It’s probable that you are reading this article after the newest frenzy of Bitcoin worth jump that saw it just shy of the $20,000 mark. Today you’re seeking reasons to spend in this cryptocurrency as well as the blockchain technology. Here are some of the reasons why you need to:
MORE TO COME
The first thing many people think, when they hear about the current price, is that they are too late and people who are still purchasing Bitcoin are just jumping the bandwagon. In fact, with years of mining to emerge and the money remains in infancy (more like teenage years), the worth of it is still to grow and it’s a solid investment.
Blockchain isn’t just about cryptocurrency. It is the future of supply chain and fighting counterfeiting. Super smart protocols such a DAO (Decentralized Autonomous Organization) and Smart Assets are a couple things to stem from blockchain that automate workings of a company and transaction of cash.
Each day people are robbed and bank heists are finished. Bitcoin and Blockchain ensures that the money stored in your digital wallet is at a security level that is extremely secure compared to virtual number depicting your cash on your neighborhood bank.
Ever had the awful experience in which you need to send some money to another side of the world and the amount of fees for currency conversion, starting Letter of Credits, banking charges etc. made you cringe? Bitcoin does away with all that. Since there is no banking system in regards to cryptocurrencies, there is absolutely no intermediary like a lender. You can avoid these excess charges by sending money directly to the intended receiver.
TIME IS MONEY
Can we say you can send the money directly yourself? That saves you time as you don’t have to fill in applications and forms. Just ask for the receiver’s public address and click away the necessary amount.
Since Bitcoins are restricted in number (only 21 million will ever be produced), the worth of this cryptocurrency can’t be devaluated as the limited supply but an ever growing demand means that it is self-floating currency. No inflation translates into an excellent investment.
Recall that the Greek financial crisis where the town councils were requested to hand over additional money to the central bank? With normal money, the central bank is the owner, not youpersonally, and can make you give it back to them. Bitcoin is possessed by no one but yourself for the sum in hand. No one can force it away from you.