Bitcoin becomes a Store of Value

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When I heard that news that Argentina is facing a huge financial crisis, and has increased inflation rate, the nation's currency is surely screwed up because the rate is totally alarming. This is one of the main reasons why people are finding alternatives to fight for their money to be devalued. If they convert it into US Dollars $$, America is also facing the effects of inflation.

They have to find another and that's where Bitcoin comes into the scene. In fact, the demand for Bitcoin in Argentina grows to the point that the price there is higher compared to the regular price. This is because the demand for the said token is way higher and people are forced to buy at a pricier one or they'll continuously see their money losing its value.

If you'll look at how Bitcoin is performing, you'll see that it gets you a positive net worth in the last couple of years. One of the best features of this cryptocurrency is that it has a fixed 21m supply. This just means there's no central entity that can print more Bitcoin and the price is expected to skyrocket once people know they are missing the boat. I think we'll see more highs next year!

As the year go by, the mining reward gets halved and that's exactly the reason why Bitcoin scarcity will hit people on the ground. As we approach the year 2040, I think we'll see more people in FOMO buying Bitcoin. I bet the cryptocurrency and blockchain technology at that time has matured enough and the bad actors are already eliminated and the system becomes robust and secured.

Bitcoin becomes a Store of Value | Ecency