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Is Bitcoin the Only Free Financial Asset in The World Today?

When you are young and you just about to make your first investment you often thing that which could be the safest investment that you can make and you come out with various thoughts in mind.

Assets are important in life; we work hard and earn money to make some assets and keep our future safe. Hence, we need to think very carefully that assets can be either in the form of physical existence or not. You need to decide what kind of asset you want.

Here we will try to give a clear insight into bitcoin as a currency as well as an asset.

What Is an Asset?

A house is an asset, something which has a huge value and the value of which will increase over the years. There are various kinds of asset and the concept of an asset varies from person to person. Some feel that a luxury car could be an asset, for some it could be jewellery and for some more, it could be a house or any property.

Bitcoin is an Asset and Not a Currency

There have been repeated controversies and debates about bitcoin been given the position of an asset and not just a currency. But there are reasons which prove that bitcoin is a free financial asset. There is a reason why bitcoin is called ‘digital gold’ when we know that gold is an asset. If the same asset is being called a ‘digital gold’ as well as ‘digital asset’ then there must be some deep connection between asset and currency and we are here to discover the necessary.

Investing in Bitcoin

Have you ever heard of investing in dollars? I hope you have never, but if you want to play games and earn bitcoins then you will be able to invest in this kind of currency. So, this is not merely a kind of currency like dollar and so on. It is basically a kind of asset like gold or shares and stocks where you can invest so it better be an asset than just a currency.

Media Effects

There is no special role of media in influencing the price or the value of the fiat currency but the bitcoin value can be manipulated using the same weapon. The media industry can cover bitcoin more and more possible so that more and more people get to know about it and then they start growing their confidence into this.

While if the media suppresses the bitcoin and the crypto sector then the value of the bitcoin would fall gradually and this is not acceptable at all. So again, the asset is free to get a rise and fall as per the wish of the public demand.

Political Effect

Like the fiat currency and the money in the economy, the currency has to come in the regulation of politics. When the political effect has been pretty influential on the normal cash but on the other hand the bitcoin has to be there.

It has not yet reached that section, where the political section of the country would discuss the bitcoin and it would matter to the crypto industry.

Risk in Bitcoin

Bitcoin trading completely depends on practice; if you know how to trade bitcoin then the risk is really less. Many of the billionaires spend some years to understand the bitcoin system. Till then they read about the coin very carefully and tried to understand what does that mean. Bitcoin is actually much more volatile than any other asset but even then the volatility can be controlled if you know how to successfully trade the coin.

Conclusion

Hence these are the factors that make bitcoin a free financial asset, now what could that actually mean? Well, a free financial asset is that which can be earned and zero and can be sold at high prices. This makes bitcoin very safe to be traded forever now.

It will take time for the people to grow faith in bitcoin and it will happen but it will take a lot of time. Time makes everything perfect and time is money so never miss-utilize time, you must aptly use time as much as required.

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