Rajat Soni, CFA
Rajat Soni, CFA

@rajatsonifnance

8 تغريدة 1 قراءة Jan 15, 2024
If you think #Bitcoin is useless, you haven't spent enough time learning about it.
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.
#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.
#Bitcoin has a finite quantity - there will always be a maximum of 21,000,000 #BTC in the world. This can't be changed!
Each BTC can be split into 100,000,000 #Satoshis so it's possible to own a fractional unit of the world's most finite asset.
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!
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.
We are still very early with the technology, but learning about it now can be a very powerful move!
Most people will ignore #Bitcoin until it reaches $1M+ per coin.
Don't be like most people.
Save hundreds of hours of research by taking my $30 live mini-course so you can get ahead of the crowd.
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