It is time to reveal the top five reasons why bitcoins are superior to dollars, both now, and in the future.
I’ve limited this list to the top five, but there are certainly many other reasons. The dollar has its own advantages, but they will prove fleeting in the coming years. The dollar’s reign as the world’s global reserve currency is running out, and bitcoin’s time as the world’s first and only global digital currency is just beginning. Here are five reasons why.
Number 1: Appreciation always beats inflation in the long run
Inflation occurs partly due to the number of currency units in circulation. U.S. dollar circulation continues to increase at a rate of about $1 trillion annually. The rate of inflation wasn’t always this high, but it has inflated ever since WWII.
The U.S. government sinks deeper into debt. Each dollar is a debt instrument, loaned out by the Federal Reserve, with interest, or more debt attached to it. This is a bad thing, since the more dollars there are in circulation, the less each dollar is worth.
In other words, the dollar you hold is losing its purchasing power as you read this right now. Here’s an example.