There are many reason to buy bitcoin. Bitcoins have changed the current monetary scenario. Its demand is increasing among the people. Following are the main reason for it.
- All major investors and the financial industry is taking bitcoin seriously
Bitcoin was invented in 2008, since then it has been growing up and gaining popularity among various type of audience. Earlier, its biggest fan were computer geeks and libertarians but now we see all big investors have joined the bitcoin league. Investors have started seeing bitcoin as assets similar to stocks, bond or commodities.
- Limited amount of bitcoin- grab before it gets over
These valuable assets will be limited in numbers. Only 21 million of them will be come in the world, most of them have already gone. Bitcoins drop by half every year and no new are being mined which will cause scarcity and this can increase will rise in demand. So grab one before it gets over.
- Bitcoins are considered as gold
Gold is one such assets whose value cannot be controlled by government or any worse situation. The value of gold generally increases with time. Gold can help in the time of crises. Similarly, bitcoin also has the various same qualities as of gold. It exists on a decentralized computer network and no transcends national border or Federal Reserve like authority can devalue it. Check into the site to know more about the information of gold.
- Bitcoin prices have been stable since a long time
Studies have shown that since last 1.5 years bitcoin has shown a stability as a financial instrument. Its consistent stability has increased the trust in the currency. There has been time when bitcoins have been more stable than US stock index and gold, which has totally impressed the audience and stock brokers. The stability and consistency shows that bitcoin is ready for next stage of growth.
- Helps in getting rid of cash
Bitcoins have helped many countries in getting rid of cash. The trend is increasing in other developed countries with digital payment methods. Bitcoin is a digital cash and any attempt to remove the actual cash will increase its demand. This digital revolution has brought many major changes in the economy. It is easy to use, though hinder the privacy. Digital era has made bitcoin as an alternative of cash. Removal of hard cash has increases the demand of cryptocurrencies and bitcoin is the king of cryptocurrencies in present scenario.