8 reasons why Bitcoin is the best store of value according to Fidelity

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There are numerous cryptocurrencies, some of which focus on altcoins, while others focus on more established coins, especially Bitcoin. Fidelity is one such cryptocurrency, which has identified Bitcoin as the best store of value. The reasons for this will be discussed in the following article.

One of the main reasons for the invention of Bitcoin was that it is decentralized and therefore cannot be abused and devalued by a central entity such as a central bank or even, in extreme cases, politicians.

Fidelity also states that the anonymous person Satoshi Nakamoto, rather than a company, and the elimination of pre-mining and an ICO would ensure maximum trust . According to Fidelity, this would also differentiate Bitcoin from other cryptocurrencies such as Ethereum.

As already mentioned, the decentralized management and the immutable number of 21 million Bitcoins mean that an infinite number of new ones cannot be mined, as is the case with fiat currencies, which continually lose value. Fidelity analysts also see this as the reason why Bitcoin is suitable for long-term value preservation .

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Fidelity's crypto experts also appreciate the cautious approach of the Bitcoin developer community. This ensures maximum security, decentralization, and stability . Furthermore, there is no rapidly evolving roadmap like Ethereum or Solana, nor are there hard forks and transitions. Likewise, according to Fidelity, money must be stable rather than innovative.

The analysts also highlight Bitcoin's unparalleled decentralization, which is said to be unmatched . This is due to the high number of full nodes, the distribution of miners, and the number of wallets . This also helps prevent risks such as censorship, manipulation, and centralization.

Fidelity also attributes Bitcoin's security to its Proof-of-Work consensus mechanism, which it claims is the most secure and sophisticated . Furthermore, the hash rate is significantly higher than other networks, thus providing greater security against 51% attacks. Ultimately, the blockchain is secured by the high power consumption that fraudsters would also need to achieve to manipulate the chain.

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According to crypto experts at Fidelity, Bitcoin's security is also strengthened by the fact that the blockchain does not use smart contracts and instead focuses on money transfers and storing value. In contrast, chains, known as technology platforms, offer a larger attack surface, with inscriptions, runes, Layer 2s, and more now also possible on Bitcoin.

Analysts also consider Bitcoin to be particularly secure because it was the first cryptocurrency to be invented. Therefore, it has built a particularly strong brand and is the most popular coin .

Crypto experts also noted that most institutions are primarily focusing their interest on Bitcoin , although there are also a growing number of other crypto treasury firms. According to Fidelity, however, Bitcoin is simpler from a regulatory perspective, lower in risk, and easier to track . Therefore, BTC is expected to continue to be favored.

While Fidelity analysts consider Bitcoin's focus on value transfers and storage sufficient, there is a growing number of advocates pushing for scaling and expanding the ecosystem . These pioneers include the developers of the newly launched Bitcoin Hyper .

This platform is developing a Bitcoin Layer 2 using the SVM (Solana Virtual Machine) to combine Bitcoin's high market capitalization with Solana's more advanced technology . However, all transactions are secured on Bitcoin to benefit from its high level of security.

Thanks to this expansion , more than 1.2 million transactions per second can be achieved, up from 7. Latency can also be reduced from 1 to 10 seconds to 100 ms , opening up numerous high-speed use cases for Bitcoin, such as high-frequency trading in DeFi and TradFi.

https://twitter.com/BTC_Hyper2/status/1930315500388499945

Also noteworthy is the improvement in interoperability , as the bridge allows transactions to be conducted across different blockchains. This provides users with the flexibility necessary for adoption . This allows the ecosystem to spread more easily and increase demand for the $HYPER coin.

The promising concept attracted numerous investors in the first few days, raising USD 787,078 through the presale. This funding will be used, among other things, to develop the ecosystem and promote its adoption. $HYPER coins are available for purchase for USD 0.011825 for less than two days. The staking return of 942% is particularly high.

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