Due to the traditional investor’s interest in Bitcoins, which is growing day by day, Bitcoin is considered to be the best investment opportunity. Bitcoin is attracting investors, due to its highly volatile market value. Bitcoin is an investor to investor network, a cryptocurrency introduced 2009. It is free from state bindings, as it is not issued by any state or bank or any other financial agency. Among all the salient features, the most attractive one for the businessmen that it facilitates them to make transactions at a lower fee as compared to traditional payment mechanisms. The following are some advantages for investors of Bitcoins. The transaction fee is very nominal as compare to traditional modes of payment.
At present it has decreased with time, the median transaction is lower than $0.02. As bitcoin is the currency, not issued by a country, so it has no state bindings. If one has to invest in local market, he has to go through a process, as set by the government agencies, but in the case of bitcoin, there is no binding imposed by the government. It is the distinctive feature, that makes bitcoin a different on from others. In this fast age, the investor wants the result in a short span of time, Bitcoin is the currency fulfills their desire. As Bitcoins are not issued by any government, so it has no pressure of inflation.
If we compare the annual returns of the stock market and commodities with Bitcoins. Bitcoin has the best return in the past. Bitcoin declared the biggest return 1n 2019 out of the whole of the investment opportunities in the world. The number of investors is increasing day by day. Due to Bitcoin technology (Blockchain) buying and selling are becoming easier. As compared to the past, bitcoins are accepting every ware in the world. CME group that is the Chicago Mercantile Exchange Group, the world’s largest exchange group has launched futures of Bitcoins, exactly as stock markets and commodities have futures. es.
Blockchain technology is the main feature, keeps the bitcoin at a distinctive position. The blockchain is a ledger where all the transactions are recorded. There is no involvement of any agency during this process, this keeps the transaction secure. The blockchain technology is getting popularity more with time. It is speculated that it would be used in the banking sector and other financial institutions in the future. Among all the advantages of Bitcoins, it is the most important advantage that there is no third party involved while making a transaction. It keeps the secrecy of business. Bitcoin is not controlled by a central authority; there is no involvement of banks, a government, or any other financial agency. This is the most salient feature of Bitcoin.
The advantages of Bitcoins are not limited to the extent of transactions and its usability, the method of storage is also included in the advantages of bitcoins. Bitcoin wallets are unbreachable. Once the transaction materialized, there is no chance to breach it. Different technologies applied in Bitcoin are a plus point of Bitcoin, which is helpful to keep the transactions secret. Transactions through a mobile phone are also a plus point of Bitcoins. The user has to install Wallet application on his phone. By using his mobile user can make transactions any time and every ware.