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 searching for reasons to purchase this cryptocurrency and the blockchain technology. Here are several of the reasons you should:


The first thing many people think, when 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 reality, with years of mining to come 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.


Blockchain is not only 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 an organization and transaction of money.


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


Ever had the bad experience where you will need to send some cash to another side of the planet and the amount of costs 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 with regards to cryptocurrencies, there is absolutely no intermediary like a bank. Crypto Scam Recovery 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 the time since you don’t need to fill in forms and applications. Just ask for the receiver’s public address and click away the mandatory amount.


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 increasing demand means that it really is self-floating currency. No inflation translates to an excellent investment.


Leave a Reply

Your email address will not be published. Required fields are marked *