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You are most likely reading this article after the latest Bitcoin value jump frenzy that saw it just barely below the $ 20,000 mark. 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 many people think, when they learn of the current price, is that it is too late and that people who are still buying Bitcoin are jumping on the bandwagon. In truth, with the mining years to come and the coin is still in infancy (more like adolescence), its value is still rising and it’s a solid investment.
AUTOMATED TECHNOLOGY
Blockchain is not just about cryptocurrencies. It is the future of the supply chain and the fight against counterfeiting. Super smart protocols like DAO (decentralized autonomous organization) and smart contracts are some things that are derived from blockchain that automate the operation of an organization and the transaction of money.
INSURANCE
Every day people are robbed and bank robberies are carried out. Bitcoin and Blockchain ensure that the money stored in your digital wallet is at a level of security that is extremely secure than the virtual number that represents your cash at your local bank.
SAVE MONEY
Have you ever had the bad experience where you need to send some money to the other side of the world and the amount of charges for currency conversion, opening letter of credit, bank charges, etc. made you shiver? Bitcoin removes all of that. Since there is no banking system when it comes to cryptocurrencies, there is no middleman like a bank. You can avoid all of these excessive charges by sending money directly to the intended recipient.
TIME IS MONEY
Did we mention that you can send the money directly yourself? That saves you time since you don’t have to fill out forms or applications. Just ask for the recipient’s public address and click on the required amount.
NO INFLATION
Since Bitcoins are limited in number (only 21 million will be produced), the value of this cryptocurrency cannot be devalued as limited supply, but increasing demand means that it is a self-floating currency. No inflation translates into an excellent investment.
YOUR OWN
Remember the Greek financial crisis in which municipalities were asked to hand over extra money to the central bank? With regular currency, the central bank owns it, not you, and can force you to pay it back. Bitcoin is not owned by anyone, but by yourself for the amount in hand. No one can take it away from you.
It is not too late to invest in Bitcoin and Blockchain, but like any other currency, the future cannot be predicted. Carefully study the charts of your preferred bitcoin exchange before committing to an investment.