The exciting phenomenon of Bitcoin is gaining traction all over the world. There are numerous reasons why somebody would want to dive into this fascinating digital currency universe.
Here are my top 3 reasons why Bitcoin rocks:
1. Bitcoin challenges the traditional system of commerce
Bitcoin challenges the traditional system of commerce, controlled by governments, the banking industry, and big corporations.
It invites us to imagine a new and better way to conduct business. A community system of exchange where all people are treated as equals. Anybody can participate, no matter how little wealth, power, or influence one possesses.
Bitcoin is a kind of underdog rebel. It levels the playing field. Bad credit or no credit? Who cares! With Bitcoin banks have no authority to tell you what you can and can’t do with your money.
2. Bitcoin is brilliantly designed
It is such a highly complicated, yet efficient means of trade that many financial pundits predict Bitcoin will last a very long time. Indeed, as far as digital currencies go, there have been others that have either failed or seriously stalled.
Bitcoin will likely not be the final digital currency, but for now it’s the reigning heavyweight champ. It was engineered with a finite supply in mind, which means its value will likely stabilize and begin a steady climb.
3. Bitcoin possibilities are endless
First of all, the trading value of Bitcoin (BTC) with CAD or USD is astonishing. Even though in the past its value has been volatile (1 Bitcoin has ranged in price from about $7500 to $7800 USD), it currently trades for about $7800 CAD and has shown recent signs of greater stability.
All of us get some adrenaline rush from risk and uncertainty, and who knows what the price of a Bitcoin will be in a year or two.
Secondly, most shopping with Bitcoins in done online, with mainstream brick and mortar stores lacking the knowledge and infrastructure to accept Bitcoin as payment.
Imagine having a Bitcoin debit card, or tap capabilities with your smartphone to make your daily cryptocurrency purchases.
And consider the idea that credit cards may one day be forced to lower or eliminate interest rates to compete with Bitcoin.
Those are the main reasons Bitcoin gets my blood pumping. The Bitcoin universe is truly exciting. Buckle up and enjoy the ride!