Perhaps you are reading this article after the latest frenzy of Bitcoin price jumps which is more embarrassing than the $ 20,000 mark. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some of the reasons:
More to come
The first thing many people think when they hear about the current price is that they are too late and those who are still buying Bitcoin are just jumping on the bandwagon. In fact, with so many years left to mine and the coin still in its infancy (like more adolescence), its value will still rise and it is a good investment.
Blockchain is not just about cryptocurrency. This is the future of the supply chain and the fight against counterfeiting. Super smart protocols such as a DAO (decentralized autonomous body) and smart contracts are some of the things that arise from blockchain that automate an organization’s work and money transactions.
Every day people are robbed, banks are robbed. Bitcoin and blockchain ensures that the money stored in your digital wallet is at a level of security that is extremely secure from your cash embodied virtual number at your local bank.
Ever had a bad experience where you had to send some money to the other side of the world and the amount of charges for currency conversion, opening letter of credit, banking charges, etc. made you cry? Bitcoin eliminates all that. Since there is no banking system for cryptocurrency, there is no intermediary like the bank. You can avoid all these extra charges by sending money directly to the intended recipient.
Time is money
Did we mention that you can send money directly to yourself? This saves you time because you don’t have to fill out forms and applications. Just ask the recipient’s public address and click the required amount.
Since Bitcoin is limited in number (only 21 million will ever be produced), the value of this cryptocurrency cannot be underestimated as a limited supply, but the ever-increasing demand means it is a self-floating currency. No inflation translates to an excellent investment.
Remember the Greek financial crisis where city councils were asked to transfer excess cash to the central bank? With ordinary currency, the central bank owns, not you, and may force you to return it to them. Bitcoin is not owned by anyone, for the amount you own. No one can force you away.
It is not too late to invest in Bitcoin and Blockchain, but like other currencies the future cannot be predicted. Study the Bitcoin exchange chart of your choice carefully before making an investment.