When I first started buying Bitcoin and other decentralized, hardcapped cryptocurrencies like Litecoin, I though of them as an investment. A new asset class that could give huge returns. And while I believe that they do still have these aspects, this is becoming less of a reason to why I buy and hold cryptocurrency.Now, it is becoming more about controlling my finances. With Bitcoin, it is very hard to seize my funds and I cannot have my Bitcoin seized or frozen at the whims of a company or government just because I disagree with their ideology or violate some poorly defined "policy" enforced by a badly written algorithm.Some people talk about "cashing out" of Bitcoin eventually but honestly, I am beginning to feel more secure storing my value in Bitcoin than fiat despite the volatility.
Submitted June 15, 2020 at 04:58AM
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