Buying and owning Bitcoin has its perks. There are certainly more than 4 great reasons why you should invest in Bitcoin but here we will stick to the most important ones.
Unstable Global Economy
The value of bitcoin is not really connected to the stock market or any national currency. The current global economic situation is not on an exactly enviable level.
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Since bitcoin stands alone without any regulation and control, it may even benefit from a total collapse of the global economy. This is why it’s a smart idea to diversify some of your funds into bitcoin. If you remember well, in 2008 the economy collapsed due to a huge debt. The main problem is that the debt hasn’t really decreased since 2008. Since bitcoin is compared to gold and gold will always rise in value if the economy collapse, owning bitcoin is a really good idea. Even governments such as China, South Africa, and India are starting to adopt bitcoin as a legal.
Forget The Paperwork
Going to a bank to open a simple bank account is a hassle because you must go through tons of paperwork. Unlike traditional methods, Bitcoin transactions don’t involve a bit of paperwork. You can easily send and receive funds without having to sign or read a ton of unnecessary clauses. Also, you don’t need to provide an ID or other means of identification. You just need a wallet and a wallet address.
Unless you as a bitcoin owner and user, don’t give out your wallet address, transactions cannot be traced back to anyone. No one will know how many bitcoins you have on your wallet. This is the best privacy feature that Bitcoin has and it’s why many are interested in investing.
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