Chances are you are reading this article after the latest frenzy of Bitcoin value jump that saw it just shy of the $20,000 mark. Now Stargate finance bridge are trying to find reasons to invest in this cryptocurrency and the blockchain technology. Here are a few of the reasons you need to:
MORE TO COME
The first thing lots of people think, when they hear of the existing price, is that they are too late and people that are still buying Bitcoin are simply jumping the bandwagon. In truth, with years of mining ahead and the currency is still in infancy (similar to teenage years), the value of it is still to go up and it is an audio investment.
AUTOMATED TECHNOLOGY
Blockchain is not just about cryptocurrency. It is the future of supply chain and fighting counterfeiting. Super smart protocols such a DAO (Decentralized Autonomous Organization) and Smart Contracts are a few things to stem from blockchain that automate workings of an organization and transaction of money.
SECURE
Every day folks are robbed and bank heists are done. Bitcoin and Blockchain means that the amount of money stored in your digital wallet reaches a security level that’s extremely safe compared to the virtual number depicting your money in your local bank.
SAVING MONEY
Ever had the bad experience where you will need to send some cash to the other side of the world and the amount of charges 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 absolutely no intermediary like a bank. It is possible to avoid each one of these excessive charges by sending money directly to the intended recipient.
TIME IS MONEY
Did we mention you can send the amount of money directly yourself? That saves you the time since you do not have to complete forms and applications. Just ask for the receiver’s public address and click away the mandatory amount.
NO INFLATION
Since Bitcoins are limited in number (only 21 million will ever be produced), the worthiness of this cryptocurrency cannot be devaluated as the limited supply but an ever increasing demand means that it really is self-floating currency. No inflation translates to an excellent investment.
YOUR OWN
