Benefits of investing in Bitcoin

Benefits of investing in Bitcoin

By Filip Poutintsev | poutintsev | 2 Apr 2021


Highest ROI (Return on Investment)

When investing, ROI the most important metric to look at, because after all the purpose of investment is to make profit. Bitcoin has had the best ROI in the history of investments, and especially in the 2010s. In 9 years, from 2011 to 2020, Bitcoin had 9’650’000% ROI, which is astronomical. The average yearly ROI has been around 600%. This huge compared to the 10% you get from real estate or stocks. No other investment can match Bitcoin in its profitability. Only some extremely successful tech companies such as Amazon, Google or Facebook have achieved similar ROI, but unlike Bitcoin, they were not available for common people to invest in at that point. Those early seed rounds were open only to capital venture firms and other investors with connections, as they were not traded openly on (stock) exchanges like Bitcoin was.

Bitcoin ROI

You don’t contribute to the mutual tax pool

I’m not talking about avoiding taxes on profit, even though it’s a lot easier with Bitcoin than with other forms of investment; since Bitcoin is by default anonymous, you don’t have to use banks, register or declare it.

I’m talking about not needing to pay taxes on anything other than your personal profit.

A company pays a huge amount of taxes even if it doesn’t make any profit: it pays VAT, and its employees pay tax on salary etc. Therefore the government is able to suck a huge amount of money even if the company is not profitable. Thus an average investor is still contributing to the mutual tax pool, even if he doesn’t make any profit himself, because the money he invested is partially used to pay taxes.

This is probably the best aspect of Bitcoin investment because who wants to sponsor an organized criminal organization called the government?

Bitcoin is not part of the global economic environment

Basically, this means that Bitcoin is not depending on anything else. In our complex economic system, everything is connected to everything. If a war starts in a place where the majority of a scarce resource is, its price will go up. If the fuel price goes up, it will drag up prices of all good that need to be transported. However, nothing can affect the price of Bitcoin; it’s immune to everything. On the contrary, when world economics go down the toilet, as it’s happening now, the price of Bitcoin goes up.

Bitcoin is changing the world

Unlike most of the other investments, Bitcoin is not a selfish object that only produces profit. Bitcoin has the potential to change the world more than we can imagine actually. The disruption of our current corrupted monetary system will not only remove endless debt and poverty, redistribute wealth, bring power back to ordinary people, but will also stop wars. It’s possible that in the future, people will look back on Bitcoin as the most philanthropic invention of the human race.

Most secure asset

We constantly hear stories about politically motivated witch-hunts, where innocent people end up in jails, and their all assets get confiscated. If one takes care of his security, with Bitcoin this is not possible. No one has the backdoor to your wallet; the government may see where the Bitcoins are, will not be able to do anything about it.

Original article:
https://honestproscons.com/benefits-of-investing-in-bitcoin



poutintsev
poutintsev

Crypto Currency, Anarcho-Capitalism and Life Extension Advocate. Bright Future of Wealth, Freedom and Longevity.

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