The world’s largest economies such as United States, Europe, Asia and Latin America, among others, regions are in danger of entering a possible recession together with high levels of inflation which vary between a 6% to 9% monthly.
Inflation generates a loss of economic capacity in the purchasing power of users, compared to the general rise in the prices of different goods and services, the income of consumers is directly impacted.
the industry of Bitcoin has proven to be one of the fastest growing industries from the pandemic to the present, it is estimated that at least 4.2 percent of the world’s population has invested in Bitcoin with 320 million investors worldwide.
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Bitcoin was the first virtual currency to be born in 2008, it has a market capitalization of $381,527,094,622and the fundamental pillars of this new paradigm are decentralization, non-intermediation and high levels of privacy in their transactions.
Bitcoin brings with it various new uses for society as a new payment system, remittance sending and anti-inflationary unit.
Bitcoin as a new payment mechanism
The virtual currency proposes a new payment system, where people can send and receive Bitcoin in a matter of seconds.
Using the values of decentralization and the non-intermediation of third parties in operations, people will be able to operate with Bitcoin without having market alterations or failures, such as price alterations or deviations and the asymmetry of market information.
Bitcoin as a remittance
Sending money from one country to another is the main means of subsistence for millions of people in the world.
Remittances usually consist of sending sums of money from one country to another in which the dollarization of the economy and the lack of confidence in the local currency are usually big problems.
Bitcoin offers millions of people the possibility of being able to receive money in a matter of seconds, with better security, transparency and privacy conditions in relation to expensive sending systems with high commissions.
Bitcoin as an anti-inflationary unit
Bitcoin poses a new anti-inflationary scheme, thanks to its issuance modality based on a fixed maximum of 21 million, users will be able to operate with Bitcoin without being affected by the monetary depreciation resulting from the issuance in traditional schemes.
In traditional scenarios of fiat money, the monetary base tends to increase infinitely, and the emission tends to be transformed into inflation.
By having a maximum of issuance in the BTC monetary system, the monetary base does not increase indefinitely, and as a consequence, people will not suffer from the impact of depreciation.
Where to buy Bitcoin?
Users will be able to acquire Bitcoin on various virtual platforms such as the well-known DEX or CEX.
Paxful is one of the largest P2P platforms in the world, it was born in July 2015.
The P2P platform offers 450 different ways to buy Bitcoin in P2P or peer-to-peer mode, with a community of more than 10 million users around the world.
Crypto.com is one of the leading exchanges worldwide, the exchange was born in 2016.
Crypto.com offers users the ability to access various virtual currencies and different NFTs.
Source: Ambito