Cryptocurrencies are increasingly popular and bitcoin is still at the top. Why to get it? We have summarized 8 reasons for you:

1. Simple and straightforward type of investment

Investing into bitcoin is simple and straightforward. Bitcoin is a virtual currency that can be exchanged for other currencies (for example, for euros and vice versa). The value of bitcoin keeps changing but it has a growing trend. Bitcoin reached the highest value in its history in 2017 when its price was almost USD 20,000.

2. You can pay with bitcoin anywhere

You can use bitcoin for payments from any part of the world. Bitcoin is simpler and safer to use than credit cards because you don’t have to provide any personal data. It enables you to make anonymous payments. You can also save money on fees for online payments since the fees for paying with bitcoin are considerably lower than fees for transferring money via the bank or via online payment processors.

3. Improved regulations for cryptocurrencies

Cryptocurrencies are not regulated. That means there is no single organization monitoring or governing them. However, regulations are now finally being drawn up because of the unexpected popularity of cryptocurrencies. The laws aim to protect bitcoin users from scams and unauthorized exchanges.

4. Mass adoption of bitcoin

Although there are more than 2,000 cryptocurrencies in the market, the most important one is still bitcoin, the pioneer digital currency and the most recognized cryptocurrency in the market today. It is becoming noticed by more and more organizations and companies, which are beginning to accept payments with bitcoin in their businesses.

5. Celebrities are also joining

Why should you invest into bitcoin just because celebs and rich people, who have enough money to invest into anything, do it? These people did not get rich just by letting their money sleep. Most of them are also talented entrepreneurs. The most prominent personalities who have invested into bitcoin include Bill Gates, Gwyneth Paltrow, Ashton Kutcher and Mike Tyson.

6. A lucrative alternative to stocks and foreign currencies

What makes bitcoin a lucrative investment is the fact that the crypto market is still young and has a high potential for price growth. Investors looking for alternative forms of investment are using bitcoin to diversity their investment portfolio. In the coming years, the price of bitcoin is expected to rise steeply, so it is suitable for those willing to invest in high-risk but high-return assets.

7. Hedge against inflation

The value of bitcoin cannot be negatively affected by inflation. Consequently, it preserves its capital just like precious metals do. Compared to them, however, you can pay with bitcoin online any time you like.

8. Limited supply increases the price of bitcoin

Only a limited amount of 21 million BTC in total is available and, given that the demand for bitcoin keeps growing, its value is also increasing. Just to compare, the price of bitcoin in 2010 was USD 0.0015. Today, its value is at five digits.