BITCOIN AND DOLLAR FACTS
Among many cryptocurrencies, Bitcoin is doing very well day by day. So now it is very relevant to know about Bitcoin. Bitcoin is an electric peer-to-peer cash system, and for this reason, it has attracted many of its investors. So over two to five years, the FED printed an incredible amount of money. It was actually 13 trillion dollars as of 2021, just a few years ago.
Over the past two years, the United States Federal Reserve has seen 80 percent of all U.S. dollars in existence, thereby seeing the effects of debt there. As a result, the United States is now experiencing its worst inflation ever. Even as they begin to realize how flawed the system really is and how rigged the centralized currency is, they begin to better understand the importance of decentralized currencies like Bitcoin.
Bitcoin is the first market mover because it is the first cryptocurrency that ever comes out. As a result, Bitcoin now has the strongest recognition and credibility in the crypto industry. Bitcoin technically has no owner or manager, so it remains the most trusted cryptocurrency ever created. There is no possibility of any future human error in this project.
Bitcoin is not limited to this; it is a cryptocurrency that has been labeled as a commodity by the SEC and CFTC. One difference is that Bitcoin is not yet considered a security since it can be traded freely in traditional asset markets as well as on regulated exchanges. But it doesn't run the risk of being attacked by the SEC.
As a result, we can say that there is a possibility of getting exposure to Bitcoin institutionally. Here is a point to note, there are many old-school and traditional banks where many financial institutions come and invest some of their exposure.
There is no reason to forget that there were many public stock exchange-listed companies that went ahead and bought millions of dollars worth of Bitcoins. The demand for Bitcoin has increased across the world, as many countries and organizations are adopting it as their national currency. Countries such as El Salvador have spent a lot of time making Bitcoin their legal tender.
~ Regards,
VEIGO (Community Mod)
