As the world becomes less and less dependent on states and borders, especially thanks to the Internet revolution that offers a common space where everyone can communicate or create an international business, the emergence of a common digital currency seemed more and more logical.
Unlike real currencies that are controlled and issued at will by central banks or policymakers, bit coin is not controlled by any central authority. The Bit coin payment system is a network of computers. Its rules are numerically defined in its computer code and can only be modified following an agreement between all participants of the Bit coin network. Thus, no organization or authority has the power to issue new funds, block or filter transactions or create new rules. This seems unimportant for most Westerners, who are lucky enough to use decently stable currencies. But in some countries, like Venezuela right now, the government’s abuse of the money supply has undermined the wealth and savings of hundreds of thousands of families.
The supply of Bitcoin is capped at 21 million BTC
Unlike real currencies, which almost always go out due to inflation, the Bit coin consensus rules ensure that there are a limited 21 million BTCs generated by the system. So it’s a deflationary currency
Unlike floating currencies ,like bitcoin faucets which encourage spending, debt, and loans, deflationary currencies encourage savings. Assuming that the number of users continues to increase, the price of a bitcoin must increase to absorb new investors and users. Like gold, fixed-supply commodities retain their value by providing stability and predictability to investors.