4 Advantages That Make Bitcoin A Credible Alternative To The Current Monetary System

The future will tell us if these advantages of Bitcoin will be sufficient.

Illustration by In Bitcoin We Trust

Bitcoin has come a long way since its creation by Satoshi Nakamoto in early 2009. Indeed, who could have imagined at the time that Bitcoin would be the most successful asset of the next decade. Probably no one and not even Satoshi Nakamoto himself. Despite the recent price of Bitcoin at around $7,000, Bitcoin is still the best performing asset of the last 11 years.

The success is such that more and more Bitcoin supporters come to believe that their cryptocurrency will actually replace the current monetary system in the future. Given the success of Bitcoin so far, the people who call them sweet dreamers are taking big risks in my opinion.

Only time will tell whether Bitcoin’s supporters are right or wrong. In the meantime, I propose that you revisit the 4 fundamental advantages of Bitcoin compared to the current monetary system. It is these 4 advantages that make Bitcoin a credible alternative to this system.