>>513186489
>anons on /biz/ keep shilling bitcoin and im not sure why that's better than stocks.
Because it will outperform an S&P500 or FTSE100 index over 5 years. It's likely to have at least a 30% CAGR, that's a 30% increase per year on average over the next 5 years. It will probably be higher.
This is because it is a deflationary, scarce asset. There are a fixed amount of coins (21 million) and once they are acquired there will be no more. The normal money they can print more and more, debasement, meaning your cash becomes less valuable.
It has been theorised that the S&P500 index has only increased by the amount of inflation, the money they have printed, because there is more moeny to invest the price goes up slightly to reflect this.
The way capitalism works is naturally deflationary. You would expect that as things become more efficient, more things are produced, and processes become more streamlined then item prices should come down, deflate. But, because central banks can print money, products and services actually increase in price, and the governments use the money they create for themselves, basically robbing from their citizens.
Bitcoin flips this centralised system because it is scarce. The price in GBP, or USD or any currency, will rise along with inflation as they print more, but it also becomes more wavuable as global productivity increases due to the deflationary effect. They can't print more, it's not tied to a single country so it's affected by all the countries doing this globally, and they can't debank you or stop you from trading it because it's a system outside of their control.
I would highly recommend buying just a little bit, maybe just a hundred pounds worth, and then doing some more research on why it will be the most valuable asset class in the world. Thanks for coming to my TED talk
