Muhammad Bana’s Post

Bitcoin Coach & Advisor to Family Offices | Founder & CEO, The Bitcoin World

5mo

The one thing you need to know about Bitcoin is: That it's scarce and easy to transfer from A to B. Bitcoin doesn't have to be complicated. #bitcoin #bitcoindubai #cryptocurrency

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These countries are looking for a scarce commodity. There's characteristics that money needs to have and gold was always a good store value because it had scarcity. But where gold is not good is in transferability. Like you can't you cannot take gold and just transfer it to Pakistan. But would the invention of mobile phones, right and how we send emails very quickly across the world. They needed to be a way of. You know, sending value but not duplicating that value. So if I send you an e-mail with a video, I could send it to 100 other people. That is where the blockchain comes into place and it's recorded that I have sent you this Bitcoin and the whole world can see it on the Ledger.

Muhammed Ramees

Muhammed Ramees

Project Leader | Prompt Engineering, Web3, AI

5mo

I agree!

Director at Muhammad Bana Family Office

5mo

Great perspective!

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