Some of the notable advantages of Bitcoin are given below:
Decentralized: Bitcoin is not controlled by any central bank or government. As a result, it is unregulated and can be used from anywhere in the world.
Transparency and Security: Bitcoin transactions are conducted through blockchain technology, which is very secure and all transactions are recorded in a public ledger.
Low transaction fees: Bitcoin has relatively low fees for international transactions.
Fast transactions: Bitcoin transactions can be much faster than banks, especially for international transactions.
Limited supply: The maximum supply of Bitcoin is limited to 21 million, so it is somewhat protected from the risk of inflation.
Privacy: Bitcoin transactions can be made without disclosing the personal information of the user, although it is not completely anonymous, but rather pseudonymous.
If you want, I can also tell you the disadvantages of Bitcoin.
