No doubt you think you are embarrassed by the value of the $ 20,000 you read in this article after the last rage of the Bitcoin value jump. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some reasons:
The first thing many people think when they hear the current price is that they are very late and people who still buy Bitcoin just skip something. In fact, with the advent of the mining years and the fact that the currency is still in its infancy (more like a young age), its value is still rising and it is a healthy investment.
Blockchain is not just about cryptocurrency. This is the future of the supply chain and the fight against fraud. Super-smart protocols, such as the DAO (Decentralized Autonomous Organization) and Smart Contracts, are just a few of the things that come from a blockchain that automates an organization’s work and money transactions.
Every day people are robbed and bank robbers are killed. Bitcoin and Blockchain ensure that the money stored in your digital wallet is at a much more secure level than the virtual number that reflects your cash in your local bank.
You had a bad experience where you had to send some money to one side of the world and you had to convert currency, open a letter of credit, bank charges and so on. Did the costs hurt you? Bitcoin destroys all of them. When it comes to cryptocurrencies, there is no intermediary like a bank because there is no banking system. You can avoid all these excessive payments by sending money directly to the intended recipient.
TIME IS MONEY
Did we say you can send money directly yourself? This saves you time as you do not have to fill out a form and application. It is enough to ask for the open address of the buyer and enter the required amount.
There is no inflation
Since the number of Bitcoins is limited (only 21 million will be produced), the value of this cryptocurrency cannot be depreciated as a limited supply, but the increasing demand indicates that it is a self-floating currency. No inflation turns into an excellent investment.
Do you remember the Greek financial crisis, when municipal councils demanded additional cash from the central bank? With normal currency, the central bank is the owner, not you, and can force you to return them. Bitcoin does not belong to anyone, it belongs to you according to the amount in your hand. No one can force it on you.
It’s not too late to invest in Bitcoin and Blockchain, but like other currencies, the future is unpredictable. Carefully study your preferred bitcoin exchange charts before making an investment.