Bitcoin has emerged as the go-to investment opportunity for the Digital Age.
In fact, the price of the currency reached $10,000 in late 2017. It shows no signs of stopping.
Are you considering purchasing a piece of the Bitcoin pie? Here are our top 5 reasons why you should invest in Bitcoin.
Top 5 Perks to Investing in Bitcoin
Before you make the decision to invest in Bitcoin, it helps to know a little bit about the cryptocurrency.
Bitcoin is a decentralized, virtual currency. It started as a way to make small transactions online, but has since gained credibility and real purchasing power.
Ready to join in on the trend? Here's why you should invest in Bitcoin.
1. The Value of Bitcoin Is Rising
A quick look at the latest Bitcoin price chart makes it clear: prices are rising.
In fact, they've risen more than 400 percent in 2017 alone. In the world of finance, that type of meteoric climb is unheard of.
As global interest in the currency grows, expect those prices to continue rising. There's no better time to invest in Bitcoin.
2. It's a Global Currency
Bitcoin has the same value around the world. Because there are no exchange rates or cross-border transaction fees, it's one of the easiest ways to conduct global trade.
That point is not lost on the global market. In fact, there are between 2.9 and 5.8 million users of cryptocurrency around the world.
3. It's Not Controlled by Governments
The decentralized nature of Bitcoin is a major selling point for many investors.
This currency is not tied to any national reserve or federal government. In the event of a financial crash or an unscrupulous government, Bitcoin investments should remain safe.
That's great news for investors looking for a way to build wealth that isn't tied to changing political climates.
4. The Bitcoin Network Is Growing
In the early days of Bitcoin, investors had few options to buy and trade their assets.
Most exchanges happened through a single company, called Mt. Gox. When Mt. Gox declared bankruptcy in 2014, it quashed Bitcoin's growth for years.
These days, you have many options to choose from when it comes to trading. That diversification has made the Bitcoin market more stable, so you take on less risk as an investor.
5. It's Anonymous
You can buy Bitcoin without providing any personal information.
Compare that to the process of opening a bank account. Most financial institutions ask for your Social Security Number, proof of address, and credit score.
As many banking customers have discovered, that personal information can fall into the wrong hands. The recent Wells Fargo fake account scandal is one example of such a privacy breach.
Bitcoin can help you diversify your portfolio without endangering your privacy.
Ready to Invest in Bitcoin? You'll Need a Wallet
Before you start investing in Bitcoin, you need a safe, secure way to store your assets. That's where we come in.
At BTCWallets, we offer a range of storage solutions to protect your investment. Find out more about Bitcoin wallets and start shopping today.