Chances are you read this article after the latest Bitcoin price jump scandal found it embarrassing at the $ 20,000 mark. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some of the reasons you need:
MORE TO COME
The first thing a lot of people think about, when they hear about the current price, is that they’re too late and people who are still buying Bitcoin are just jumping on the bandwagon. In fact, with the mining years to come and the money is still in its infancy (like the teenage years), its value will go up even more and it’s 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 like DAO (Decentralized Autonomous Organization) and Smart Contracts are some of the things that come from the blockchain that automate an organization’s work and money transactions.
Every day people are robbed and commit bank robberies. 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 that describes your money at your local bank.
Have you ever had a bad experience where you had to send a money to the other side of the world and the amount of fees for converting money, opening Letter of Credits, bank fees etc. makes you shiver? Bitcoin eliminates all of that. Since there is no banking system when it comes to cryptocurrencies, there is no intermediary like a bank. You can avoid all excessive fees by sending money directly to the intended recipient.
MONEY IS TIME
Did we mention that you can send the money directly to yourself? That will save you time because you don’t have to fill out forms and applications. Just ask for the recipient’s public address and click the required amount.
Since Bitcoins are limited in number (only 21 million can be), the value of this cryptocurrency will not decrease as the supply is limited but the constant increase in demand means that it is floating on its own currency. No inflation translates into a very good investment.
Remember the financial crisis in Greece where town councils were asked to hand over more money to the central bank? With normal money, the central bank is the owner, not you, and can force you to return it to them. Bitcoin is not owned by anyone, but yourself for the amount at hand. No one can force it away from you.
It’s never too late to invest in Bitcoin and Blockchain, but like any other currency, the future is unpredictable. Study the charts of your preferred bitcoin exchange well before committing to an investment.