Why Bitcoin is the best way to store wealth

     For a long time, gold has been regarded by investors as the best choice of safe-haven currency. The reason is simple. Gold has a series of unique properties that make it suitable for wealth preservation .

     Gold's basic physical properties make it difficult to lose, and it is also widely used in electronics and other industries. Due to its limited supply and high demand, people are fascinated by its brilliance. In general, gold is a nearly perfect safe-haven asset.

     Bitcoin has similar properties to gold, so it is likely to become the first choice for investors in the context of global economic turmoil. This is not a fantasy . When the Greek economy was on the verge of collapse and the risks in the euro zone increased, the price of Bitcoin rose from less than $250 to $300 within a month .

     Therefore, against the backdrop of global economic fluctuations, Bitcoin is likely to become the first choice for investors.

     At the same time, China is also facing huge economic and financial pressures, and many Chinese choose to buy Bitcoin as a hedge. Economic growth slowdown, declining consumption levels, real estate downturn, stock market crash and other unfavorable factors have made many Chinese nervous. The large-scale sell-off in the stock market has caused global stock markets to fall into losses.

     China’s economic problems appeared almost suddenly at the same time , and the stock market crash also became an important reason for Bitcoin’s rise from $209 to $230 on Monday. In addition, as the yuan depreciated, many people chose to buy Bitcoin in the past week.

     However, holding Bitcoin does not mean you can sit back and relax. You still need to be alert to the possible crisis. The profit from buying and selling Bitcoin may be 10%, 20% or even more, but the crisis still exists. It may be wise to sell Bitcoin when the market is going down.

On the other hand, if the economic situation continues to deteriorate, you will have to pay attention to the security of Bitcoin investment. Financial crises are unpredictable, and when they occur, Bitcoin still seems to be the best choice for storing personal wealth compared to traditional currencies.