Chances are you read this article after the latest frenzy of the Bitcoin value jump which saw it as more embarrassing than the 20,000 20,000 mark. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some of your reasons:
More to come
The first thing that comes to the minds of many, when they hear about the current price, is that they are too late and those who still buy Bitcoin are just jumping on the bandwagon. In a real sense, mining has been around for a few years now and the currency is still in its infancy (like more teenage years), its value continues to rise and it is a strong investment.
Blockchain is not just about cryptocurrency. This is the future of supply chain and fighting fraud. Super smart protocols such as a DAO (Decentralized Autonomous Agency) and smart contracts are some of the things that start from blockchain that automate the work and money transactions of an organization.
Every day people are robbed and bank histories are made. Bitcoin and blockchain ensure that the money stored in your digital wallet is at a level of security that is much more secure than the virtual number of your cash at your local bank.
Have you ever had a bad experience where you had to send some money to the other side of the world and how many charges for currency conversion, opening letter of credit, banking charges etc have caused you to cry? Bitcoin removes everything. Since there is no banking system when it comes to cryptocurrency, there is no intermediary like a bank. You can avoid all these additional charges by sending money directly to the accused recipient.
Time is money
Did we mention that you can send money directly? This saves you time as you don’t have to fill out forms and applications. Just ask the recipient’s public address and click the required amount.
Since Bitcoins are limited in number (only 21 million will ever be produced) the value of this cryptocurrency may not be worthless as a limited supply but rather the growing demand means it is a self-floating currency. No inflation translates to a great investment.
Remember the Greek financial crisis where the city council was asked to transfer excess cash to the central bank? With the help of common currency, the central bank is not you, the owner and you can force them to return it. Bitcoin is not owned by anyone, for the amount you own. No one can take it away from you.
It’s not too late to invest in Bitcoin and blockchain, but like other currencies, the future can’t be predicted. Study the charts of your preferred bitcoin exchange before committing to any investment.