In 2009, Bitcoin was anonymously released in the wake of one of the largest financial shocks in history. It is a digital cryptocurrency that is not regulated or issued by any government or private entity.
Although it has very little intrinsic value and was originally worth pennies on the dollar, there is major interest in its underlying blockchain technology due to its decentralized and pseudonymous nature.
Bitcoin can be purchased through an online exchange using traditional currency, either whole or in fractions.
Also Read: Bitcoin Terms and Denominations
“The price of Bitcoin benefits from two main sources of demand: its value as a ‘digital gold’ and its utility as a payments channel.”
The investment report also shows that Bitcoin liquidity has steadily grown as its volatility has declined. Its daily price volatility is now comparable to oil and it has even fallen below that of popular Internet IPOs.
Emerging markets from developing countries have been particularly fond of Bitcoin due to a combination of unstable currencies and more financial crises.
Capital controls and excessive costs for cross-border transactions also make Bitcoin more appealing as a fast and low-cost alternative.
5 Reason you Must own Bitcoin (BTC)
1. IT IS THE MOST POWERFUL CURRENCY IN THE WORLD AS WE SPEAKThe Dollar is seriously chasing against Bitcoin. Everyday, Bitcoin rises over the dollar and the dollar falls against it.
2. THERE IS JUST 21 MILLION OF IT AND 15.5 MILLION HAS BEEN MINED
This makes the price to always keep going higher. From around $2,000 Per BTC, the price is expected to get to $10,000 per BTC from now till the next 3 years.
3. IT IS NOW ACCEPTED TO CARRY MAJOR TRANSACTIONS
Major supermarkets like Shoprite, Galleria, Flight agencies, Telecommunication companies, Insurance companies, Universities, even hospitals will start accepting it soon in order to stockpile it and wait for the price to rise massively in the nearest future
4. THE FEDERAL GOVERNMENT OF MOST COUNTRIES ARE SERIOUSLY INTERESTED IN BTC.
Most Financial Institutions are losing a lot of banking transactions because people now do peer to peer BTC transfer. This has made the government to now think of doing businesses even by using BTC. The Federal Government Of Nigeria is an example
5. MANY PEOPLE ARE YET TO GET INVOLVED USING BTC.
Out of about 7 Billion people worldwide, BTC users are about 10Million globally. This means this is best time to get involved and start owning BTC.
Future Million saying: Bitcoin - Coin for the Rich,
2010 bitcoin price was $0.05 (the price when it started TRADING)
2016 bitcoin price was $$754
2017 bitcoin price is $2,000
and Cryptocurency guru conclude on the following price predictions of Bitcoin
March 1st 2018 - $5,403 per 1 BTC
March 1st 2019 - $24,699 per 1 BTC
March 1st 2020 - $112,699 per 1 BTC
March 1st 2021 - $516,115 Per 1 BTC
Invest in Bitcoin NOW, Its Never too Late.
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