7 Reasons to Buy Bitcoin

There’s no denying of the fact that bitcoin is rapidly changing the world. There are several reasons why a bitcoin investor will never divert their attention from cryptocurrency. With much evolution of technology, people are struggling with problems such as online thefts, ransomware and phishing attacks. This is the main reason why bitcoin is a safe option for businesses to transfer money and store it on the web.

Today, several governments across the globe and big banks rely on bitcoin. Secondly, there are a few strong reasons to invest in it. Continue reading until the end:

1.      It is the Modern Asset Class

Traditionally, areas of investment were always inclusive of stocks, real estate, gold and bonds. Now, cryptocurrency has registered itself as the most powerful form of the asset class. Today, bitcoin has gained much attention as the new asset class, and millions of people have already invested in it. Intriguingly, many companies are using bitcoin as the only option of payment. If you sift through the internet and look for a product, you will eventually come across a seller who uses cryptocurrency as the only mode of payment.

2.      It Doesn’t Get Affected by Inflation

Inflation is a rampantly thriving problem across the globe that affects millions of people every year. The problem with inflation is, it can easily affect someone’s lifestyle to a great extent. For example, if your salary is a certain amount this month, with 10% inflation, you won’t be able to enjoy the same benefits in the next month. However, because bitcoin is available on the web, it is not subjected to inflation or even the devaluation of money at all.

3.      It Cannot Be Taken Away

If you invest in conventional asset options, there will always be a risk of your investment being confiscated. For example, if you store money in a bank and it shut down the other day, you will not be able to register a complaint all of a sudden. However, cryptocurrency is different. Because I am not controlled by any central authority, nobody stands a chance to confiscate it. This means, if you have access to your bitcoin wallet, you will have full control over your savings.

4.      It is the Perfect Store of Value

Experts believe bitcoin is better than gold and the best store of value. As discussed, this digital currency is not controlled by any authority, which is why it is often compared to gold. However, gold can be limited, but bitcoin is unlimited. Bitcoin is not affected by inflation, so it is the perfect store of value for anyone who intends to invest a lot of money. Bitcoin can easily be transferred on the web without any kind of distortion.

5.      It Keeps on Appreciating in Value

The price fluctuations undergone by bitcoin in the last few years has left everyone startled. Many people say bitcoin is highly volatile, which is why it is best to buy it right now. Especially in the years 2017-2018, bitcoin has changed drastically in terms of everything. If you have plans to invest in bitcoin right now, there is a high chance that the price will be much higher in the coming years. This is why even young people who are underage use fake id to create their accounts on the web to invest in it.

6.      You, Will, Want to Know More About Cryptocurrency

Once you invest in bitcoin and begin reaping its benefits, you will eventually crave to know more about the other digital currencies. Investing in bitcoin is a strong reason why many people are compelled to rethink investing in fiat currency. Because the future of the digital world lies in cryptocurrencies, it is imperative for you to know everything about them. This means bitcoin is a bright future of currency. Make sure to know everything about bitcoin before you invest in it.

7.      Investing in Bitcoin is the Need of the Hour The essential reason to invest in bitcoin is that it is the need of the hour. If you don’t invest in bitcoin, you will be left behind in the future. Keep in mind, investing in cryptocurrencies is a business in itself, so you need to make your decision right now. As bitcoin’s popularity continues to rise, more top-notch businesses are settling for bitcoin as the most coherent way to exchange their products to the customers.

Anurag Choudhari is the co-founder of Geekenized Technologies LLP, a web development & digital marketing agency that helps various SMBs & SMEs in developing & maintaining their online presence.