Why is bitcoin the best form of money?
Bitcoin is the first-ever "triple point asset." It perfected the three functions of money: store of value, medium of exchange, and unit of account.
Just as water can exist simultaneously as solid, liquid, and gas at its triple point, bitcoin maintains these three fundamental monetary properties in perfect equilibrium.
This phenomenon is unprecedented in financial history, as traditional assets typically excel in one or two of these functions but rarely all three simultaneously.
As a store of value, bitcoin's 15-year history has proven its ability to preserve wealth. A programmed limitation of 21 million coins means that it offers absolute scarcity, a feat no precious metal or other wealth-preserving assets can guarantee.
At the same time, its digital architecture means that, also unlike precious metals and previous forms of money, bitcoin offers infinite divisibility and limitless transferability. It transcends the physical limitations of previous stores of value, enabling it to serve as a practical medium of exchange and unit of account.
Since its distributed ledger keeps a perfect, immutable record of all transactions, bitcoin is rapidly monetizing to become the premier form of money and the de facto standard measure of value for global wealth moving forward in the 2lst century. #bitcoin #freedom