Why You Should Invest in Bitcoin?by Kate Winslet Im a blogger by passion
Bitcoin is undoubtedly
the most popular and most commonly used cryptocurrency on the market. Research
states that around 80% of the crypto users have invested in Bitcoin at some point
in their trading journey.
What makes Bitcoin so loved is the fact that it is by far the most valuable cryptocurrency on the market. At the moment, it is valued at around $45,000 and it is experiencing a good rally as it has been rising in value in the past couple of weeks. With that being said, we wanted to provide you with a few reasons as to why you should invest in it.
It Can Rise to $100,000 Soon
The number one reason is and always will be the chance to make a profit. Some statistics show that there may be as many as 100,000 Bitcoin millionaires in the world. All of them have earned money by trading with this cryptocurrency.
What’s even more impressive is the fact that the rally is likely to continue to the end of 2021 and possibly the start of 2022. Many analysts are convinced that Bitcoin has the potential to reach $100,000 in value, which would be a historical moment.
If you are wondering where can you trade it, the best option is trading sites. You should always choose them rather than Bitcoin ATMs as they are far easier to access and have much smaller fees. Not only that but since Bitcoin is the most commonly used cryptocurrency, many sites of this character tailor their services specifically to Bitcoin.
One of the most reputable trading sites is BitIQ. Not only is this platform extremely secure, but you can also trade on your mobile device as it utilizes the latest HTML5 technology. The process of registration is very simple and won’t take much of your time. After you register with BitIQ, you will trade Bitcoin easily.
Many Global Brands Accept it As A Payment Method
One of the main features that allow Bitcoin to remain stable, thus keep its high value, is the massive institutional interest. Many companies from around the world accept it as a payment method. The number has drastically increased after Tesla invested $1.5 billion in Bitcoin in February and managed to help it reach $50,000 for the first time in history.
While Tesla is still silent on whether it will accept Bitcoin as a payment method in the future, many other companies will allow you to use this cryptocurrency to purchase various services or products. The list includes the likes of Starbucks, Microsoft, Overstock, Subway, Whole Foods, Shopify, and Home Depot.
What's even more interesting is that government interest is also on the rise. More countries around the world are becoming lenient towards Bitcoin and El Salvador made the biggest step as it became the first nation to legalize it in its entirety.
Bitcoin is Extremely Secure
Bitcoin focuses on user security far more than regular payment methods or any other cryptocurrency. Thanks to the fact that it is powered by cryptology, all registered users will be provided with a certain level of online anonymity, which is a massive benefit.
Efficient Online Transactions
We are sure that you are aware of the fact that Bitcoin is not controlled by banks. This is a decentralized currency and thanks to that fact, you will void all unnecessary fees that are charged by these institutions if you decide to use it as a payment method.
What’s even better is that thanks to Bitcoin mining, your online transactions will be processed almost immediately. The average mining time is 10 minutes. Just to clarify, mining is the process in which every Bitcoin transaction is recorded and verified. Compared to banks, these institutions usually take a few business days to process online payments.
Created on Aug 16th 2021 10:59. Viewed 182 times.