Why Purchase Physical Bitcoins?

With extensive experience as an electrical/software/coding engineer along with having a diverse financial background, Thomas Wettermann’s areas of interest include Machine Learning (ML), artificial intelligence (AI), and Financial Technology (FinTech). For the past few years, Thomas Wettermann has focused on the underlying technologies that support and promote all phases of cryptocurrency, Web 3.0, and metaverse ecosystems.

Why Purchase Physical Bitcoins?

People have purchased physical Bitcoins as investment vehicles, hoping that the price of Bitcoin continues its bull run. In addition, early on, some Bitcoiners purchased these coins as pieces of art.

Apart from investing and collecting, some investors see advantages to purchasing these coins for estate or inheritance planning. For example, these physical coins can be placed in a safe deposit box and easily separated for heirs later on. This makes it easy to separate valuations and doesn't require the use of exchange accounts or wallets for storage. 

n addition, physical Bitcoins represent the highest level of monetary transaction privacy, as there is nothing to associate the owner with an address. Such coins can be exchanged among many different owners without producing any traceable record, not even on the blockchain.

However, if you are interested in owning physical Bitcoin, it is perhaps prudent to consider only the more popular physical Bitcoins, such as those that were distributed by Casascius or Titan.

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Thomas Wettermann is not an independent financial advisor. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as a general market commentary of Thomas Wettermann and does not constitute investment advice.

Thomas Wettermann will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

Trading digital financial assets such as cryptocurrencies can carry a high level of risk, and may not be suitable for all investors. Before deciding to invest, purchase, and/or trade cryptocurrency you should carefully consider your investment objectives, experience level, adversity to risk, and volatilities. The possibility exists that you may sustain a loss of some or all of your initial investment; therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from a qualified and independent financial advisor.

All the views expressed on this site are those of Thomas Wettermann and do not represent the opinions of any entity with which Thomas Wettermann has been, is currently, or will be affiliated.