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 trying to find reasons to purchase this cryptocurrency and the blockchain technology. Here are some of the reasons you should:
MORE TO COME
The first thing lots of people think, if they hear of the current price, is that 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 value of it is still to go up and it is an audio 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 are a few things to stem from blockchain that automate workings of a business and transaction of money.
SECURE
Every day people are robbed and bank heists are done. Bitcoin and Blockchain means that the amount of money stored in your digital wallet is at a security level that’s extremely safe compared to the virtual number depicting your cash in your local bank.
SAVING MONEY
Ever endured the bad experience where you need to send some cash 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 does away with all that. Since there is no banking system in terms of cryptocurrencies, there is absolutely no intermediary like a bank. Forex League can avoid all these excessive charges by sending money directly to the intended recipient.
TIME IS MONEY
Did we mention it is possible to send the amount of money directly yourself? That saves you the time since you do not have to complete forms and applications. Just require 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 worthiness of this cryptocurrency cannot be devaluated because the limited supply but an ever increasing demand means that it is self-floating currency. No inflation means an excellent investment.
YOUR OWN