Is the best asset.
- It is the only property in the world that as price goes up, more of it does not get produced- there is a 21 million coin limit.
- It is easily portable in large sums (unlike precious metals).
- It cannot be "hacked". A bank or brokerage account is easier much easier to be hacked than Bitcoin.
- It provides freedom from inflated Fiat currencies.
- It cannot be confiscated (unlike precious metals).
Bullish factors coming up:
- Halving in 2024.
- ETF coming soon (SEC has until 10/13 to appeal Grayscale ruling).
- Changes in FASB accounting rules make it easier for companies to hold Bitcoin on balance sheets.