Bitcoin Made Simple - Part 5 - Why Bitcoin?
Today I will look at the reasons why Bitcoin is superior to fiat currency.
In simple terms, there are 3 reasons for this namely
You are in control of your money with Bitcoin
Banks cannot lock you out
Govt cannot outlaw cash that you hold
Creation of more money is not in control of humans with Bitcoin.
The central bank cannot “print” more fiat money causing inflation
The monetary policy cannot be changed
It's very easy to do cross border transactions with Bitcoin.
No need to get permission
No need to pay high transfer fees
I plan to expand on these reasons in tomorrow’s post.