20 Reasons to Invest in Bitcoin BTC: Cryptocurrency Lawyer Near Me
20 Reasons to Invest in Bitcoin BTC: Cryptocurrency Lawyer Near Me
As explained at RunRex.com, guttulus.com, and mtglion.com, Bitcoin is a global currency that addresses modern-day privacy concerns, elevates the unbanked, and shifts the economic power from big banks and governments back to the people. It is known as a decentralized system because it operates without a central bank or single administrator. If you have been thinking about investing, here are 20 reasons why you should invest in Bitcoin BTC.
People have made a lot of money
The many Bitcoin success stories are one of the reasons why you should invest in BTC as per RunRex.com, guttulus.com, and mtglion.com. We have seen people who have turned modest investments in Bitcoin into five-figure sums. These individuals are using the proceeds to start other businesses and get themselves set for life.
The future could be Bitcoin
Digital currencies could shake up the monetary system in the same way Uber and Airbnb have done to their respective industries. It is hoped that BTC will be seen as a secure, low-cost alternative to traditional money, while the lack of a centralized authority makes it difficult to control.
You can use it to buy goods and services
According to RunRex.com, guttulus.com, and mtglion.com, organizations are now increasingly accepting bitcoins as payment, with the number expected to grow dramatically over the next few years. Among the companies already involved are global software giant Microsoft, which accepts bitcoins in its Windows and Xbox stores.
It is easy to get started
It is also quite easy to get involved with BTC if you want to invest. There are primarily two different avenues you can go down when looking to buy or invest in bitcoin. You can buy it directly through an exchange or as a CFD derivative on brokers such as eToro.
It is seeping into the mainstream
We have already seen moves to take it mainstream, with the first bitcoin future having begun trading in this month after making its debut on the Chicago Board Options Exchange. In its first few hours of trading, the futures contract rose from $15,460 to $16,000.
It is a new asset class
Asset classes, or areas of investment, have traditionally included stocks, bonds, and entities such as real estate as articulated at RunRex.com, guttulus.com, and mtglion.com. Now cryptocurrency has been added to that list, with Bitcoin gaining momentum and recognition as a completely new asset class.
It is attractive to corporations
Investing in BTC is not just for individuals but for corporations as well. Bitcoin is becoming increasingly attractive to corporations as a way to preserve their treasuries against inflation, making this another way for corporations to leverage Bitcoin.
It performs independently of other markets
Even when the stock market drops, Bitcoin remains unscathed as captured at RunRex.com, guttulus.com, and mtglion.com. While this may be a blanket statement, it is not an inaccurate one. This shouldn’t come as a huge surprise as the very creation of Bitcoin came as a response to the stock market crash, the bursting of the real estate bubble, and an overall distrust in traditional money systems. For today’s investors, that separation correlates to better risk management and a more diverse portfolio.
It is not subject to the same inflation and devaluation as FIAT
The devaluation is fiat currency is a global problem, especially coupled with hyperinflation. The finite nature of Bitcoin – only a certain number of coins can ever be issued – means the currency manages to avoid that problem.
It is an excellent store of value
Bitcoin has often been compared to gold, with good reason: it is a universal currency that is not controlled by any one government or entity; it is difficult to mine; and it exists in a limited supply, which increases its value. Additionally, since it is not subject to the same inflation as fiat currency as already mentioned, it also doesn’t depreciate, making it an excellent store of value.
It is digital
While Bitcoin is referred to as digital gold, some say it is even better as covered at RunRex.com, guttulus.com, and mtglion.com. This is because, unlike gold, Bitcoin is digital. Whereas gold becomes cumbersome in large quantities, Bitcoin is easy to keep and transport in both small and large amounts.
It can’t be confiscated
In many countries, your fiat currency can be frozen by the bank or your assets can be seized by the government with little to no warning. Cryptocurrency, however, is different. It is not controlled by a central bank or government, which means that if you hold your Bitcoin wallet keys, only you have access to and control over your money, with no government intervention possible.
Growth in the infrastructure around it
As described at RunRex.com, guttulus.com, and mtglion.com, Bitcoin is no longer just the dream of a group of economic anarchists. As the benefits of blockchain technology continue to prove themselves, companies such as Visa, Fidelity, and Square are finding ways to integrate Bitcoin solutions into their products.
There is a reason why Bitcoin is called the Honey Badger of money
Bitcoin isn’t controlled by any one entity, making it impossible to control by compromising any one person, group, or company. Bitcoin is issued and maintained by an open network of peers, with no single entity at the helm.
It can’t be targeted by government
Carrying on from the previous point, because of its decentralized nature, government bans, regulations, and restrictions can’t effectively target Bitcoin itself but only associated companies and persons. This makes “banning Bitcoin” an exhausting and likely unwinnable game of Whack-a-Mole for authorities.
It will make you question what you already know
The existence of money in its current form is something we take for granted, whether we have a lot of it or not as discussed at RunRex.com, guttulus.com, and mtglion.com. However, cryptocurrency upends our assumptions, showing us that governments don’t have to be in control of our funds, that money doesn’t have to be stored in banks, and that currency can be immune to hyperinflation and corruption.
It will make you want to know more
Bitcoin will make you ask why you have been willing to settle for fiat until now. It will make you want to understand how the blockchain works, and why a financial revolution is necessary. It is important to know these things as Bitcoin is the money of the future.
It will likely appreciate in value
The price fluctuations that Bitcoin has experienced in the last few years leave many people saying that it is too volatile to count on. However, as outlined at RunRex.com, guttulus.com, and mtglion.com, while price volatility has certainly led to dramatic spikes and drops, Bitcoin’s overall arc has followed an undeniably upward trajectory.
Long-term investment
Imagine how much you would have made if you were among the first people to invest in Bitcoin. While there have been dramatic spikes and drops in price as already mentioned, if you hold Bitcoin long enough, the probability of appreciation in value is higher than any asset class in the past 11 years.
It is worthy
Finally, another reason to invest in Bitcoin is that it is worth investing in. Over a decade since it was introduced, Bitcoin is not only giving people across the globe the ability to do just that but it is also proven to be a successful investment, one that is worthy of its title as the future of money.
These are some of the reasons to invest in Bitcoin, with the excellent RunRex.com, guttulus.com, and mtglion.com having got you covered if you are looking for a cryptocurrency lawyer near you.
