Bitcoin (BTC) has come a long way since its introduction in 2009 and is now a booming investment across the globe. It has become the largest cryptocurrency by market capitalization and has got the support of the Key Opinion Leaders (KOLs).
Bitcoin can be defined as a digital currency that is based on peer-to-peer software and is free from the influence of any central authority such as a bank or government. The Bitcoin transactions are recorded in a public distributive ledger that offers better returns and enhanced safety than other cryptocurrencies.
Bitcoin has shown the potential of changing the global financial system in times of uncertainty. It has gained huge value in the market over the last few years and is labelled as the best alternative to fiat or traditional currency by many global leaders.
Fiat is vulnerable to inflation and the global economy has suffered multiple crises due to its collapse in the past. Bitcoin, on the other hand, offers more stability to individuals in odd times than fiat.
The world map is once again changing, and the international financial market is ready to bear the brunt of yet another catastrophic war in Europe. However, Bitcoin is responding differently to the ongoing crisis as it has shown enhanced stability and is proving better storage of value than fiat.
Where other assets can be damaged or their value can fall due to the consequences of the war, Bitcoin is a safe investment that stays with individuals.
Let us dig deep and find out how Bitcoin is responding to the ongoing conflict in Europe.
Opinion of Global Leaders on Bitcoin
Bitcoin has become the most widely recognized cryptocurrency, thanks to its enhanced stability, positive adoption, and safety. Many global leaders have come forward in its support and have labelled it as the best alternative to fiat, which is vulnerable to human intervention.
Carl Runefelt, alias, The Moon, is a global crypto leader who considers Bitcoin as the future of money. He says, “Bitcoin is genuinely game-changing and that it represents a massive transformation for the global economy and, indeed, the whole globe. It represents a paradigm change.”
Carl during one of his interviews on Bitcoin response to the ongoing conflict in Europe has said, “Bitcoin is going up year over year and in times of uncertainty we’ve seen that people increasingly turn to Bitcoin as a form of money and store of value because Bitcoin is the only money in the world that has no political attachment. Your bank money can get frozen, or your gold can get confiscated but with Bitcoin, you can literally cross a border with your private keys in your head and you can travel the world with millions of dollars literally stuck in your brain. This is something that has never been possible before and we can see that people in times of uncertainty are using Bitcoin more and more and in the next few years if you believe that uncertainty will increase, I am sure Bitcoin will also increase.”
According to him, “Bitcoin is the best storage of value as it is a decentralized currency that provides freedom from banks or government, and individuals can move anywhere with their money stored online.”
“Looking at Bitcoin in the short period defeats the purpose of what Bitcoin is. Bitcoin is a long-term solution to a broken financial system, and I think in the next five years or in the next 10 years that’s the kind of time horizon I have when I look at Bitcoin,” Carl added.
Bitcoin is a Safe Investment
Bitcoin has proved to be the most stable digital currency in today’s time. Since its introduction, many individuals have made massive gains by investing in it. It is important to understand that the Bitcoin protocols are designed in a way to maintain a stable supply of Bitcoin. The extra Bitcoin is halved over the year to stable its value.
Carl says, “Bitcoin is the only non-political money in the world. Remember guys your bank money can get frozen, your gold can get confiscated, but Bitcoin remains whether you’re in Slovenia or Sweden or Dubai. No matter where you are, Bitcoin is always online, always working for you, and for everyone else.”
He is pushing for the mass adoption of cryptocurrency and believes that Bitcoin is the best form of money. He shares valuable information on Bitcoin through his YouTube channel, The Moon. Anyone can visit his channel to know the changing trends in the cryptocurrency market to make maximum gains in cryptocurrency.
