Most likely, you are reading this article after the last frantic jump in the value of bitcoin, which saw that it is ashamed of the $ 20,000 mark. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some reasons why you should:
MORE THAT WILL COME
The first thing many think when they hear about the current price is that they are too late and people who are still buying bitcoin are just jumping. Truth be told, with the following years of mining, and the currency is still in its infancy (more like adolescence), its value is still rising, and it’s a serious investment.
Blockchain is not just a cryptocurrency. This is the future of the supply chain and the fight against counterfeiting. Super-smart protocols such as DAO (Decentralized Autonomous Organization) and smart contracts are a few things that stem from a blockchain that automates an organization’s work and money transaction.
Every day people are robbed and banks are robbed. Bitcoin and Blockchain ensure that the money stored in your digital wallet is at a security level that is extremely secure than a virtual number that displays your cash at your local bank.
Have you ever had a bad experience when you needed to send money to the other side of the world, and the amount of the fee for currency conversion, opening a letter of credit, bank payments, etc. made you ugly? Bitcoin eliminates all that. Since there is no banking system in cryptocurrencies, there is no such intermediary as a bank. You can avoid all these excessive costs by sending the money directly to the intended recipient.
Did we mention that you can send money yourself? This saves your time as you do not need to fill out questionnaires and applications. Just ask for the open address of the recipient and click the desired amount.
Because the number of bitcoins is limited (only 21 million will ever be produced), the value of this cryptocurrency cannot be devalued because supply is limited, but ever-increasing demand means it is a self-floating currency. No inflation means a great investment.
Remember the Greek financial crisis when city councils were asked to transfer extra money to the central bank? In regular currency, the central bank is the owner, not you, and can force you to return it to them. Bitcoin belongs to no one but to you for the cash. No one can force you.
It is not too late to invest in bitcoin and blockchain, but, as in any other currency, the future cannot be predicted. Before you start investing, carefully study the charts of your chosen bitcoin exchange.