Bitcoin: The Digital Gold and Why It Is Finally Time To Start Taking It SeriouslyBillionaire investor Mike Novogratz recently labeled Bitcoin as “Digital Gold” further fueling the fire to the frenzy surrounding it, which was already at a fever pitch, especially since Bitcoin hit an all-time high this week. It is decentralized which means that unlike modern fiat money, Bitcoin is not controlled or backed by any bank or central government authority. So whether you’re more of a mere spectator watching its development or simply a Bitcoin novice, here are 4 reasons why you need to start taking the Bitcoin evolution more seriously? This limit effectively makes Bitcoin inflation-proof, giving it a massive advantage over fiat currencies and allowing it to retain its value. Better SecurityAll transactions made with Bitcoin are transparent and available to the public even if the people involved are anonymous.
Source: Nigerian Tribune October 31, 2020 11:59 UTC