You may have heard the term "Digital Gold" being used to describe Bitcoin, or even "a hedge against inflation", why is this?

 

Bitcoin is limited in supply, there will only ever be a maximum of 21 million in existence. Of which, around 19 million have been mined, leaving only 2 million left to be unearthed. This supply limit mitigates the issue of price manipulation and dilution through governments/political bodies as they are simply not able to create/print any more!

 

The limit is one of many reasons why people choose to invest it Bitcoin, they see it as a long term, appreciating, store of value. Bitcoin is very attractive to a large number of investors in other ways too, for example if they are worried about hyperinflationary events, bank failures or other disaster scenarios. Bitcoin can be seen as a deflationary, censorship resistant hedge against all of these possible outcomes, hence the terminology digital gold!

 

Lastly, over the last decade or so, more businesses, and payment systems alike, have grown to adopt cryptocurrencies into their ecosystems. Imagine a world where you can send money across the world to family or friends instantly, for less than $1 on most networks... Amazing! Now imagine when banks fully adopt this new technological advancement and begin investing in cryptocurrencies due to their store of value and use cases... The sky is the limit!