MultiversX Tracker is Live!

Bitcoin doesn't lie.

Bitcoin Reddit

More / Bitcoin Reddit 38 Views

Bitcoin doesn't lie.

It's trustless.

There are no books to cook.

For individuals: You can own the asset. It cannot be seized, whatever direction the political winds may blow. The store of value is yours, not held by any other entity, technically such as the Cede and Company in the case of most US equities.

For corporations: You can hold and demonstrate ownership in an ironclad asset. Your reserve is yours, and you can demonstrate to shareholders and investors the actual asset.

For nations: We can trust the asset without having to trust the governance. This is why China and other nations should take a more inclusive approach to Bitcoin. China is not the only nation, but it's a great example of a nation with massive potential for investment but which potential investors often simply do not trust due its fiscal policies and common business practices. Most investors don't want a crumbling skyscraper.

Bitcoin resolves this concern. Chinese firms, for example, could hold significant Bitcoin reserves and have their financial statements be backed by a verifiable asset, thereby attracting investment. Also in the case of China, unless Xi Jinping thinks the Cultural Revolution rendered the sleeping dragon unable to awaken from its sleep, then it would demonstrate confidence in the nation's underlying economic potential to adopt Bitcoin more readily.

Bitcoin is trustworthy, because it's trustless.

submitted by /u/SpecificSubreddit
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments