Why is bitcoin the best savings account.

in #bitcoin7 years ago

Bitcoin has a big advantage on fiat money.

This advantage is that fiat money is being created and bitcoin is becoming less and less

A savings account will only result in less buying power with your money. Even if you get a little interest, which is minimal nowadays your money is getting less worthless. This is precisely the purpose of keeping the economy running, everyone has to make more depth and saving is made unattractive.

The saving of bitcoin is exactly the opposite, never more than 21 million bitcoins are taken into use. These are created by solving a difficult mathematical formula. We also call this a minning. The last bitcoin is created around 2040 and the closer we get on that date, the fewer bitcoins are created.

With increasing popularity of bitcoin and a limited supply. If we look at this de demand will be bigger and the supplied less that will lead to higher prices

()

Sort:  

Congratulations @freelife1976! You have received a personal award!

Happy Birthday - 1 Year on Steemit Happy Birthday - 1 Year on Steemit
Click on the badge to view your own Board of Honor on SteemitBoard.

For more information about this award, click here

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @freelife1976! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 3 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!