Who still owns Bitcoin, and why?. My friend still has all the Bitcoins I… | by Vikram Reddy 🤝 | The Capital | Dec, 2024

My pal nonetheless has all of the Bitcoins I purchased in 2013. And some extra of them.

My pal by no means offered at 261 USD, 1250 USD, or 19000 USD.

As a result of I’m not a type of “Purchase a Bitcoin in the present day and be wealthy tomorrow” guys who use Bitcoin purely for hypothesis.

I purchased Bitcoin in 2013 as a result of I favored the thought of getting full management over MY ASSETS with out anyone having the ability to take it from me.

No (central) financial institution would decrease the worth by inflation. (See how a lot $100 purchased you 10 years in the past and the way a lot it buys you now?) Actual property, shares, uncommon automobiles, artwork, and watches didn’t all of the sudden get costlier. It’s the equal fiat foreign money worth that went downhill.

No authorities would take it from me by taxation or laws. (Keep in mind Greece and Cyprus? Or the confiscation of Gold, again within the day?)

An simply transferable asset and securely storable asset like Bitcoin (attempt storing or transferring gold bars in massive quantities) is price A LOT MORE than what worth is at present indicated.

And over the long run, worth will all the time alter to worth.

However in a society the place all people grew up believing in a colorfully printed piece of paper, it should take a bit longer till folks perceive that having full management over their very own cash is priceless. And that is what Bitcoin might be in a number of years from now.

That’s why I nonetheless personal Bitcoin and doubtless will for a very long time.

Please remark beneath how a lot BTC you will have held until now and from when !!!!?