Bitcoin and altcoins are inclusive.
You only need access to a phone or a computer with an internet connection to be able to purchase crypto coins.
It’s more difficult to buy stocks or open a bank account than acquire any digital currency.
You won’t have the problem of inflation due to increased supply, as you have with government-issued money. Only last year, the Federal Reserve printed 20% of all dollars currently in circulation. No support in gold I suppose for that extra money, right?
It literally came out of thin air.
In the case of Bitcoin, no one can “print” more coins. Their overall amount is set in code, and no one can change that. The supply is fixed at 21 million, so people can store their wealth in Bitcoin without the risk of being devalued due to an increase in supply.
Anyone could convert their money into cryptocurrency and store it with a better interest rate than any savings account. For instance, if you trade in Kraken, a centralized cryptoexchange platform, you can earn up to 12% for staking a token like Polkadot.
Where can you get a similar rate at any bank?
Now if you go to a decentralized cryptoexchange platform, things get more lucrative, but much riskier too. If you’re new to this world, you might want to stick to the best-ranked centralized systems, just to be able to sleep better.
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