- Euro
- Gold
- Bitcoin
| Euro | Gold | Bitcoin | |
$3999 /year | $3999 /year | $3999 /year | |
| Decentralized | |||
| Scarce | |||
| Divisible | |||
| Portable | |||
| Durable | |||
| Recognizable | Buy Now | Buy Now | Buy Now |
Why Bitcoin
Bitcoin as a savings tool
There are many reasons why Bitcoin may be important to you. At SatsVault we focus on the features that are important for Bitcoin as a savings tool.
On October 31, 2008, Satoshi Nakamoto published the Bitcoin white paper called “Bitcoin: A Peer-to-Peer Electronic Cash System”. Satoshi's work, which no one knows who it is, builds on work that had started decades earlier. The goal: to create electronic money that cannot be controlled or changed by anyone.
For savers, the most important properties of Bitcoin are:
- Decentralization: There is no one who can influence the operation of Bitcoin as an individual or group. Only a majority of users can change the properties of Bitcoin
- Scarcity: There will be a maximum of 21 million bitcoins in circulation, making it not subject to inflation
- Divisibility: Because Bitcoin is digital, it can be easily divided into smaller amounts
- Portability: Because Bitcoin is digital, it can be easily carried around
- Sustainability: 1 bitcoin = 1 bitcoin, now and 100 years in the future
- Recognizability: The authenticity of a bitcoin can be easily verified
Before Bitcoin existed, gold had most of the desirable properties of money. Bitcoin is therefore also called digital gold.
Bitcoin has no inflation
Inflation occurs when more money is printed or created out of thin air. A consequence of this is that your money becomes less valuable over time.
In the Eurozone, there is no set limit on how many euros can be created. As more euros are created by budget deficits and new spending laws, the euros you have buy less and less as time goes by (example USD). Because so many euros have been printed in recent years, the purchasing power of the euros in your bank account and in your wallet has decreased significantly over time.
With Bitcoin, there is a set limit of 21 million bitcoin that will ever exist. Since new bitcoins cannot be created, their value has increased significantly over time.
21 million bitcoin, ultimate scarcity
There will be a maximum of 21 million bitcoins that will be released through the so-called 'mining process'. More than 93% of bitcoins have already been mined; the remainder will be released slowly, after which no new bitcoins will be added after the year 2140.
Every 10 minutes, new bitcoins become available to the 'miners' who secure the network, via the so-called block reward (subsidy). The amount of bitcoin released is halved every four years, in what is known as the 'halving'. The next halving will take place in April 2024, after which the number of new bitcoins per day will halve from 900 to 450.
The following graph shows with orange bars how the block reward was initially 50 bitcoins per 10 minutes and as of April 2024 is only 3,125. The black line shows how many bitcoins are already available and still to be released.
Source: https://www.onceinaspecies.com/p/next-cycle-could-be-bigger
With over 50 million millionaires worldwide (measured in USD), it is impossible for every millionaire to own an entire bitcoin. Fortunately, a bitcoin consists of 100,000,000 smaller units, commonly called satoshis. So you don't have to buy a whole bitcoin, but you can also own a fraction of a bitcoin.
Bitcoin's purchasing power is increasing
It is well known that bitcoin (denominated in euros) is volatile. However, if you look over a long enough period, you will see that purchasing power is increasing rapidly. BlackRock, the world's largest asset manager, shows that the value of bitcoin, expressed in US dollars, has increased by an average of 124% annually over the years 2013-2023.
Source: https://www.ishares.com/us/literature/product-brief/ibit-product-brief.pdf
To make the above information more tangible, below you will find a table showing how much your capital in euros would have grown over different periods until March 1, 2024 if you had saved 10 euros every week. The percentage growth remains the same, regardless of whether you save 1 or 100 euros per week.
To make the above information more tangible, below you will find a table showing how much your capital in euros would have grown over different periods until March 1, 2024 if you had saved 10 euros every week. The percentage growth remains the same, regardless of whether you save 1 or 100 euros per week.
The price of bitcoin expressed in euros does not say anything about its purchasing power, since inflation has also taken place. Below is an overview of average house prices expressed in bitcoin. This shows that house prices fall in the long term when denominated in bitcoin.
Source for house prices: https://calcasa.nl/
*For the year 2024, the available data of March 2024 has been used. The Bitcoin price is based on the value of early March 2024.
The following graph shows that after the previous halvings, the price of bitcoin, expressed in euros, increased significantly. Although past results do not guarantee future results, they can serve as a guide to possible outcomes.
Want to learn more?
There are numerous resources (books, podcasts, websites) to learn more about Bitcoin, such as:
- Bitcoin.nl: Current and reliable source for Bitcoin news and everything related to Bitcoin
- Bitcoin.rocks (English): Learn more about Bitcoin's impact on the world
Looking for something specific? Let us know during one initial interview.
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