Chances are that you will be reading this article following the latest frenzy of Bitcoin value jump that saw it just shy of the $20,000 mark. Now you are seeking reasons to purchase this cryptocurrency and the blockchain technology. Here are a few of the reasons you need to:

MORE TO COME

The first thing many people think, when they hear of the existing price, is they are too late and people that are still buying Bitcoin are just jumping the bandwagon. In reality, with years of mining ahead and the currency continues to be in infancy (more like teenage years), the value of it is still to go up and it is an audio investment.

AUTOMATED TECHNOLOGY

Blockchain isn’ Hop bridge 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 certainly are a few things to stem from blockchain that automate workings of a business and transaction of money.

SECURE

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

SAVING MONEY

Ever endured 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 does away with all that. Since there is no banking system in terms of cryptocurrencies, there is no intermediary like a bank. It is possible to avoid all these excessive charges by sending money right to the intended recipient.

TIME IS MONEY

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 required amount.

NO INFLATION

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

YOUR OWN

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