For over the last decade, the craze that involves dealing and investing in cryptocurrencies, Bitcoin especially, has been the constant talk of the town, first in the world of business and now in everyday matters. Bitcoin has gone from being a topic only handled and dealt with by few to one of the most exciting investment opportunities for the general public.
From industries and businesses dealing with Bitcoin as one of their main monetary options, to online platforms offering the option of bitcoin sports betting for sports fanatics who are both fans of wagering and technology, bitcoin has become a staple of day to day living.
The hype is real with Bitcoin. It gains more and more fans as time goes by and even with more cryptocurrency options hitting the market almost on a daily basis, BTC still manages to stand it’s ground as the top option for digital currency in the market. Here are our top reasons why investing in Bitcoin is a sound idea!
Liquidity and Speed
Thanks to Bitcoin the days of having to go through banking institutions and above all waiting sometimes extended periods of time to be able to transfer money from one place to the other are long gone. By using BTC, users of this crypto have found that with it only a few minutes separate them from being able to transfer any amount of money from point A to point B without regards to the amount of money being transferred or the final destination. While making a wire transfer or deposit from bank to bank has its varying fees which can sometimes even sky rocket when dealing with international transfers, when using BTC, the cost of said transactions are either insignificant or non-existent at all. Since BTC are a digital currency, they have no real geographical limitations or statutes to follow, so they can truly be considered the first global currency.
The low fees that are managed when dealing with Bitcoin investment and trading, make it one of the most liquid investment assets in the world. Investors can easily trade Bitcoin for cash or assets like gold in a matter of moments withholding very low market and taxing fees. Bitcoin has become one of the top line investment vessels for investors looking for both short-term high volatility profits and long-term investment value due to the high market demand that said cryptos possess.
Top Line Security and Privacy Measures
Thanks to the high levels of privacy and safety protocols that are offered by different BTC trading companies as well as blockchain technology providers, dealing with Bitcoin has become one of the easiest and safest ways to invest for crypto fanatics. Given the low fraud risks and the levels of transparency that are used when dealing with BTC, this digital currency allows investors to do and manage their transactions without having to disclose any confidential financial and personal information that can become non-relevant for the parties involved in the dealings.
Unlike the risks that credit card users can suffer when their accounts and cards are hacked, with Bitcoin, hackers can’t ever get their hands on the money. Also, at the same time, the true identity of the owner and investor of said currencies is always kept hidden, giving the users complete freedom to do their dealings in their own times and under their own specific terms. The levels of security offered by blockchain technology providers continues to improve day in and day out, benefitting BTC users constantly and making them feel safer to continue with their investments and dealings.
Its Potential Is Unmatched
The Central American country of El Salvador made headlines earlier in the year for officially making Bitcoin a legal currency option for its people and businesses. While El Salvador might not stand out as a main character in the global economic panorama, the fact still remains that this move has allowed Bitcoin to truly start cementing its status as the future of currency, even with the volatility that the markets might offer.
Given that BTC is not controlled by any central entity, being it a government or bank, its monetary policy is much safer than any government. With the pandemic taking huge hits in the global economy, many investors of all walks of life have turned to crypto currencies, especially Bitcoin to find new, alternative investment solutions to battle inflation. All these moves have helped Bitcoin gain a place of trust and popularity in the scheme of global economics, a very promising outlook towards the future.