I have spent some time writing down all the reasons why BTC is here to stay. But - I have also came up with a list of the things that could bring BTC down. Be sure to follow me, to read the next one.
1. For me the most important one!
Decentralized nature: Bitcoin is decentralized, meaning it is not controlled by any government or institution. This makes it difficult to regulate or shut down.
2. A use case.
Peer-to-peer transactions: Bitcoin allows for direct transactions between individuals without the need for a central authority. This allows users to bypass traditional financial systems, making them harder to regulate.
3. Safe, but only if you know how to use it.
Strong encryption: Bitcoin transactions are secured using strong encryption, making it difficult for hackers to steal or tamper with them.
4. The community.
Large and growing user base: Bitcoin has a large and growing user base, making it more difficult to shut down or regulate.
5. Available wherever there is a connection.
Global reach: Bitcoin is used in many countries around the world, making it difficult to regulate or shut down in just one location.
6. Use cases!
Increasing merchant acceptance: More and more merchants are accepting Bitcoin as a form of payment, making it more difficult to shut down or regulate.
Open source: Bitcoin is open-source software, meaning anyone can view and modify its code. This makes it difficult to control or shut down.
8. Custody
Immutable ledger: The blockchain LEDGER is immutable and can't be altered, making it difficult to tamper with.
9. Interesting for the poor and rich.
More and more financial institutions are showing interest in Bitcoin, making it more difficult to shut down or regulate.
10. Send BTC to anyone, anywhere.
Borderless transactions: Bitcoin can be sent and received anywhere in the world, making it difficult to regulate or shut down.
11. Limited supply.
Scarcity: Bitcoin's total supply is limited to 21 million, making it a scarce digital asset.
12. Digital gold.
Store of value: Bitcoin is seen by many as a store of value, making it difficult to shut down or regulate.
13. Unstoppable
Resilience: Bitcoin has proven to be resilient in the face of multiple crises and market fluctuations.
14. Growing acceptance.
Increasing mainstream acceptance: Bitcoin is becoming more mainstream and widely accepted, making it more difficult to shut down or regulate.
15. Constant development.
Growing infrastructure: Bitcoin has a growing infrastructure of exchanges, wallets, and payment processors, making it more difficult to shut down or regulate.
16. Stronger and stronger.
Increasing investments: Bitcoin is increasingly being viewed as an investment, making it more difficult to shut down or regulate.
