It is very likely that you read this article after the most recent Bitcoin price spike, when the price of Bitcoin was only slightly below 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 do this:
The first thing many people think when they hear the current price is that they are too late, and the people who are still buying Bitcoin are just catching up with the trend. In fact, with the development of mining, the currency is still in its infancy (more like a teenager) and its value is still rising, which is a reliable investment.
Blockchain is not only related to cryptocurrency. This is the future of the supply chain and the fight against counterfeit products. Super-smart protocols such as DAOs (Decentralized Autonomous Organizations) and smart contracts are something derived from blockchains that automate the work of organizations and the transactions of funds.
People are robbed every day, and bank robberies have been completed. Bitcoin and blockchain ensure that the funds stored in your digital wallet are at a safer level of security than virtual numbers that describe your cash in your local bank.
Have you ever had a bad experience, you need to send money to the other side of the world, and currency exchange, issuance of letters of credit, bank charges and other fees make you cringe? Bitcoin eliminates all of these. Since there is no banking system when it comes to cryptocurrency, there are no intermediaries like banks. You can avoid all these excess charges by sending money directly to the target recipient.
time is money
Did we mention that you can send money directly? Since you don’t have to fill out forms and applications, you can save your time. Just ask for the recipient’s public address and click on the required amount.
Due to the limited number of bitcoins (only 21 million coins will be produced), the value of the cryptocurrency cannot be devalued due to limited supply, but the growing demand means that it is a self-floating currency. Inflation will not translate into excellent investment.
Remember when Greece asked the city council to hand over more cash to the central bank during the financial crisis? For normal currencies, 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 own it. No one can force it to leave you.
It is not too late to invest in Bitcoin and blockchain, but like any other currency, the future cannot be predicted. Before investing, carefully study the charts of your preferred Bitcoin exchange.