Did you know that about 22% of American adults own at least a small amount of Bitcoin?
If you’re looking to join their ranks, you’re making an awesome choice. Not only is Bitcoin an investment that converts, but it also is easy to access and spend. Read on to learn some of the primary reasons that you need to invest in Bitcoin ASAP.
It’s easy to access Bitcoin via anonymous and automatic online exchanges. However, this can take up to a week and is a generally stressful process that involves a lot of waiting.
With Bitcoin ATMs- kiosks that allow you to buy and sell Bitcoin- it’s easier and quicker to access than ever before. These machines are in banks, gas stations, and convenience stores across the US. Check it out!
One of the biggest draws of crypto is that it’s completely untraceable. Sites and stores where you spend Bitcoin can’t get access to any of your personal or financial information. This reduces the risk of malware getting hold of your information and stealing your identity and bank account information.
3. Simple Spending
Spending Bitcoin is simpler than ever before as we go into 2022. You can spend it in most retail stores as well as online because major credit card companies are coming up with ways for you to do so. Visa and Mastercard have created special debit cards that hold crypto and allow you to spend it in stores.
You can swipe these cards anywhere that accepts the carrier and have Bitcoin removed from your account. The vendor will receive the appropriate amount of fiat currency.
4. Increasing Value
Cryptocurrency is expected to rise in value at a rate of 7.1% annually. Because of this, the price of your investment is going to increase as you hold it in your eWallet over time.
If you invest $100 today, you’ll have made $7.10 in a year’s time. In 10 years, this will be $71 more than you previously had! Investing more money means a higher conversion rate, so put $1000 in if you can for $71 per year ($710 after 10 years).
5. Adapting With a Changing Society
Cryptocurrency is more popular than ever before, especially among millennials. In fact, some experts predict that it may replace fiat currency entirely by 2050. Buying your Bitcoin now gives you a head start on these changes so that you have more time to adjust (all while the value of your crypto rises)!
6. Portfolio Diversification
If you’re looking into Bitcoin as a long-term investment, it’s pretty low-risk and high-reward. Because of this, it’s an awesome way to diversify your portfolio and give yourself a cushion to fall back on. If another investment were to fall through, the increase in your crypto’s value would stop detrimental consequences.
Invest in Bitcoin Today
While there are many awesome things about cryptocurrency, these are some of the best reasons that you should take the leap today.
Now that you know some of the reasons you should invest in Bitcoin, it’s time to learn more about how you can prosper. Check out the ‘business’ tab on our home page to learn how you can make more cash at work in your chosen profession.