Following its fame and continuous success, Bitcoin has been a center of topics around the world. This is because of its huge contribution and effectiveness in allowing investors, brokers, and clients to do investing, trading, buy and sell, and so many more. It became a platform used by lots of individuals for them to reach success. Good thing, Bitcoin hasn’t failed anyone yet due to its high-quality and truly engaging services. So, below are the reasons why you need to have a Bitcoin. Considering these reasons below will help you then appreciate and apply Bitcoin to improve your living if necessary.
It is independent of any central authority.
The first reason you got is that Bitcoins are independent of any central authority. Since Bitcoin is identified as a digital currency developed by a software developer named Satoshi Nakamoto in 2009, it became independent of any central authority. This means that no central bank nor government is allowed to rule over it. Bitcoin was independently developed for and by itself only. For more information you can visit here australiantimes.co.uk
Cheaper fees than traditional online payments
Next, bitcoin has cheaper fees compared to traditional online payments. It even comes with a total fee-free service to its clients. In addition to that, the services and apps used and built around its ecosystem, as well as became a vast majority of users carrying lesser fees than the original.
Europe successfully regulated Bitcoin as a commodity exempt from VAT.
After a while, Europe was able to accept and regulate Bitcoin as a commodity. That means then that it is exempted from any VAT. The bitcoin prices are defined then by the demand and supply. Also, there are new regulations made to increase the Bitcoin’s demand produce as there are regularization and exemption being applied within the monetary union of Europe.
It is the largest cryptocurrency.
The next thing we have is that bitcoin is the largest cryptocurrency as of now despite having multiple competitors. Bitcoin was able to reach the market cup.
High volatility affecting the price of bitcoin in the equities market
2015 is called the highly-volatile year for equities as the stocks market across the world were doing rallies up and down. Well, this isn’t surprising at all since Bitcoin is seen by others as a gold substitute and represents store value. Thus, having high volatility in the markets can help create a money inflow into Bitcoins. For the remaining months, it is expected that the markets are going to be volatile.
Companies are now creating tools for the Bitcoin ecosystem
A lot of venture capitalists were seen active in the Bitcoin ecosystem, pouring tons of it. There are different apps and services that enabled end-users to work harder than non-technical consumers. As the products being built and used in the bitcoin ecosystem are pouring and continuously blessing us, there are higher chances that it will increase and demand. This means now that you can turn your hundred dollars into a thousand one despite having enough demand increase.
Paying online is secured.
Next on the line, we have payments online that are way more secure. That is because of the protocol provided by the company to ensure that online payments and other else will all be processed properly. So, if you are looking for an effective and safe platform to send money, Bitcoin is your only chance.
Adapts the powerful blockchain technology
In bitcoins, the most powerful is not the bitcoin or cryptocurrency itself, but the blockchain is left behind. We all know that a blockchain refers to a confusing name of sharing a database and having lots of applications. Here, anyone is allowed to be an early user of the technology and further revolutionize the world.