in each nation, but also in the manipulations that governments usually carry out with their currencies and that have suffered so much for a decade, for example, in Argentina.
Bitcoin is a haven of value because the number of units that will be issued for a decade is already known and until that process ends, in about 120 years . Being certain of its broadcast makes it undoubtedly extremely interesting and predictable, but it is not convenient to just stay there. The most interesting thing is that more than those 21 million will never circulate. That is important in an asset, since at the time the only moderately scarce asset was gold.
So, Bitcoin is the first 100% digital asset that is finite, immutable, of which we have mathematical certainty about how many will exist and when. But there are some of the more interesting questions still: that it is open and free. These characteristics make it an asset to which, to access, a person must not ask anyone for permission. In addition, the possession of it corresponds exclusively to its buyer and it is he who has control over it, a condition that can make it very precious for all those who lived in a "corralito", for example.
Bitcoin is the first 100% digital asset that is finite, immutable, of which we have mathematical certainty about how many will exist and when
Another issue to take into account is that bitcoin as an asset is uncorrelated from any other type of asset. This makes it easier to diversify the risk in an investment portfolio, allowing profits to be made when the rest of the assets fall. Although this is only a current condition, and given by the "little" liquidity that the asset has, today close to 200 billion dollars, it is expected that it will change as more funds from the institutional world turn over, causing have higher correlation and lower volatility, a real condition for which Bitcoin is widely criticized today.
Today, for any investor, betting on a fiat currency, the one issued by the states, is an option, since it is technically a source of value protection. It is important to analyze some factors, such as inflation, when choosing the currency, a variable that undermines the value of this asset over time. And something that is very much in vogue lately, which has to do with socio-political issues, like the trade wars that are being experienced between different countries. Taking this into account, should an investor choose to have his investment in an asset like the dollar versus bitcoin, which is oblivious to all these variables?
Ignoring all these variables speaks of the strength of bitcoin as an investment and store of value. Its decentralized and distributed nature make it an asset that is very difficult to attack. Not having an identified creator makes it an instrument without a single point of failure, as is the case with other currencies or technologies. The sum of all this, although they seem issues that make it seem weaker, make it an "anti-fragile" asset, which grows stronger as it is attacked.
Finally, and since bitcoin is the union of technology and finance in its purest expression, it is interesting to invest in a piece of innovation that may be bigger than the Internet. Why? Because bitcoin is the native money of the Internet and it is what this technology lacks to finish revolutionizing the world. It is no coincidence that Facebook has launched a project like Libra (its own cryptocurrency) in which it intends to meet this need through a perfect network of solutions that we use every day. We are facing a revolution of those that happens once every many decades.
