{"id":39976,"date":"2020-09-24T22:43:23","date_gmt":"2020-09-24T20:43:23","guid":{"rendered":"https:\/\/www.coinpro.ch\/uncategorized\/yes-or-no-five-reasons-for-bitcoin\/"},"modified":"2026-05-29T22:05:00","modified_gmt":"2026-05-29T20:05:00","slug":"yes-or-no-five-reasons-for-bitcoin","status":"publish","type":"post","link":"https:\/\/www.coinpro.ch\/en\/insights-en\/yes-or-no-five-reasons-for-bitcoin\/","title":{"rendered":"Yes or No? Five Reasons for Bitcoin"},"content":{"rendered":"

Bitcoin holders may be pleased with unimagined price gains, but there are also other good arguments in favor of Bitcoin<\/a> (BTC). These are the five most important reasons for Bitcoin. <\/p>\n

1. Abolition of Cash<\/strong><\/h2>\n

If debit cards were to suddenly stop working in the event of a global crisis, citizens would flock to bank counters to withdraw cash. It would be the only means of payment that gives citizens a sense of security and still functions. We saw a similar scenario at the beginning of the COVID-19 pandemic.<\/p>\n

But it doesn’t have to be that way. The more important question here is how much cash actually exists and whether everyone could actually get their hands on it. The answer to this question is sobering, as currently only about 1.3 trillion euros are in circulation as coins and banknotes, according to the European Central Bank (ECB) report. That would be only a fraction of the total M3 money supply, which amounts to 13.9 trillion euros.<\/p>\n

Accordingly, citizens could only exchange about 10 percent of their bank balance into cash, which in turn means that we are already dependent on electronic payments today. Anyone who wants to protect themselves from such scenarios prefers to keep part of their assets in BTC. <\/p>\n