Utilize the full power of the Metaverse, which will provide you with daily benefits and rewards I'm going in!

Why is It Worth Owning BTC? 3 Scenarios

4 min reading

Why is it worth having at least a fraction of Bitcoin? What are the long-term forecasts for this asset? In what cases it could be helpful?

Undoubtedly, a situation in which all people in the world would have at least one Bitcoin is unreal. Simple math rules it out because of the fact that the supply of Bitcoins is limited and equals 21 million coins. What is more, not all of the coins have been dug up at this point. Currently, there are 18 220 387 BTC coins in circulation. As a consequence of an increasingly difficult mining, the rest of the coins will be dug up in about 120 years.

A good thing is that every Bitcoin can be further divided into smaller units, the so-called satoshis. There is no need for the user to purchase a whole coin, then.

Security for a rainy day

Even though rapid fluctuations of the exchange rate are an integral part of cryptocurrencies, it is worth to remember that traditional money brings inflation issues with it and it is worth being prepared for a situation like that. Scenarios like that may, of course, seem quite pessimistic to you at first glance, but an incompetent management can indeed ruin the national financial system. The analogy here is, for instance, the situation in Venezuela, where hyperinflation absorbed Petro.

An asset such as Bitcoin has no central control point as it is a completely decentralized virtual currency. The governments, therefore, cannot directly influence it due to the fact that Bitcoin remains independent of state policy.

A great number of people, however, are leaning towards this particular cryptocurrency in crisis situations. While it is possible for the banks to block our account and deprive us of our livelihood, there is no possibility for them to freeze the BTC wallets. The only person who can manage the funds assigned to the wallet is the person owning a private key to it.

No limits

Because of the fact that Bitcoin operates on blockchain, it can be moved at any time of the day or night without any restrictions. To put it more simply, it can be sent from one end of the world to the other, all the time, while traditional financial entities like banks have a set timetable and  operate only on certain days and hours. It means that a customer can make a transfer only on business days. As far as Bitcoin is concerned, such restrictions do not exist, because the transfers are carried out without intermediaries.

Potential increase in value

As the supply of Bitcoins is limited, they do not undergo inflation. Moreover, due to an increasing mining difficulty and halvings, Bitcoin's value has great potential for growth.

The mechanism developed by Satoshi Nakamoto is designed to balance supply and demand. If all 21 million BTC were on the market at once, the value of a single token would certainly not be as high as it is now. Miners would not be as willing to verify transactions in the Bitcoin network as they are. Cyclical halvings eliminate this problem. The theory of Bitcoin deficiency has recently been very popular. According to the theory as a result of reduced supply the price of BTC will rise by the end of this year.

Currency Exchange rate Buy cryptocurrency

Utilize the full power of the Metaverse,
which will provide you with daily benefits and rewards

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Ommyo.Net (www.ommyo.net). Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the ommyo.news/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Ommyo.Net c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.