Tag: bitcoin transactions

With all manner of speculations and news on bitcoins, most investors are often left wondering whether to invest in cryptocurrency or not. Should you invest in bitcoins in 2018? Today, a bitcoin retails at three times the price of an ounce of Gold. Also, the bitcoin price is quite volatile and has suffered multiple crashes in recent years. The good thing about bitcoins is that they always bounce back. That said, here are some reasons bitcoins makes a decent investment choice.

The Cashless Trend

From the look of things, cashless transactions are increasingly becoming more appealing than paper transactions. This is evidenced by the rise of mobile payments and a host of other digital payment solutions like PayPal. With this in mind, cryptocurrencies like bitcoin have caught the attention of investors across the world, thus increasing its demand. The good thing about bitcoins is that they double up as a currency and an investment.

Growing Demand

One of the significant reason Bitcoins are a force to reckon with is that their demand is ever high with major economies like China, Japan, and the US experiencing the highest demand. The weakening of local currencies or instability is also believed to be a key driver behind the increased demands from some middle-income countries. The more the demand continues to increase, the more its value will increase.

Increased Acceptance

When it was first launched, economists and governments were very skeptical about its value and acceptance due to its decentralized nature. Things have …