Bitcoin was just a buzzword a few years ago. But, now everyone is looking to get in on this treasure of the modern day. In fact, some cryptocurrency gurus say that “the best time to invest in bitcoin was a few years ago, but the next but time is now.” And they are dead right on point; bitcoin offers one of the best returns on investments.
But that isn’t all. Here are top reasons why currency experts think bitcoin is a worthwhile investment in the digital era.
But first: what actually is bitcoin?
If you’ve not been living under a rock in the past five years or so, you must have heard about bitcoin. In principle, bitcoin is one of the most popular (and the first) cryptocurrencies in the world. What is cryptocurrency?
A cryptocurrency is a form of digital currency that is often used in peer to peer transactions on the web. Bitcoin was created back in ‘09 by a techie going by the alias Satoshi Nakamoto.
#1. Bitcoins are Rare
Bitcoins (or cryptocurrencies, for that matter) are scarce. There’s something of beauty about something rare. Take gold, for example, its limited nature has made it the standard currency since time immemorial. The same goes for bitcoins. Did you know there are only 21 million bitcoins?
That said, as the time passes by, it will become harder to mine bitcoin, making its value go through the roof. That is why it pays to either mine or invest in bitcoin today. That’s right; you need to buy bitcoin mining hardware so you can get a slice of this lucrative investment.
#2. It is easy to mine bitcoin
Many cryptocurrency fans have managed to mine bitcoin. It’s not easy per se. But with the right bitcoin mining hardware and training, you can be on your way to making oodles of money.
#3. Bitcoins are Useful
Bitcoins were designed to be incredibly useful. They offer a predictable and sound monetary policy that can be verified anywhere and by everyone. It’s easy to know the total and new number of bitcoins in circulation. No agency, government, bank or anyone can block or reverse a bitcoin transaction. Amazing, right?
#4. You can Trade Bitcoins for Other Currencies
Whether you need Euros, Dollars, Yen, Pounds, Rand and so forth, you can exchange your bitcoin for about any currency.
With all these fabulous benefits, it’s hard to resist the allure of bitcoin. Get nifty bitcoin mining hardware and training to get started today.