Why Include Bitcoin in Your Wealth Building Strategy?

Published by Courtney Thompson — 12-29-2017 12:12:49 AM

Bitcoin is all the rage right now. It is a hot commodity. Bitcoin can make you a lot of money. But, what is Bitcoin? It is a digital currency? A what? A digital currency. It allows you to make digital transactions via your computer, tablet or smartphone. But wait, don't hit the panic button just yet. If you use debit or credit cards or any online payment processor, you already have an idea how digital payments work.

Bitcoin is different than using you debit card in that your debit card is based on the fiat (paper money) currency issued by a central government. Fiat currency is always declining in value. $100 today buys much less than it did in the year 1999. .it buys even way less than it did in 1960. That's because inflation erodes your fiat currency buying power since when governments want more money they print it. Bitcoin is a decentralized digital currency. This means it is not controlled by any government. Bitcoin transaction a more secure and cheaper due to blockchain technology. Since it is finite, like gold, supply and demand determine Bitcoin unit price

Why should Bitcoin be part of your wealth building strategy? Bitcoin was first valued at $0.10 at its introduction in 2009. At the time of this writing (end of December 2017), one Bitcoin is hovering around the $15,000 USD mark. It does fluctuate wildly; at times up or down by several hundred dollars. So as with any investment, it's your money, keep an eye on it.

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About Courtney Thompson


Enjoy helping my team win. Simply put, when you win, I win too. Love Blockchain technology and what it means for those that take advantage of it: more time freedom, less bank fees, and more secure storage and contract transaction. It is awesome to think of the possibilities that are open to my grandkids because of this technology. When I'm not geeking out, I enjoy scuba, the beach, cycling, chess and cooking.