You are reading this article after the latest craze to jump the price of Bitcoin which seems to be more embarrassing than the 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 many people think when they hear about the current price is that they are too late and those who are still buying bitcoin are just jumping on the bandwagon. In a real sense, there are many years left in the mine and the coin is still in its infancy (more like a teenager), its value will still rise and it is 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 such as a DAO (decentralized autonomous body) and smart contracts are some of the things that arise from blockchain that automate an organization’s work and money transactions.
Every day people are robbed, banks are robbed. Bitcoin and blockchain ensures that the money stored in your digital wallet is at a level of security that is extremely secure from your cash depicted virtual number at your local bank.
Ever had a bad experience where you had to send some money to the other end of the world and the amount of charges for currency conversion, credit opening letters, banking charges, etc. made you cry? Bitcoin removes all that. Since there is no banking system for cryptocurrencies, there is no intermediary like a bank. You can avoid all these additional charges by sending money directly to the intended recipient.
Time is money
Did we mention you can send money directly yourself? This saves you time because you don’t have to fill out forms and applications. Just ask the recipient’s public address and click the required amount.
Since Bitcoin is limited in number (only 21 million will ever be produced), the value of this cryptocurrency cannot be underestimated as a limited supply but the ever-increasing demand means it is a self-floating currency. No inflation translates to an excellent investment.
Remember the Greek financial crisis where city councils were asked to transfer excess cash to the central bank? With ordinary currency, the central bank owns, not you, and may force you to return it to them. Bitcoin is not owned by anyone, for the amount you own. No one can force you away.
It’s not too late to invest in Bitcoin and blockchain, but like other currencies the future can’t be predicted. Study your preferred bitcoin exchange chart carefully before making an investment.