Chances are you’ve been reading this article after the recent frenzy of the Bitcoin value jump, which saw you shiver with the $ 20,000 mark. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some reasons you should:
The first thing many people think, when they find out about the current price, is that it’s too late and that people who are still buying Bitcoin are jumping. The truth is that mining is coming in the coming years and the currency is still in its infancy (like in adolescence), its value is increasing and it is a solid investment.
Blockchain is not just about cryptocurrency. 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 of the things that arise from the blockchain that automates an organization’s operation and money transaction.
People are robbed every day and bank robberies are committed. Bitcoin and Blockchain ensure that the money stored in your digital wallet is a level of security that is much more secure than the virtual number that represents your money in your local bank.
Have you had a bad experience when you had to send money to the other side of the world and the amount of costs of converting currency, opening a letter of credit, bank charge, etc. made you cringe? 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 these excessive charges by sending money directly to the recipient.
TIME IS MONEY
Did we mention that you can send the money directly? This saves time because you don’t have to fill out forms and requests. Just ask for the recipient’s public address and click on the requested amount.
Due to the limited number of bitcoins (only 21 million will be generated), the value of this cryptocurrency cannot be devalued as supply is limited, but the growing demand means that the currency is auto-mobile. Inflation does not become a great investment.
Do you remember the financial crisis in Greece, where municipalities were asked to give extra money to the central bank? With normal currency, the central bank is the owner, not you, and can force you to return them. No one owns Bitcoin, but it is up to you for the amount. No one can rape you.
It’s not too late to make investments in Bitcoin and Blockchain, but like any other currency, the future cannot be predicted. Examine your favorite bitcoin exchange charts before committing to investing.