There are generally two types of people that buy Bitcoin:

1. Speculators - people who buy Bitcoin because of it's price or future price.

   • Some people buy Bitcoin as an investment.

   <aside> 📈 Some speculate that as adoption and demand increases, the value of it's will also increase.

   </aside>

   • Some people buy Bitcoin because of it's scarcity.

   <aside> 🔍 Some speculate that because of Bitcoin's finite scarcity, as demand rises, so too will it's value.

   </aside>

   • Some people buy Bitcoin to protect their purchasing power.

   <aside> 🛡️ Some people in nations like Venezuela and Lebanon are protecting their purchasing power against inflation, hyperinflation, and volatility.

   </aside>

2. Consumers - people who buy Bitcoin because they want to use Bitcoin as money.

   • Some people buy Bitcoin to send money to family.

   <aside> 👨‍👧‍👦 Bitcoin is cheaper and faster than using a traditional remittance service.

   </aside>

   • Some people do not have access to traditional banking services.

   <aside> 🏦 Bitcoin is inclusive, bringing financial services, efficiency, and opportunities, to the unbanked and underbanked.

   This is especially important to developing nations and emerging markets.

   </aside>

   • Some people buy Bitcoin because it can be programmed.

   <aside> 👩🏽‍💻 Payments can be programmed to occur on a birthday, as a subscription, after you've died, etc.

   </aside>

   • Some people buy Bitcoin to protect their wealth from political interference.

   <aside> 🗳️ Some people in crisis nations, such as the persecuted, journalists, or activists, can protect their wealth from interference.

   </aside>

   • Some people buy Bitcoin to use it because it is secure, quick, and inexpensive.

   <aside> ⚡ Bitcoin transactions are very fast using the Lightning Network, and are very cheap. Bank transactions are typically slow and expensive.

   </aside>

   • Some people buy Bitcoin to purchase goods and services.

   <aside> ♻️ Some merchants accept bitcoin as a method of payment as a way to accumulate bitcoin because they are either speculators, or consumers themselves.

   </aside>

   This page is provided free of charge, and always under development.

   <aside> 🙏 Thank you for visiting.

   If I’ve got something wrong, you have some new information, or you want to send me feedback, please get in contact via Twitter - @bayanimills

   </aside>

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