If you think #Bitcoin is useless, you haven't spent enough time learning about it.
Here are some basics that EVERYONE should know:
(THREAD 👇)
Here are some basics that EVERYONE should know:
(THREAD 👇)
Money is a ledger: a list of transactions that proves who owns what, based on debits and credits.
Currently the ledger is controlled by central banks, who create and control money as they wish.
#Bitcoin is a ledger that NOBODY controls and EVERYBODY has access to.
Currently the ledger is controlled by central banks, who create and control money as they wish.
#Bitcoin is a ledger that NOBODY controls and EVERYBODY has access to.
#Bitcoin is decentralized - nobody controls it.
This means it's the first asset that's permissionless and censorship-resistant.
If you own it, it's YOURS, and you can do whatever you want with it. You can't get sanctioned, and you don't need to get transactions approved.
This means it's the first asset that's permissionless and censorship-resistant.
If you own it, it's YOURS, and you can do whatever you want with it. You can't get sanctioned, and you don't need to get transactions approved.
Liquidity - #Bitcoin is traded globally, so it always has a market of buyers and sellers.
If you want to sell your BTC, you can do it easily and there will be someone in the world who wants to buy them!
If you want to sell your BTC, you can do it easily and there will be someone in the world who wants to buy them!
Bitcoin is considered a DIGITAL COMMODITY by the Securities Exchange Commission in the US.
A commodity is a good that has value and can be traded for another anywhere in the world.
A commodity is a good that has value and can be traded for another anywhere in the world.
We are still very early with the technology, but learning about it now can be a very powerful move!
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- Follow me @rajatsonifnance
- Subscribe to my personal finance newsletter: rajatsonifinance.com
Thanks for reading!
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