{"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":"2025-08-08T17:17:35","modified_gmt":"2025-08-08T15:17:35","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 EC cards suddenly stopped 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 that still works. We had a similar scenario at the beginning of the COVID-19 pandemic<\/a>. <\/p>\n

But that doesn’t have to be the case. What is much more important here is the question of how much cash there is at all and whether everyone could actually get their cash. The answer to this question is sobering, because currently only about 1.3 trillion euros are in circulation as coins and banknotes, according to the report by the European Central Bank<\/a> (ECB). That would only be a fraction of the total money supply M3, 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