House Purchase with Bitcoin: Exploring Cryptocurrency's Journey from Investment Craze to Store of Value

Bitcoin's surge in 2024 has attracted widespread attention, with its price continuing to climb and prompting many to view it as a lucrative investment opportunity. With over 50 million Bitcoin wallets holding nonzero balances and the advent of Bitcoin ETFs potentially expanding this number further, the cryptocurrency has garnered significant interest among investors. While some perceive Bitcoin primarily as a speculative investment, others recognize its deflationary properties, attributed to its halving mechanism that reduces token issuance every four years. This feature contrasts with traditional fiat currencies, which typically experience exponential inflation. Bitcoin proponents argue that its deflationary nature positions it as a store of value, capable of preserving and even increasing purchasing power over time. As a result, they anticipate ongoing appreciation in Bitcoin's value and foresee a future where widespread adoption could facilitate transactions conducted entirely in Bitcoin.