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Best Places To Buy Bitcoin and Altcoins
For the first time in human history, we can take control of our assets, get out of the centralized banking systems, and experience the financial breakthrough of blockchain technology with cryptocurrencies.
Ever since the United States took off the gold standard in 1971, all countries worldwide have excessively used fiat currencies. Because governments can print an infinite amount of money, fiat currency, such as the dollar, is subject to inflation. As the volume rises, so does the general level of prices, and the currency's value falls. In 2020, the global inflation rate was 3.2%. It may seem like a scant amount, but it has already affected millions of lives, especially in impoverished countries.
On the other hand, cryptocurrencies such as Bitcoin (BTC) are not inflationary due to their limited supply. There are only 21 million Bitcoins in circulation, with 18.66 million Bitcoins already circulating in the blockchain in 2021. People have dubbed it digital gold because its supply is limited. That means that the prices will rise as Bitcoin becomes scarcer and scarcer. Other cryptocurrencies, known as altcoins, like Ethereum (ETH) and Binance Coin (BNB), are also limited in supply. However, there are cryptocurrencies with infinite supply due to their system and program.