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What Are The Benefits Of Bitcoin? - Investment - Nairaland

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What Are The Benefits Of Bitcoin? by Larynxhedon: 11:40pm On Dec 11, 2022
1. Accessibility and Liquidity
Since it only takes a few minutes to transfer bitcoins to another user, they can be used to purchase goods and services from the ever-growing list of places that accept them.

2. User Anonymity and Transparency
This ensures there’s no public tracking, and transactions can’t be traced back to the user even though they are visible on the public blockchain.

3. Independence From Central Authority
It gives users autonomy and control over their money because the price isn’t linked to government policies.

4. High Return Potential
Bitcoin rose from $5,000 in March 2020 to an all-time high of $69,000 in May 2021. Another major reason to buy bitcoin right now or DCA (dollar cost averaging) if further dip.

5. Security
If your bitcoins are kept in an exchange that prioritizes security over users’ funds, then you should consider yourself lucky.

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