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 trying to find reasons to invest in this cryptocurrency and the blockchain technology. Here are some 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 truth, with years of mining to come 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.
Blockchain is not only about cryptocurrency. mining It’s the future of supply chain and fighting counterfeiting. Super smart protocols such a DAO (Decentralized Autonomous Organization) and Smart Contracts are a few what to stem from blockchain that automate workings of a business and transaction of money.
Every day folks are robbed and bank heists are done. Bitcoin and Blockchain ensures that the amount of money stored in your digital wallet is at a security level that is extremely safe compared to the virtual number depicting your cash in your local bank.
Ever had the bad experience where you need to send some money to another side of the world and the amount of costs for currency conversion, opening Letter of Credits, banking charges etc. made you cringe? Bitcoin does away with all that. Since there is no banking system in terms of cryptocurrencies, there is no intermediary like a bank. It is possible to avoid each one of these excessive charges by sending money directly to the intended recipient.
TIME IS MONEY
Did we mention it is possible to send the 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 required amount.
Since Bitcoins are limited in number (only 21 million will ever be produced), the worthiness of this cryptocurrency can’t be devaluated because the limited supply but an increasing demand means that it is self-floating currency. No inflation means an excellent investment.