Bitcoin is the most popular cryptocurrency, dominating the crypto space with its blockchain technology and its scarcity. Bitcoin was created in 2009 by the pseudonym Satoshi Nakamoto, who might be an individual or a group of people. It works on a peer to peer network, where no intermediaries are involved. It is the digital currency, which aims to exclude intervention of any third parties, while you are transacting.
It is gaining adoption and some people have started using BTCs in real time, like buying a Lamborghini or buying a mansion. It's easy as well as advanced. Once you understand the technology behind it, you will definitely embrace the beauty of this digital currency.
Bitcoin prices are fluctuating. It is trading at $3909.89 from its all-time of $20000. The ever-fluctuating Bitcoin made many involved in the price forecast of Bitcoin.
2018 was a bad year for the cryptocurrency market but investing in crypto remains a solid idea. While the Bitcoin bubble popped the cryptocurrency has remained reliable, and we believe that it should be your first pick when it comes to investment. Below you can find a selection of reasons that make Bitcoin a prime choice for many owners.
Institutions are cleaning crypto’s reputation :
Millions of people have used Bitcoin, but many continue to believe that the currency is tied to drugs and criminal empires since it appeared in large cases like Silk Road. The good news is that many banks are starting to accept and embrace crypto. Major banks should roll out the possibility to conduct crypto transactions in the following months.
Cash is becoming redundant :
As online shopping and other payment solutions continue to become popular classic currencies are starting to become obsolete. Digital means won’t make banknotes and coins just yet, but the future of physical money is quite limited. Many people are already using their NFC-capable smartphone to pay for a variety of services, and the trend will continue to grow in the future.
Bitcoin remains the favorite crypto :
Bitcoin has received its fair share of criticism, but new technology isn’t attractive for everyone. When the first phones were released almost 150 years ago, many believed that the technology wasn’t that good for communication. The potential is still there, and the currency could climb up to achieve new landmarks in the future.
It’s rare :
Yes, Bitcoin may be iconic, but it comes in limited quantity, and the mining process is quite expensive. Investing in the coin when the prices are low will net a huge profit when they increase again. The scarcity of the coin will make it even more valuable as more and more people are interested in crypto.
It is a reliable store of value :
Bitcoin is volatile but the currency is recognized all over the world, and its value will remain high in the long run. Its electronic format minimizes risks since it is very hard to hack an electronic wallet.
