Advantages of Bitcoin: Enhanced Financial Freedom, Privacy, and Accessibility

Annelize’s Post: In the 2020 TEDx. Talk, Jad Mubaslat provides his view on the advantages of Bitcoin as an alternative currency. Mubaslat argues that one of the most significant advantages of Bitcoin adoption is that it enhances personal financial freedom. He further noted that, unlike modern financier systems, Bitcoin provides individuals with the freedom to control their money with no control from financial institutions or regulatory agencies. Consequently, Mubaslat acknowledges that Bitcoin users have the freedom of wealth storage with no intervention from third parties that, include banks.  Mubaslat also acknowledged that Bitcoin provides users privacy, crucial in enhancing personal financial freedom. The transactional approach that Bitcoin owners have enhances their anonymity while they make online transactions. Consequently, one cannot risk financial losses or the possibility of physical or online attacks due to third-party knowledge about their money. Mubaslat also stated that the security of transacting and owning Bitcoins remains unmatched. The decentralization approach provides Bitcoin as an independent currency without third-party entities' control. Consequently, a personal wallet for a Bitcoin owner remains safe and secure. Hackers and attackers cannot gain access to the accounts and transfer Bitcoin