As a late investor in Bitcoin, I have come to realize some benefits from investing in this cryptocurrency which includes:
1: With just your smartphone you can carry out financial services.
2: In bitcoin, you have full control of your financial assets. You have ownership to your private keys which is not always available in our normal banking.
3: As freelancer who works online, you can use bitcoin to facilitate some of your transactions.
4: As a business owner or an entrepreneur one can accept payment in Bitcoin.
5: When there is currency devaluation, one can use Bitcoin to protect their wealth even though there is risk of price volatility.
For any individual who has not invested in Bitcoin, I would advise you to give it a try. Ignorance shouldn't prevent you from investing in Bitcoin. Read, research, and gather all the knowledge you need to know about it here.
Well said. Bitcoin has come to revolutionize the finance industry, empowering everyone to assume full control of their assets and become their own bank.
2: In bitcoin, you have full control of your financial assets. You have ownership to your private keys which is not always available in our normal banking.
I think bank users also have private keys in the form of a short pin. In normal banking, we also have private pins used to access funds in our accounts, but we often entrust them to a third party during transactions. Examples include payment networks like PayPal and Visa, which act as third parties receiving the input of our private pin during transactions.
5: When there is currency devaluation, one can use Bitcoin to protect their wealth even though there is risk of price volatility.
Well, I don't think everyone would want to try this, knowing how volatile Bitcoin is. Certainly, we often experience currency devaluation in many countries, but that doesn't mean we should convert all our wealth to Bitcoin, which can be very risky.