Is it feasible to invest in Bitcoin?

You are most likely reading this article after the latest Bitcoin value jump frenzy that saw it just shy of the $20,000 mark. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some of the reasons why you should:

MORE TO COME

The first thing many people think, when they hear about the current price, is that it is too late and that the people who are still buying Bitcoin are simply jumping on the bandwagon. In truth, with years of mining to come and the coin still in its infancy (more like adolescence), the value of it has yet to rise and is a good investment.

AUTOMATED TECHNOLOGY

Blockchain is not just about cryptocurrencies. It is the future of the supply chain and the fight against counterfeiting. Super smart protocols like DAO (Decentralized Autonomous Organization) and Smart Contracts are some of the things that stem from blockchain that automate the running of an organization and the transaction of money.

SURE

Every day people are robbed and banks are robbed. Bitcoin and Blockchain ensure that the money stored in your digital wallet has a level of security that is extremely secure than the virtual number that represents your cash at your local bank.

SAVING MONEY

Have you ever had the bad experience of sending some money to the other side of the world and the number of charges for currency conversion, opening letters of credit, bank charges, etc.? did it make you tremble? Bitcoin eliminates all of that. Since there is no banking system when it comes to cryptocurrencies, there is no middleman like a bank. You can avoid all of these overcharges by sending money directly to the intended recipient.

TIME IS MONEY

Did we mention that you can send the money directly to yourself? That saves you time since you don’t have to fill out forms and applications. Simply ask for the recipient’s public address and click on the required amount.

NO INFLATION

Since the number of Bitcoins is limited (only 21 million will be produced), the value of this cryptocurrency cannot be devalued due to limited supply, but an ever-increasing demand means that it is a floating currency. No inflation translates into an excellent investment.

YOUR OWN

Remember the Greek financial crisis where local councils were asked to hand over extra money to the central bank? With normal currency, the central bank owns it, not you, and can force you to return it to them. Bitcoin is not owned by anyone but yourself for the amount available. No one can force it away from you.

It is not too late to invest in Bitcoin and Blockchain, but like any other currency, the future cannot be predicted. Study the charts of your preferred bitcoin exchange well before committing to an investment.