Chances are you read this article after the latest Bitcoin value jump frenzy, which saw it only on the verge of $ 20,000. You are now looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some of the reasons why you should:
MORE TO COME
The first thing a lot of people think, when they have news of the current price, is that it’s too late and people who keep buying Bitcoin are just jumping. In fact, with the mining years to come and the currency still in its infancy (rather as teenagers), its value has yet to increase and it is a solid investment.
Blockchain is not just about cryptocurrencies. It is the future of the supply chain and the fight against counterfeiting. Super-smart protocols, such as DAO (Autonomous Decentralized Organization) and Smart Contracts, are some things that are derived from the blockchain that automates an organization’s operation and money transaction.
Every day people are robbed and bank robberies are done. Bitcoin and Blockchain ensure that the money stored in your digital wallet is at an extremely secure level of security than the virtual number that represents your cash at your local bank.
Have you ever had the bad experience of sending money to the other side of the world and the amount of charges for currency conversion, opening a letter of credit, bank charges, and so on. Bitcoin eliminates all that. Since there is no banking system when it comes to cryptocurrencies, there is no intermediary like a bank. You can avoid all these excessive charges by sending money directly to the intended recipient.
TIME IS MONEY
Did we mention you can send the money directly yourself? This saves you time as you do not need to fill out forms or applications. All you have to do is ask for the recipient’s public address and click on the required amount.
Since the number of bitcoins is limited (only 21 million will be produced), the value of this cryptocurrency cannot be devalued as supply is limited, but growing demand means it is a self-floating currency. No inflation translates into an excellent investment.
Remember the Greek financial crisis where municipalities were asked to hand over extra money to the central bank? With the normal currency, the central bank is the owner, not you, and can force you to return them. Bitcoin is not owned by anyone, but by yourself for the amount you have at your disposal. No one can force it.
It’s not too late to invest in Bitcoin and Blockchain, but like any other currency, the future cannot be predicted. Study the charts of your favorite bitcoin exchange well before committing to an investment.