https://youtu.be/9gbV4vC_LgE One of several benefits of Bitcoin is its low inflation probability. Traditional currencies suffer from inflation and they tend to lose their purchasing power annually, as governments continue to use quantative easing to arouse the economy. Bitcoin doesn't are afflicted by low inflation, because Bitcoin mining is limited to just 21 k units. That means the release of new Bitcoins is slowing down and the full amount can be mined out next couple of decades. Experts have predicted that your last Bitcoin will get mined by 2050. Bitcoin has a low risk of collapse unlike traditional currencies that count on governments. When currencies collapse, it leads to hyperinflation or simply the wipeout of one's savings straight away. Bitcoin exchange rate is not regulated by any government and is particularly a digital currency offered worldwide. One pitfall of Bitcoin is it's untraceable nature, as Governments and many other organisations cannot trace the source of your funds . |