• Bitcoin has an intended use case as a new, global, digital, decentralized, permissionless, non-custodial, and apolitical monetary and financial system.
• Bitcoin is different from the rest of the crypto market since it rewards and protects savers much more than the current central banking system.
• Most of the rest of the crypto market involves riskier, more speculative use cases that may not stand the test of time and often reintroduce many of the problems Bitcoin intended to solve.
Bitcoin is a revolutionary digital asset that has enabled a new and more efficient global economy. It is decentralized, permissionless, and non-custodial, meaning it is not subject to the same risks of a centrally controlled system. Additionally, it is apolitical, meaning it is not subject to the whims of geopolitical forces. Bitcoin’s primary intended use case is as a new monetary and financial system that rewards and protects savers much more than the current central banking system.
The underlying point of Bitcoin is to move away from central banking and towards a bitcoin standard, which would involve restructuring the economy with a greater emphasis on savings and less speculation or outright gambling in the financial markets. Bitcoin stands in stark contrast to the rest of the crypto market, which consists of riskier, more speculative use cases. Many of these use cases may not stand the test of time and often reintroduce many of the problems Bitcoin intended to solve, particularly regarding issues around trust and counterparty risk.
In order for Bitcoin to succeed and become the new global standard, it must prove its utility in the real world. This means that it must be able to facilitate transactions in a secure and reliable manner, while also offering users a certain level of privacy. It must also become more accessible and user-friendly, as well as more widely adopted by merchants and businesses. As more people learn about the potential of Bitcoin, and as more companies and institutions begin to accept it, this digital asset will continue to differentiate itself from the rest of the crypto market and become a more viable alternative to the current central banking system.