Why it is the Best Time for an Average Person to invest in Bitcoin

Bitcoin began this year with a bang as it was able to hit over the $1000 mark, and it doesn’t show any signs of maybe slowing down any time soon. And because of this, many people are now willing to invest in Bitcoin. Bitcoin is just a currency and not company or stock as many people think. Therefore, investing in Bitcoins simply means buying the currency. Bitcoin buying is not only for the rich investors as people may think, since it can also be bought by an average person. However, we have many other forms that one can use to invest in Bitcoin. I will now take you through some of the reason as to why it is the right time for an average person to start investing in Bitcoin.

It has a fixed supply

Since 2009, the value of Bitcoin has been growing higher. And this has been attributed to the technological abilities as a way of digital cash- a way of transferring money from one person to another in any part of the world instantaneously, cheaply and securely, without the worry that maybe the sender is trying to defraud or counterfeit the recipient. This way doesn’t require any middlemen hence very convenient even to the middle class people.

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Its value is also predicated to rise significantly.

As this platform gathers momentum and becomes ingrained to the people, get used in paying for goods and services, and basically become a normal thing in the society, just the same as the internet, people and companies will use Bitcoin to transact their businesses and this will see this company grow immensely over the coming years. When I try to add up all the Bitcoins that will be needed for the online remittances, micro-transactions, the unbanked and other applications, I can project that a single Bitcoin will then be going for over $17, 473 in the year 2025.

Many businesses and people are adopting the use of Bitcoins

Generally, the use of Bitcoins has been increasing over time, and now it is time for the average people to also start investing in it. And during this year, the number of people using Bitcoins is likely to be over 1.8 millions, and from the indicators, this projected to grow higher in the coming years. The number of Bitcoin users was a bit lower in the previous three years, but one good thing today is that this number has almost doubled.

A higher price will likely increase the transaction volume

We are likely to experience a situation where people will tend to withhold on the currency instead of using it as the price of Bitcoin goes up. And when the price of Bitcoins goes up, the interest will also go up.

Bitcoin is a fast-mover when compared to other digital currencies, and this is another reason as to why a middle class person ought to also invest in Bitcoins. Though it faces stiff completion from other digital currencies, but there is no likelihood that Bitcoin will ever be dethroned soon in the coming years.

Currently, Bitcoin is doing well more than any other cryptocurrencies such as Ripple and Ethereum. And the Bitcoins are likely to go higher as time goes by.

About the author:

Elizabeth Bidinoff

Elizabeth Bidinoff

CEO at The BitCoin Club

An Entrepreneur for over 30 years in a variety of industries including IT and Finance it comes to no surprise that she has combined her strengths of being empathetic and systematic to co-author the Practical Guide series.

About the author:

Elizabeth Bidinoff

Elizabeth Bidinoff

CEO at The BitCoin Club

An Entrepreneur for over 30 years in a variety of industries including IT and Finance it comes to no surprise that she has combined her strengths of being empathetic and systematic to co-author the Practical Guide series.
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