Martin Mladenov

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Martin Mladenov
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πŸ‡§πŸ‡¬ Bulgarian coder working with PHP and JS, a Bitcoin maxi driven by financial freedom. Huge Nostr fan and all about that decentralized life! #bitcoin #nostr
Many argue that Bitcoin is less liquid than fiat money because you can’t spend it everywhere – not at your local grocery store or for paying taxes. But let’s dig deeper. Liquidity isn’t just about where you can spend your money; it’s about how quickly and freely you can access and use your assets. Picture this: you’ve got a hefty sum in your bank account and decide to withdraw it in cash. For larger amounts, banks often require advance notice – sometimes days or even weeks. On top of that, you might need to justify why you want your own money or wait for the bank’s approval. Does that sound like true liquidity? Now, consider Bitcoin: if you have access to your wallet, you can transfer it in minutes, without asking anyone, without intermediaries, and without red tape. In this sense, isn’t Bitcoin more liquid? It all depends on perspective – whether you value the freedom to control your assets instantly or are accustomed to the constraints of traditional banking. Sure, Bitcoin isn’t universally accepted yet, but in the digital realm, where transactions move at lightning speed, it offers a level of control and immediacy that fiat money struggles to match.