Bitcoin is slowly shifting the whole world towards digital money. You can pick any Bitcoin believer, and they won’t hesitate in giving you a long list of reasons why cryptocurrency is the future of money. Well, they won’t be wrong. Bitcoin is a global currency that addresses modern-day concerns about privacy, eliminates banking, and gives people economic power.
Other than that, here are a few reasons why Bitcoin is taking the world by storm.
It Is A New Asset Class
The asset class has traditionally included bonds, stocks, and, most recently, entities like real estate. Now, with Bitcoin gaining momentum and recognition, it has been classified as a completely new asset class along with other cryptocurrencies. Many companies have also been investing in Bitcoins, making it mainstream. It is likely that, in the near future, Bitcoin will show up in pension funds and on investment advisors’ recommendations.
Bitcoins are also gaining immense attraction, as they allow corporations to preserve their treasuries against market inflation. This was led by example when the CEO of a business intelligence firm converted $1billion of the company’s cash into Bitcoins.
It Performs Independently Of Other Markets
Any Bitcoin enthusiast knows when the stock market drops, Bitcoin remains unscathed. This may seem like a blanket statement, but it is actually not an inaccurate one. It doesn’t come as a huge surprise, as the creation of Bitcoin came from the crash of stock market. When the stock market crashed, the real estate bubble burst, and people had little trust in the traditional money system. This caused an immense increase in the popularity of Bitcoin, and all of a sudden, everyone was interested in how this investment holds up. To say the least, people are genuinely surprised that their tiny investment is now worth thousands of dollars in today’s market.
It’s A Great Store Of Value
Is Bitcoin digital gold? Well, we say it is better. For many years now, cryptocurrency has been compared with gold, as it is a universal currency. It is not controlled by any one entity or government, it is difficult to mine, and it exists in a limited quantity, which only increases its value over time. What makes Bitcoin even more valuable is that they are not subject to depreciation, making it an excellent store of value. These advantages can make anybody want these precious Bitcoins.
Plus, unlike gold, Bitcoin is a digital currency. They are easy to both keep and trade in small and large amounts. Your cryptocurrency wallet can store 0.25 BTC along with 25 BTC. So, as you can see, quantity plays a little part in contrast to gold.
It Can’t Be Confiscated
In many countries, money can be frozen in the bank, or the governing body can seize your assets in the country with little to no warning. In these cases, your cryptocurrency doesn’t suffer. Bitcoins are not controlled by the state bank or government, which means you are the only one who can control your Bitcoin wallet. You will have access to and control over your cryptocurrency without any intervention from the government. So even if your assets are being seized, for whatever reason, your Bitcoins will remain safe.
The Infrastructure Around Bitcoin Is In Hyper-Growth
Bitcoin is no longer the dream of a bunch of economic anarchists. With the continuously improving benefits of this blockchain technology, many companies, such as Visa, Square, and Fidelity, are discovering ways to incorporate Bitcoin solutions into their products. Banks on global and regional levels are also experimenting with blockchain technology, driving its infrastructure into hyper-growth.
You Can Exchange It Via C4Changer
Developing countries like Pakistan have yet to get access to Bitcoin. Although with the rise in popularity, people have developed solutions to benefit from this cryptocurrency even if it is not locally available. C4Changer is a digital currency exchanger where you can easily buy Bitcoin in Pakistan. The complete process is completed online, and by the end of it, you will have the exact amount of Bitcoins you bought in your cryptocurrency wallet.
Now imagine Bitcoin’s worth if the popularity of this cryptocurrency is so widely spread.
It’s Called Honey Badger For A Reason
Bitcoin is not controlled by anyone entity, which makes it impossible to control. In actuality, Bitcoin is maintained and issued by an open network of peers, with no one entity at power. And because of this decentralized nature of Bitcoin, government restrictions, regulations, and bans can’t be targeted on Bitcoin itself. This goes to ensure that this currency is here to stay.
Now you can buy and sell cryptocurrency in Pakistan via C4Changer. We are a digital currency exchanger who deals in e-money over various platforms. So you can convert your PKR into different international electronic currencies, including PayPal, Payoneer, Bitcoin, etc.