Is It Feasible To Invest In Bitcoin?

Chances are you are 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 purchase this cryptocurrency and the blockchain technology. Here are some of the reasons you need to:


The first thing lots of people think, if they hear of the existing price, is that they are too late and people that are still buying Bitcoin are simply jumping the bandwagon. In reality, with years of mining ahead and the currency is still in infancy (more like teenage years), the worthiness of it is still to rise and it is a sound investment.


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 what to stem from blockchain that automate workings of a business and transaction of money.


Every day folks are robbed and bank heists are done. Bitcoin and Blockchain ensures that the money stored in your digital wallet reaches a security level that is extremely safe compared to the virtual number depicting your money in your local bank.


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


Did we mention it is possible to send the amount of money directly yourself? That saves you enough 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.


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 means an excellent investment.


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