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 looking for reasons to purchase this cryptocurrency and the blockchain technology. Below are a few of the reasons you should:
MORE TO COME
The first thing many people think, when they hear of the existing price, is that they are too late and people that are still buying Bitcoin are just jumping the bandwagon. In Hop protocol , with years of mining to come and the currency is still in infancy (more like teenage years), the worthiness of it is still to go up and it is an audio investment.
AUTOMATED TECHNOLOGY
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 certainly are a few things to stem from blockchain that automate workings of an organization 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 reaches a security level that is extremely safe compared to the virtual number depicting your money in your local bank.
SAVING MONEY
Ever had the bad experience where you need to send some cash to the other side of the planet and the amount of costs for currency conversion, opening Letter of Credits, banking charges etc. made you cringe? Bitcoin eliminates all that. While there is no banking system with regards to cryptocurrencies, there is absolutely no intermediary like a bank. You can avoid all these excessive charges by sending money right to the intended recipient.
TIME IS MONEY
Did we mention you can 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 value 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
