Since its launch, Bitcoin (BTC) has emerged as the most stable cryptocurrency, thanks to its positive adoption, enhanced safety, and stability. Bitcoin is a digital currency that operates free from the influence of any central authority such as a bank or government.
It depends on peer-to-peer software and cryptography and its transactions are recorded in a public ledger.
Many global leaders have come forward in the support of Bitcoin and one such global leader is Carl Runefelt, alias, The Moon, who believes that Bitcoin is the best form of money. He says, “Bitcoin is genuinely game-changing and that it represents a massive transformation for the global economy and, indeed, the whole globe. It represents a paradigm change.”
He believes that Bitcoin has the potential to change the global financial system which is mired with the challenges of fiat such as inflation and corruption.
As Bitcoin is gathering widespread recognition, its trade charts present an excellent opportunity for individuals to understand it. Bitcoin trade chart in the recent past formed a McDonald’s pattern “M” that was some news for many. This pattern was promoted by many as it showed Bitcoin fluctuations over a period.
Let us find how important is Bitcoin for a secure future of cryptocurrency.
Understanding the Importance of Bitcoin
Bitcoin has gradually become the most stable and profitable cryptocurrency because of its increasing demand and higher value. The Bitcoin ledger ensures better profits and enhanced safety to individuals. Carl believes that Bitcoin presents the best opportunity for investment to anyone in the coming five to ten years.
He says, “I think within five years we’re gonna have another 10 countries at least that have made Bitcoin legal tender and I hope it’s big countries but even if it’s small ones I think it’s very cool.”
According to him, “The best reason to invest in Bitcoin is the absence of physical institutions that enable people to make transactions without any hassles. Bitcoin is getting popular with time as many believe it to be the best alternative to fiat.”
Carl further says, “Bitcoin now is accepted in more countries than gold as legal tender that means that Bitcoin is now more useful than gold which has been the form of money in the world for many years.” He is pushing for a crypto-based global economy and shares valuable information about Bitcoin on his YouTube channel, The Moon.
Is Bitcoin Safe?
Cryptocurrency is highly volatile, and its value can fluctuate at any time. However, Bitcoin has emerged as the most stable cryptocurrency, thanks to its safety protocols, which are designed in a way to give a fixed value to a single Bitcoin. The supply and demand of Bitcoin are more stable than other cryptocurrencies as extra Bitcoins are halved over the years.
Bitcoin has a clear edge over fiat as its entire blockchain is encrypted which eliminates the risk of fraud and corruption. Carl believes that Bitcoin would soon become the legal tender worldwide. He says, “Just a big shout out to El Salvador because being the first country out there like this is huge and this is going to put Bitcoin in the big main stage like it’s just going to be huge is there any country in the world that has gold as their legal tender because honestly, I don’t think so.”
Carl is pushing for the mass adoption of cryptocurrency and believes that cryptocurrency is better than fiat and gold. On buying his new watch with cryptocurrency, he said, “If I’m gonna pay exactly what this watch is worth then I’m gonna have to either find a gold bar which is exactly the right weight or I’m gonna have to use a bunch of small gold bars and either way it’s not gonna be very easy but with a crypto, I can send the exact amount and within seconds or minutes.” According to him, Bitcoin is set to reach unprecedented heights in times to come and its mass adoption will help get rid of fiat.
