This article will bring you to the list of reasons why Bitcoin is the future. Insider Monkey has recently published an interesting article about it giving you some useful information. Personally I was extremely happy with this great compilation as it was some kind of supplying a deficiency. as for me, I’m absolutely not a professional in this field, and I have wondered many times why cryptocurrencies are so popular or what their advantages are at all. Now, I have got the answers – so I studied a lot again! The rise in Bitcoin’s value is truly staggering. In just eight years, a $27 investment in the cryptocurrency was worth $886,000, as a Norwegian man recently discovered after buying 5,000 Bitcoins in 2009 and promptly forgetting about them for several years. From being worth mere pennies in 2009, one Bitcoin is now worth over $1,500, with the price having skyrocketed by over 50% in 2017 alone.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three reasons why Bitcoin is the future from their list.
The first reason is there are no bankers. The fact that Bitcoin simply requires an e-wallet method of payment online offering peer-to-peer processing means that it cuts out the banker middle man. Do you know somebody that lost money or suffered financially after the financial crisis of 2008? If you do, then you will understand why there is a degree of scepticism surrounding physical currencies that are held by banks. Bitcoin does not rely on banks keeping your money safe. That is a very appealing approach to financial management for many people these days. The second and last reason for today should be that Confidence in Bitcoin is Growing. Bitcoin is now receiving more mainstream media attention than ever before. It is turning the unknown into the normal. One of the biggest criticisms that Bitcoin suffered during its fledgling years was a lack of confidence in its market. That has completely changed now. Bitcoin is being used more frequently than ever before. Financial professionals are showing more support for digital currencies. There is a new faith in Bitcoin and other digital currencies that did not exist even just one year ago. Confidence is contagious.
For any further useful information, read Insider Monkey’s article about 8 reasons why Bitcoin is the future.