Most likely, you are reading this article after the last frantic jump in the value of bitcoin, which led to a mark of $ 20,000. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some of the reasons you should:
THERE WILL BE MORE
The first thing many people think when they hear about the current price is that they are late and people who are still buying bitcoin are just jumping. Truth be told, with the coming years of mining, and the currency is still in its infancy (more like teenage years), its value will still rise, and it’s a smart investment.
Blockchain is not just a cryptocurrency. This is the future of supply chains and the fight against counterfeiting. Super-smart protocols such as DAO (decentralized stand-alone organization) and smart contracts are a few things that come from a blockchain that automate an organization’s work and money transaction.
People are robbed every day and banks are robbed. Bitcoin and Blockchain ensure that the money stored in your digital wallet has an extremely secure level of security 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 end of the world, and the amount of expenses for currency conversion, opening a letter of credit, bank fees, etc. made you shudder? Bitcoin stops it all. Since there is no banking system when it comes to cryptocurrencies, there is no intermediary like a bank. You can avoid all these excessive costs by sending money directly to the intended recipient.
Did we mention that you can send money directly yourself? This will save you time as you do not need to fill out forms and applications. Just ask for the public address of the recipient and click the required amount.
Because the number of bitcoins is limited (only 21 million will be produced), the value of this cryptocurrency cannot be devalued due to limited supply, but the ever-increasing demand means that it is a self-floating currency. Lack of inflation means excellent investment.
Remember the Greek financial crisis when city councils asked to transfer extra money to the central bank? With regular currency the central bank is the owner, not you, and can force you to give it back to them. Bitcoin does not belong to anyone but you for the amount in your hands. No one can force it from you.
what is cryptocurrency
It is not too late to invest in Bitcoin and Blockchain, but, as in any other currency, the future is unpredictable. Carefully study the charts of your chosen bitcoin exchange before making an investment.