Why I Bought Bitcoin

In my opinion,The subprime mortgage crisis was caused by the unreasonable over-issuance of currency under loose monetary policy. In this case, if there is a currency that limits the total amount of issuance and can never exceed it, will there be no financial crisis or a series of chain problems such as currency devaluation?

In my opinion,Money is being issued faster than bitcoin is being produced.So the value of Bitcoin will continue to rise.

The decline in people's demand for cash has also affected investors' future expectations of encrypted digital currencies to a certain extent. According to a sample survey report released by the Bank of International Settlement (BIS) in 2020, more than 50% of central banks have developed central bank digital currency (CBDC) due to the decline in cash demand. This fully shows that encrypted digital currencies, whether legal or not, are very likely to change the existing capital market and even the currency system in the near future.

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Why do you buy bitcoin?


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I still feel that long term investing in bitcoin is too risky. I mean that the thought of the threadrunner have the right to exist but the question of cryptos is still opened. There are some countries which prohibit usage of cryptos, and there are also the countries which support the idea of cryptocurrencies. So, now it is a great financial instrument to trade because of its volatility, but I feel that it is too early to think of investing in it for a long time.

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