The world is changing and in this time any bitcoin believer can present before you a long list of reasons for the emergence of bitcoin and cryptocurrency as the future. Bitcoin helps to transfer economic power from the government and big banks to people. What determines the value of bitcoin is not government or big banks but the people themselves.
It can be widely seen that bitcoin is the money of the future and the future of money. As we all have heard that the best time to plant trees is ten years ago and the second-best time is today. The same is in the case of bitcoin and here are few concrete reasons stating why it is the best time to buy it-
1. A New Domain in The Assets Class
Traditionally, there were several areas of investment such as bonds, or entities like real estate, which is now longed by the addition of one more source known as cryptocurrency. Bitcoin is emerging and getting recognition as a new asset class. It is becoming a center of attraction to the corporations as well as a way to safeguard their treasures.
It is not dependent on another market- bitcoin remains unscathed even if the stock market drops. This could occur as a blanket statement but it’s not an inaccurate one. It enables better risk management against the double standards of traditional markets.
2. Showing Up As A Great Store Of Value
It is a currency that is not controlled by the government and exists in a limited supply which increases its value.
Confiscation not possible- at many places, fiat currency or the assets can be seized or frozen by the bank or government with little or no warning. However, the case is not the same in cryptocurrency because nobody has control over them. It means that if you hold money in bitcoin with wallet keys then the intervention of the government is not possible.
3. It Is Called The Honey Badger Of Money For A Reason
Since bitcoin is independent therefore banning it makes an exhausting and unwinnable game.
4. Develops Within You A Zeal To Explore And Learn
Once our assumptions are turned over about how money works, we are not driven by the hunger for questioning and knowledge. Bitcoin is emerging up against the old currencies and is yet to settle down so it develops within the investors a hunger to explore.
5. The Value May Increase In The Future
Fluctuation in the price of bitcoin in the past few years has made people apprehensive of incurring a loss by investing in the bitcoin. However, the overall trend shows an upward surge in the bitcoin value. Thus, we can conclude that holding the currency for long enough, chances of appreciation of value is higher.
Although bitcoin is gaining popularity and recognition it is still a relatively small market as compared to gold. What determine the value of bitcoin are the users of bitcoin itself. With the flux of time, the bitcoin market will expand along with the trust and adoption by the people. Furthermore, the value of bitcoin will also increase and more people will believe and start to invest in the long-term benefits of bitcoin.