The connection between pension and bitcoin
One of the primary attractions of cryptocurrencies — especially Bitcoin — for investors is their perceived resilience against inflation compared to fiat currencies like the Canadian dollar.
Inflation occurs when the purchasing power of a currency decreases over time, leading to higher prices for goods and services. For instance, the Canadian government has long practiced printing more money than the economy strictly needs, a strategy believed to stimulate economic growth. This practice is why a loaf of bread that once cost a few cents now costs several dollars.
Technically, Bitcoin does undergo a form of inflation as new coins are mined (similar to how gold’s supply increases). However, Bitcoin’s supply mechanism reduces the creation of new coins by 50 percent approximately every four years. This reduction means Bitcoin’s inflation rate will progressively decline.
High inflation rates for traditional currencies can drive individuals to look for alternative stores of value, such as digital currencies. The Canadian dollars in a savings account might lose value over time, prompting people to seek more stable options.
Empowering Individuals
CoinPappa does not make claims about the guaranteed suitability of cryptocurrencies as investments or promise unrealistic returns.
Instead, it empowers individuals to make informed financial decisions by offering educational resources and a secure, non-custodial platform.
CoinPappa emphasizes user autonomy and the importance of thorough research and professional advice before making any investment decisions.
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Navigating the Crypto Landscape
Inflation decreases currency value over time, causing prices to rise. Governments print excess money to stimulate economic growth.
High fiat inflation drives individuals to digital currencies like Bitcoin and Ethereum, offering a compelling alternative investment.
Bitcoin's supply mechanism reduces new coins every four years, making it an attractive hedge against fiat currency inflation.
CoinPappa educates and empowers users with secure, non-custodial platforms, emphasizing research and professional advice for investment decisions.
Cryptocurrencies are the new big thing
Scarcity is crucial in creating an inflation-resistant store of value. Bitcoin is capped at 21 million coins. Currently, around 19 million bitcoins have been mined. Every ten minutes, miners validate a new block, adding 6.25 bitcoins to the network. In 2024, this reward will halve to 3.125 bitcoins and will continue to halve every four years until all bitcoins are mined. This built-in mechanism, known as halving, is a fundamental aspect of Bitcoin’s design.
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