$BTC Dear G, let's continue yesterday's article, everyone!!!
The current position of $BTC and why crypto is essential for our lives??? 💥💥
Historically, in life, transactions for goods and services have been conducted through two main forms: direct exchanges (fiat money, gold...) or online exchanges + cards (using the internet). However, with the emergence of crypto, which has its own unique characteristics, it has become a much safer and more convenient payment channel with extremely high security and, importantly, does not require an internet connection. Because crypto is stored in hardware wallets - which are physical devices, just a touch and it can be transferred immediately. Thus, even in crises (natural disasters, earthquakes, wars) without the internet, it is still quite easy to conduct all transactions, big or small. In contrast, physical gold is much more challenging, cumbersome to store, and very inconvenient for transactions of small value.
💥 With its incredible applications in life, many countries have been and are implementing legal frameworks to allow crypto custody, like the USA (dear G also had an article 2 days ago); crypto will be an important investment channel like stocks but will also carry the accumulated value of gold ❤️