4. Advantages of Bitcoin over Fiat Currency
Bitcoin, the powerful cryptocurrency, has a number of advantages over standard fiat money. This involves, among others, a decentralized framework, user privacy and security, and speedy and cheap transactions.
- Decentralized framework
- Privacy and protection of identity for users
- Simple to use and accessible
- Increased speed of transactions
- Low processing fees
- A lucrative business investment opportunity
- Bitcoin is limited