Chances are good that you are reading this article after the latest rage of the jump in the value of Bitcoin, which loomed over $ 20,000. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some reasons why you should:
MORE TO COME
The first thing many people think, when they hear about the current price, is that it is too late and that people who are still buying Bitcoin are just jumping. In fact, with the years of mining coming, and the currency is still in its infancy (more like teenage years), the value will continue to grow and it’s a good investment.
Blockchain is not just a cryptocurrency. This is the future of the supply chain and the fight against counterfeiting. Super smart protocols like DAO (Decentralized Autonomous Organization) and Smart Contracts are a few things that stem from a blockchain that automates the organization’s work and money transaction.
Every day people are robbed and bank robberies are carried out. Bitcoin and Blockchain ensure that the money in your digital wallet is at a security level that is extremely secure from the virtual number that displays your money at your local bank.
Have you ever had a bad experience when you need to send some money to the other side of the world, and the amount of fees for currency conversion, opening letters of credit, bank charges, etc. Did she make you shiver? Bitcoin removes 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 costs by sending money directly to the desired recipient.
TIME IS MONEY
Did we mention that you can send money yourself directly? This saves you time because you don’t have to fill out forms and applications. Just request the recipient’s public address and click the required amount.
Since Bitcoins are limited in number (only 21 million will ever be produced), the value of this cryptocurrency cannot be devalued as a limited supply, but growing demand means it is a self-floating currency. No inflation means an excellent investment.
Remember the Greek financial crisis in which city councils were asked to hand over extra money to the central bank? In normal currency, the central bank is the owner, not you, and can force you to return it to them. Bitcoin is not owned by anyone, but by you because of the amount in your hand. No one can force you to do that.
It is not too late to invest in Bitcoin and Blockchain, but like any other currency, the future cannot be predicted. Study the tables of the desired bitcoin exchange carefully before you decide to invest.