Articles:
Bitcoin is a decentralized cryptocurrency, which means that Bitcoin’s supply, demand, transactions, mining, and software are not controlled or manipulated by a central agency. Moreover, unlike centralized currencies, transactions over the Bitcoin network do not pass through intermediaries or central agencies that control, approve, disprove these transactions. However, Bitcoin transactions are peer-to-peer.
Source: Gemini
Bitcoin’s decentralization has provided Bitcoin with censorship-resistant properties. Governments and certain central agencies have the authority to freeze citizens' bank accounts or confiscate their gold, however, it is impossible for authorities to freeze or confiscate people’s Bitcoin if people keep their Bitcoin private keys (password) private.
Moreover, people living under authoritarian regimes tend to adopt Bitcoin at higher rates than people living in countries ruled by democratic governments.
Source: Bitcoin.com
In this interview with CNBC, the author of Black Swan and Skin in the Game books, Nassim Nicholas Taleb makes several arguments against Bitcoin as a currency or an investment tool. In this article, I provide counter-arguments for these two arguments made by Nassim Taleb:
"There is no connection between Bitcoin and inflation"
"I realized it was not a currency without a government, it was just speculation"
Public and private companies as of 12/2/2021 hold about 413.463 Bitcoins which are valued at around 14 Billion U.S. Dollars.
The high demand for Bitcoin that comes from large private and public companies drive the price of Bitcoin higher and reduces its investment risk. Large companies usually have access to larger funds than private individual investors, hence, they are able to increase the demand for Bitcoin at a higher rate than individual private investors.
Source: Fortune
One of the main characteristics that make Bitcoin unique when compared to other currencies is its high portability. Transferring value using Bitcoin is superior to transferring value using other currently used or historical currencies such fiat currency and precious metals due to the following two reasons:
Affordability of value transfers.
Settlement duration of value transfers.
Source: In Bitcoin We Trust