Bitcoin remains the top trending topic in the financial industry. If you thought that the 2017 record in value was mesmerizing and what unheard of, 2020 and 2021 managed to make it look like that was just the beginning. These days, thousands of new people register to Bitcoin’s network and are very open to investing in it.
That is exactly the topic that we wanted to discuss in this article. We’ll be taking a look at the top 3 reasons why people are keen on investing in Bitcoin. Let’s dive into the details and see what this cryptocurrency has to offer.
They Can Use it As A Payment Method
The fact that many companies and global brands accept Bitcoin as a payment method is of massive advantage and one of the features that make Bitcoin superior to other cryptocurrencies. Not only that, but Bitcoin is a digital currency, meaning that every online transaction with it is instant. That is not the case with regular payment methods as they have a processing time that can last up to 7 business days.
Additionally, due to the fact that banks are excluded from every payment and Bitcoin has a peer-to-peer focus, users do not have to pay extra or unnecessary fees. We all know that one of the main ways through which banks profit is fees. The fact that they cannot impose these fees indicates that users actually save money with each transaction.
As for the companies that accept Bitcoin as a payment method, we wanted to mention a few global brands. The list includes companies such as Expedia, Microsoft, Starbucks, Tesla, Shopify, Overstock, Whole Foods, and AT&T.
It’s Extremely Valuable
Bitcoin’s value is second to none. At the moment, its price tag is the same as gold, which is an accomplishment that has never been achieved by any other product or service. These days, Bitcoin’s value changes daily and it is between $50,000 and $60,000.
Traders register at reputable trading sites and use their services to maximize their profits. One of the trading sites that have the most superior services is British Bitcoin Profit trading review. This platform utilizes the latest AI systems that are able to track and collect all the latest details on Bitcoin. In doing so, they supply traders with accurate predictions on Bitcoin’s future fluctuations and enable them to maximize their profits.
And if that is not enough, experts believe that Bitcoin will continue to rise this year. They have stated that the recent peak is just the beginning. Many of them think that it will rise as high as $100,000 by the time 2021 ends. That would be a historical milestone as Bitcoin will record a six-figure number in value for the first time in its history.
It Will Continue to Dominate
Finally, the last reason why they want to invest in Bitcoin is that research states that it will continue to dominate the financial industry. According to these pieces of research, it will take until 2140 for all Bitcoins to be mined.
Just a reminder, Bitcoin mining is a process in which miners record and verify Bitcoin transactions and thus, update the blockchain of this cryptocurrency. During halving events, mining becomes extremely difficult, hence Bitcoin’s value rises.
So far, we’ve witnessed a total of 3 halving events with the most recent one being in 2020. The next 3 halving events are scheduled to take place in 2024, 2028, and 2032. By 2032, 99% of the Bitcoins will supposedly be mined, but it will take another 100 years for the network to come to 100%.
As you can see, there are several reasons why people want to invest in Bitcoin. Not only that, but Bitcoin proved that it can change the lives of ordinary people in a very short period. There are many stories of how average people became overnight millionaires thanks to this cryptocurrency. Speaking on the millionaires, it is reported that there are around 100,000 of them in the world. All of them have made their fortune by trading with Bitcoin.