Chances are that you will be reading this article after the latest frenzy of Bitcoin value jump that saw it just shy of the $20,000 mark. Now you are seeking reasons to invest in this cryptocurrency and the blockchain technology. Here are some of the reasons you should:
MORE TO COME
The first thing lots of people think, when they hear of the current price, is they are too late and people who are still buying Bitcoin are just jumping the bandwagon. In reality, with years of mining to come and the currency is still in infancy (similar to teenage years), the value of it is still to rise and it is an audio investment.
AUTOMATED TECHNOLOGY
Blockchain isn’t just about cryptocurrency. It is the future of supply chain and fighting counterfeiting. Super smart protocols such a DAO (Decentralized Autonomous Organization) and Smart Contracts certainly are a few things to stem from blockchain that automate workings of an organization and transaction of money.
SECURE
Every day folks are robbed and bank heists are done. Base bridge eth and Blockchain ensures that the money stored in your digital wallet is at a security level that is extremely safe compared to the virtual number depicting your cash in your local bank.
SAVING MONEY
Ever had the bad experience where you need to send some money to another side of the world and the amount of charges for currency conversion, opening Letter of Credits, banking charges etc. made you cringe? Bitcoin eliminates all that. While there is no banking system with regards to cryptocurrencies, there is absolutely no intermediary like a bank. You can avoid all these excessive charges by sending money right to the intended recipient.
TIME IS MONEY
Did we mention you can send the money directly yourself? That saves you the time since you don’t need to complete forms and applications. Just ask for the receiver’s public address and click away the required amount.
NO INFLATION
Since Bitcoins are limited in number (only 21 million will ever be produced), the value of this cryptocurrency cannot be devaluated because the limited supply but an increasing demand means that it really is self-floating currency. No inflation means an excellent investment.
YOUR OWN