Irrespective of recent price volatility and global macroeconomic probabilities, 2020 has no doubts been the perfect year for Bitcoin. However, a huge number of companies and personnel are still unsure about obtaining cryptocoins, the percentage of blockchain-dependent companies and Bitcoin users keep skyrocketing. There are many great reasons why it’s safe to say that Bitcoin is not only here to stay but about to thrive. We bring you 5 reasons why this is the perfect time to invest in bitcoin.
5 Reasons Why This Is The Perfect Time To Invest In Bitcoin
The only requirements to make transactions with Bitcoin is a device with internet access. As there are no physical banking institutions involved, cryptocoins just like Bitcoin do have an upper hand, especially in countries that are developing where traditional banking is absent e.g Nigeria. Since it’s easier to set up an internet connection than it is to create a physical banking network, Bitcoin is believably the currency of the future for many areas of the world.
Bitcoin, owing to the technology of blockchain, is decentralized. What this means is there is no central authority, no bank regulating bitcoin. This decentralization allows a top tier level of security for the currency. Bitcoin not being centralized makes it less prone to security attacks. If there’s anything, it makes it much resilient. Also, while Bitcoin is more fictitious than unknown, transactions are done under a fictional name but can always be linked to a real user. Not everyone is comfortable with sharing their banking and private information online, thus bitcoin provides a better choice that is indeed safe.
Cardtonic now offers bitcoin wallet address for all users. If you are in Nigeria and have been searching for how to get a free Bitcoin Wallet Address in Nigeria, it is now at your finger tip.
Cardtonic has gone a step ahead in ensuring the convenience of bitcoin trading. This is coming shortly after the launch of its bitcoin and gift card trading mobile app.
3. Bitcoin Allows Borderless Transfers
Everyone who has ever done an international bank transfer through regular means can attest to the fact that is is a herculean task, and of course expensive. Online platforms have made it both quick and less expensive than standard bank operations.
4. Quite Resistant To Inflation
The anti-inflationary measures mean that Bitcoin will always hold in its value, and also make it a viable alternative to traditional currencies in countries where hyperinflation is constant. Cryptocurrencies like Bitcoin are volatile, but crucially they are decentralized digital assets immune to the government or central bank manipulation. When the founder of Bitcoin created the cryptocurrency in 2008, he fixed the supply at 21 million. This means that Bitcoin can never be devalued by money printing and inflation in the way that the U.S. dollar or any other currency can.
5. No Strong Competition Yet
Bitcoin is the one of the best cryptocurrencies to invest in today because of how it can provide a hedge against inflation at a time when investors really need it. Superior is the keyword here because Bitcoin is no longer the only cryptocurrency around. Ethereum, for instance, was one of the first competitors to emerge, imitating the technology behind Bitcoin. However, for the competition to be a threat to Bitcoin, it would need to have some specific and tangible advantages. Bitcoin’s surge year to date is all the more impressive given how the cryptocurrency, and hundreds of others, tanked in the middle of the year.
Disclaimer: This article is not a financial advice and it doesn’t seek to suggest investing in bitcoin. Bitcoin, like every other cryptocurrency has its risks. It is also a volatile currency and as such, cannot be entirely predicted.
Cardtonic operates as a trading platform with direct gift card brokers. Cardtonic also provides flexible trading options to allow the ease of trading. This platform allows the option of trading via Instant messenger, website, and a mobile app for convenience.
Trading is done easily through the mobile app, website, and instant messengers. Moreover, this platform processes over 10,000 transactions each month. Given so much volume, the company possesses a brilliant reputation for being secure and reliable.