{"id":8696,"date":"2020-09-07T19:34:34","date_gmt":"2020-09-07T19:34:34","guid":{"rendered":"https:\/\/www.graaf.one\/?p=8696"},"modified":"2020-09-07T19:41:21","modified_gmt":"2020-09-07T19:41:21","slug":"3-quick-reasons-why-you-should-at-least-be-familiar-with-bitcoin-in-2020-and-beyond","status":"publish","type":"post","link":"https:\/\/www.graaf.one\/3-quick-reasons-why-you-should-at-least-be-familiar-with-bitcoin-in-2020-and-beyond\/","title":{"rendered":"3 quick reasons why you should at least be familiar with Bitcoin in 2020 and beyond\u00a0"},"content":{"rendered":"
    \n
  1. \n

    Bitcoin familiarity is growing rapidly, especially with younger generations.<\/span><\/h2>\n<\/li>\n<\/ol>\n

    Part of it is the simple need of keeping up with the world and trying to understand what this new form of money is all about. Just a decade since its invention Bitcoin finds itself as a\u00a0<\/span>savings tool of many Millennials<\/span><\/a>; much like gold for previous generations. Especially during the uncertain economic times, young people appear to be flocking to Bitcoin.<\/span>\u00a0<\/span><\/p>\n

    In a survey this year;<\/span><\/a>\u00a0<\/span>Millennials<\/span>\u00a0have shown to prefer $1000 in Bitcoin over government bonds 53% of the time, over gold 32<\/span>%, real<\/span>\u00a0estate 31% and stock 29%. This is a sizable increase from just 3 years ago; and considering how a currency only invented in 2009 is being preferred to long established investments, a remarkable one.<\/span>\u00a0<\/span><\/p>\n

    \"Bitcoin
    Chart showing Millennial preference for Bitcoin over Gold, Stocks, Bonds and Real Estate (The tokenist)<\/a><\/figcaption><\/figure>\n
      \n
    1. \n

      Bitcoin is being included and recommended in more financial portfolios.<\/span><\/h2>\n<\/li>\n<\/ol>\n

      Bitcoin is becoming a mainstream technology; its price ticker is now featured on most major financial websites.<\/span>\u00a0<\/span><\/p>\n

      It’s not just conjecture, a study from Yale, is even recommending a\u00a0<\/span>minimum 6% portfolio allocation of Bitcoin.<\/span><\/a>\u00a0<\/span><\/p>\n

      No longer just a small niche web currency; at a market cap of $250 billion, it\u2019s becoming a mainstay with more and more hedge funds taking notice. Not only are sizable funds starting to pour hundreds of millions (and billions) into the market; there are even large funds made up entirely of cryptocurrency. An increasing number of recognizable companies like\u00a0<\/span>Fidelity are vying to enter the Bitcoin market.<\/span><\/a>\u00a0<\/span><\/p>\n

        \n
      1. \n

        Economic uncertainty is making the case for Bitcoin stronger.<\/span><\/h2>\n<\/li>\n<\/ol>\n

        The stock market in 2020 has been quite a roller coaster; from the lows of mid march, to the highs of August. While stimulus has appeared to pump the market, what lies beyond is anyone\u2019s guess; though there are a few you should know about.<\/span>\u00a0<\/span><\/p>\n

        Economic stimulus and the\u00a0<\/span>rapid increase in the money supply<\/span><\/a>\u00a0is likely to have some secondary effects; namely inflation.<\/span>\u00a0<\/span><\/p>\n

        As inflation is going to decrease the spending power of each dollar; many onlookers will seek out to preserve value; one potential candidate is Bitcoin. Since\u00a0<\/span>Bitcoin\u2019s maximum supply will only ever be 21 million<\/span><\/a>, it\u2019s generally seen as a deflationary currency; one where it becomes more difficult to acquire over time. Bitcoin is a rare case of an asset that has a verifiable fixed\u00a0<\/span>supply;<\/span> something you can\u2019t find even in Gold, where new reserves can be discovered.<\/span>\u00a0<\/span><\/p>\n

        \"USD
        The M2 money supply over the past 4 years<\/figcaption><\/figure>\n

         <\/p>\n

        If you would like to get started with Bitcoin please feel free to sign up<\/a> on our brokerage, you can also check out if we have any ongoing promotions.\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

        Bitcoin familiarity is growing rapidly, especially with younger generations. Part of it is the simple need of keeping up with the world and trying to understand what […]<\/p>\n","protected":false},"author":4,"featured_media":8699,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4,5],"tags":[50,49,52,51],"yoast_head":"\n3 quick reasons why you should at least be familiar with Bitcoin in 2020 and beyond\u00a0 - GraafOne<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.graaf.one\/3-quick-reasons-why-you-should-at-least-be-familiar-with-bitcoin-in-2020-and-beyond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 quick reasons why you should at least be familiar with Bitcoin in 2020 and beyond\u00a0 - GraafOne\" \/>\n<meta property=\"og:description\" content=\"Bitcoin familiarity is growing rapidly, especially with younger generations. 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