A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency.
According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent
The world has ever seen and that most of them that are investing in it will be the ones to be rewarded.
I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!
Condensing the reasons to buy Bitcoin into one is quite a challenge. You should be aware that Bitcoin has a range of use-cases which make the fiat/monetary system obsolete, and is economically superior in many ways.
I'll choose the supply argument as the single reason to provide to you.
Every day, billions/trillions of dollars are created within the global monetary system, increasing its supply and devaluing the money that everyone uses for their day to day purchases. This is even more relevant in this time of global inflation, which is not projected to stop any time soon.
Bitcoin, on the other hand, only distributes new Bitcoin to miners on an average of every 10 minutes (in return for securing the network/ledger by validating new transactions). Every 4 years the reward distributed to miners is halved, and the total amount of Bitcoin that can ever exist is capped at 21,000,000.
The more money that is created globally, the less it is worth. The more economic trouble that countries find themselves in (usually due to large government debt and absurd interest owed to banks), the more they will print (or, the more that banks will lend to governments to pay the interest that (sadly ironically) governments owe to banks).
I am sure that you can see the flaw in the monetary system in comparison to the Bitcoin ecosystem just in this post alone and why Bitcoin is poised to increase in monetary value due to the supply of both systems alone.