To save in #Bitcoin , you need a MINUMUM 4-year time horizon.
The price of #BTC (the currency used on the Bitcoin network) is volatile in terms of all assets and fiat currencies because it's not yet widely used as money. Keep in mind that more countries and businesses are adopting it over time.
Two months from now, 1 BTC may be worth a lot less than it is today. In four years or more, the purchasing power will very likely increase because:
1) The supply is fixed at 21,000,000 BTC.
2) The amount being issued will decrease by 50% every 4 years until ~2140 (the next "halving" is April 2024).
3) 93% (~19,500,000 BTC) of the total supply has already been issued, and a lot of it is locked away in cold storage.
4) A huge chunk of the issued supply of BTC is likely lost forever (people have lost the keys to their wallets or the wallet was damaged somehow and they didn't have a backup of the seed phrase). The lost supply is estimated to be around 4,000,000 BTC.
5) Bitcoin adoption will increase over time. This will lead to an increase in demand. Increased demand + decreased supply = price is forced to go up.
Bitcoin provides the following utility:
1) The network is censorship resistant. This is so valuable because the current world reserve currency CAN be censored.
US sanctions on Russia have destroyed the trust the world had in the US Dollar. Any country that has problems with the US is in danger of losing its reserves.
2) Bitcoin is decentralized. Nobody controls Bitcoin. Nobody CAN control Bitcoin. Bitcoin is software that runs on computers spread around the world. It's simply a ledger of transactions or a record of who owns what.
That record can't be manipulated because there are now 20,000+ computers running the Bitcoin software and confirming that the ledger is accurate. These computers are confirming the validity of the ledger. You can shut down 1, 2, 10, 100 or 1,000, but shutting down every single one of them is impossible because the locations of more than 10,000 of them is unknown.
3) Bitcoin is a form of secure base-layer money and is comparable to the SWIFT system the world currently uses.
Fees on BTC transactions are considered high, but it's important to consider that Bitcoin transactions are expensive because of the security. When compared to SWIFT, the transactions are NOT expensive... But they ARE much faster (30 mins to 1 hour vs 3 to 5 business days. These networks are used for LARGE transactions.
The lightning network is a layer two solution (it runs "off-chain" using a new network of payment channels), and is built for SMALL transactions. Transactions cost 0.00000001 Bitcoin (1 Satoshi, or a fraction of a penny today) and take a few seconds to complete. The lightning network requires trust in a third party, so it's not as secure as "on-chain" transactions. The fees reflect this.
4) Bitcoin can be traded 24/7. Half of the world doesn't have to stand still because it's outside of banking hours in the US.
5) The entire world can use Bitcoin to store value, instead of just those who have access to a stable banking system.
You may say "I would rather invest in stocks," but you need to realize... most of the world can't buy US stocks, but most of the world can buy Bitcoin.
6) Bitcoin is secure. In the 15 years that Bitcoin software has been running, the network hasn't seen a single exploit (exploits are always at exchanges or on hot wallets that are always connected to the internet).
Take the time to learn about Bitcoin. You won't be disappointed!