A smart investor is concerned about hedging their bets. Governments and economies around the world seem to be in a state of flux. Pandemics, food shortages, and social unrest are impacting the stability of governments and financial institutions that were at one time thought to be impenetrable. Now, many people are losing confidence in the currencies that the world’s governments offer.
Bitcoin is a hedge against risk. As the value of currencies around the world degrade and as people are facing challenges as a result of a volatile economy, many are turning to Bitcoin as a way to provide added protection for their investment.
What’s nice is that since there are many brick-and-mortar stores and e-commerce stores that accept Bitcoin, people can buy Bitcoin in Orlando, Florida with greater frequency. Many see Bitcoin as a type of security against currency devaluation. As economies become more unstable, the power and value of Bitcoin becomes more apparent.
When Bitcoin first came on the scene, it seemed like a currency of the Wild West. Very few people used it. Those who did may appear to have been on the fringes of society or at the cutting edge of technology. Now, Bitcoin use is so common that it is easy to buy Bitcoin in Orlando, Florida at an ATM.
Bitcoin is a revolutionary currency. The fact that it can be used all over the world sets it apart from other currencies.
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