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.
I don't think people who recently invested in Bitcoin are late investors. Bitcoin is still in its infant stage and has the potential to keep growing. Therefore we should be pleased that we are aware of this cryptocurrency because many people will join later. Online banking exists, so it is not only Bitcoin that gives the privilege of using smartphones for financial transactions.
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.
An investor will have full control over his financial assets if he decides to keep it in a non-custodial wallet which gives the individual full control of the private keys. If one keeps his funds in centralised exchanges or custodian services, such person has lost full control of the fund.
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.
Bitcoin is not only effective in online business transactions many offline businesses use it to pay for both national and international trade. This is because there are minimum amounts you can deposit or withdraw from your wallet. Most banks have the minimum amount customers can deal with over some time and this could impede business transactions.
5: When there is currency devaluation, one can use Bitcoin to protect their wealth even though there is risk of price volatility.
My country's currency lost 50% of its value just this year. This is why Bitcoin could be used as a potent hedge against inflation. Most Bitcoiners in developing nations use bit Bitcoin as an Investment and to protect themselves from the loss of value of the local currency.