Is It Feasible To Invest In Bitcoin? June 1, 2024 June 1, 2024 AudieBartron

Chances are that 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 invest in this cryptocurrency and the blockchain technology. Below are a few of the reasons you need to:


The first thing lots of people think, if they hear of the existing price, is they are too late and people who are still buying Bitcoin are simply jumping the bandwagon. In reality, with years of mining to come and the currency continues to be in infancy (similar to teenage years), the worthiness of it is still to go up and it is a sound investment.


Blockchain is not only about cryptocurrency. It is the future of supply chain and fighting counterfeiting. Super smart protocols this type of DAO (Decentralized Autonomous Organization) and Smart Contracts are a few what to stem from blockchain that automate workings of a business 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 is extremely safe than the virtual number depicting your cash in your local bank.


Ever endured the bad experience where you need to send some cash to another side of the planet and the amount of charges for currency conversion, opening Letter of Credits, banking charges etc. made you cringe? Bitcoin eliminates all that. Since there is no banking system in terms of cryptocurrencies, there is absolutely no intermediary like a bank. Hop protocol can avoid each one of these excessive charges by sending money right to the intended recipient.


Did we mention you can send the money directly yourself? That saves you the time since you don’t need to fill in forms and applications. Just require 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 value of this cryptocurrency can’t be devaluated because the limited supply but an ever increasing demand means that it really is self-floating currency. No inflation means an excellent investment.