Chances are you are reading this article after the latest frenzy of Bitcoin value jump that saw it just shy of the $20,000 mark. Now you are looking for reasons to invest in this cryptocurrency and the blockchain technology. Below are a few of the reasons you should:
MORE TO COME
The first thing lots of people think, if they hear of the existing price, is they are too late and people that are still buying Bitcoin are just jumping the bandwagon. In reality, with years of mining ahead and the currency is still in infancy (more like teenage years), the worthiness of it is still to go up and it is a sound investment.
AUTOMATED TECHNOLOGY
Blockchain isn’ Hop exchange about cryptocurrency. It’s the future of supply chain and fighting counterfeiting. Super smart protocols this type of DAO (Decentralized Autonomous Organization) and Smart Contracts certainly are a few what to stem from blockchain that automate workings of a business and transaction of money.
SECURE
Every day folks are robbed and bank heists are done. Bitcoin and Blockchain means that the amount of money stored in your digital wallet reaches a security level that is extremely safe compared to the virtual number depicting your money in your local bank.
SAVING MONEY
Ever endured the bad experience where you need to send some cash to the other side of the world and the amount of costs for currency conversion, opening Letter of Credits, banking charges etc. made you cringe? Bitcoin eliminates all that. While there is no banking system in terms of cryptocurrencies, there is no intermediary like a bank. It is possible to avoid all these excessive charges by sending money right to the intended recipient.
TIME IS MONEY
Did we mention you can send the amount of money directly yourself? That saves you enough time since you do not have to fill in forms and applications. Just ask for the receiver’s public address and click away the mandatory amount.
NO INFLATION
Since Bitcoins are limited in number (only 21 million will ever be produced), the value of this cryptocurrency can’t be devaluated as the limited supply but an ever increasing demand means that it is self-floating currency. No inflation translates to an excellent investment.
YOUR OWN