Chances are you are reading this article after the latest craze in the bitcoin jump that brought it to 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 should:
MORE IS COMING
The first thing many people think, when they hear about the current price, is that they are late and that people who are still buying Bitcoin are just skipping it. True, with the years of mining coming, and the currency is still in its infancy (more like teenage years), its value will only grow and it is a good investment.
Blockchain is not just a cryptocurrency. That 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 come from blockchains that automate the work of the organization and money transactions.
People are robbed every day and bank robberies are carried out. Bitcoin and Blockchain ensure that money is stored in your digital wallet at a security level that is extremely secure from the virtual number that displays your money at your local bank.
Have you ever had a bad experience where you need to send some money to the other side of the world, and the amount of costs for currency conversion, opening letters of credit, bank charges, etc. he shivered? Bitcoin removes all 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 costs by sending money directly to the recipient.
TIME IS MONEY
Did we mention you can send money yourself? This saves you time because you do not have to fill out forms and applications. Just ask for the recipient’s public address and click on the desired amount.
Since the number of bitcoins is limited (only 21 million will ever be produced), the value of this cryptocurrency cannot be devalued as a limited supply, but the growing demand means that it is a self-floating currency. No inflation is a great investment.
Do you remember the Greek financial crisis when city councils were asked to hand over extra money to the central bank? With a normal currency, the central bank is the owner, not you, and can force you to return it to them. Bitcoin is not owned by anyone but you for the amount at hand. No one can take that away from you.
It is not too late to invest in Bitcoin and Blockchain, but as in any other currency, the future cannot be predicted. Study the charts of your preferred bitcoin exchange well before committing to an investment.