2 Charts That Show Why I'm Buying Bitcoin Now
In cyclical fashion, we find ourselves yet again in the midst of a crypto winter. And as they have in previous crypto winters, critics and naysayers contend that Bitcoin (CRYPTO: BTC) is dead, that it can't rise again, that it's a Ponzi scheme heading to zero, and that it will never recover.
All of these jabs at Bitcoin have been occurring since it was created in 2009, and yet all it has done since is go on a historical run and become the best-performing asset in history. Bitcoin forces us to think about what money actually is and how it should function. Should money be inflated at the desire of any government or central authority? Is money just an idea, or should it be backed by tangible assets? What makes one form of currency better than another?
Bitcoin has been touted by some as a near-perfect form of currency. Even with its volatility, which is viewed as a characteristic of new assets that eventually wanes, there is reason to believe that Bitcoin will once again rise from the ashes and reward investors who are patient and hold for the long haul.
Source Fool.com
