Chances are, you’re reading this article after the latest craze in Bitcoin’s jump in value, which saw that it was simply ashamed of the $ 20,000 mark. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some of the reasons why you should:
THERE IS MORE
The first thing many people think when they hear about the current price is that they are too late and people who are still buying bitcoins just jump. In fact, as the years of digging progress and the currency is still in its infancy (more like teenage years), the value of this still needs to grow and it is 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 such as DAO (Decentralized Autonomous Organization) and Smart Contracts are several things derived from a blockchain that automates the work of an organization and the transaction of money.
Every day people are robbed and bank robberies are committed. Bitcoin and Blockchain ensure that the money stored in your digital wallet is at a level of security that is extremely secure from the virtual number depicting your money at your local bank.
Have you ever had a bad experience when you have to send some money to the other side of the world and the amount of fees for currency conversion, opening a letter of credit, bank fees, etc. made you shrink? Bitcoin removes all this. Since there is no banking system when it comes to cryptocurrencies, there is no intermediary as a bank. You can avoid all these excessive fees by sending money directly to the desired recipient.
TIME IS MONEY
Did we mention that you can send the money yourself? This saves you time as you do not have to fill in forms and applications. Just ask the recipient’s public address and click on the desired amount.
Because bitcoins are limited in number (only 21 million will ever be produced), the value of this cryptocurrency cannot be devalued as limited supply, but growing demand means that it is a self-floating currency. No inflation leads to an excellent investment.
Do you remember the Greek financial crisis, in which city councils were asked to hand over additional funds to the central bank? In a 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 for the amount in hand. No one can force it on you.
It is not too late to invest in bitcoin and blockchain, but like any other currency, the future cannot be predicted. Research the rankings of your preferred bitcoin exchange well before committing to an investment.