People think Bitcoin could be a way to protect their money if the economy gets uncertain, especially if there's inflation or the value of money goes down. This is because there's only a limited amount of Bitcoin and it's not controlled by any one government or group. But it's also important to remember that Bitcoin can be risky, just like any investment. It's smart to do your own research and talk to experts before you invest any money.
Yes, due to the limited supply of Bitcoin, it will never see the inflation that our traditional currencies have seen to date. And that is the main reason many of us believe that it will free us from economic hardship and yes it cannot be controlled by any state or individual and it is personal protection more than our conventional economic system. But we have to keep in mind that even though Bitcoin does not have inflation like our traditional currencies, but it is highly volatile, and that makes it a risky investment too. But if it is kept for long-term investment as an asset then I think it can be a new digital asset like gold which is one of the means to hold our wealth.
And if you can't do your research find and depend on someone who you know can do research for you or whose research work you can depend on, these people are sometimes hard to find. Do not just invest any money without any form of research because that will be a regrettable situation for you in the nearest future maybe not necessarily because the investment may fail but it may turn out to be not the right investment for you. With proper research you have a good understanding of what you're getting into and that will prepare you to handle any emotional burden or stress that comes with it.
I would recommend doing your own research because no one knows your capabilities and risk factors better than you. Moreover, I think it will not be a wise decision to rely on others to do research Because if you want to invest, you have to take the risk completely, that is, your fund will be more protected on your own research, which you will not find in others' research. So I would say to build your research capability before investing, it is better not to invest before that. And if he wants to invest for the long term, then he can start investing in Bitcoin as much as he can afford now, because Bitcoin is always safe for long-term investment, especially at the current price of Bitcoin, it can definitely be invested in it as a newbie.