Chances are that you are reading this article following 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 several of the reasons you should:

MORE TO COME

The first thing lots of people think, when they hear of the existing price, is they are too late and people who are still buying Bitcoin are just jumping the bandwagon. In truth, with years of mining ahead and the currency is still in infancy (more like teenage years), the worthiness of it is still to go up and it is a sound investment.

AUTOMATED TECHNOLOGY

Blockchain is not 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. Bitcoin and Blockchain ensures that the money stored in your digital wallet is at a security level that’s extremely safe than the virtual number depicting your cash in your local bank.

SAVING MONEY

Ever endured the bad experience where you will 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. Since there is no banking system in terms of cryptocurrencies, there is no intermediary like a bank. You can avoid each one of these excessive charges by sending money directly to the intended recipient.

TIME IS MONEY

Did we mention it is possible to send the money directly yourself? Pendle saves you the time since you don’t need to fill in forms and applications. Just require the receiver’s public address and click away the mandatory amount.

NO INFLATION

Since Bitcoins are limited in number (only 21 million will ever be produced), the worthiness of this cryptocurrency can’t be devaluated because the limited supply but an increasing demand means that it is self-floating currency. No inflation translates to an excellent investment.

YOUR OWN