Why Do People Value Bitcoin?

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Why Do People Value Bitcoin?

Source: https://pixabay.com/en/bitcoin-digital-money-decentralized-2007769/

The world’s first digital currency, launched in 2009, currently is more popular than you would ever think. From 2010 to 2017, Bitcoin’s value has multiplied 879,999 times, a record that is simply mind-boggling.

Did you know that 64% of Bitcoins have never been used? Don’t act surprised, better get some quickly! The insightful infographic that professionals behind Bitcoin Play have compiled can get you started with all the facts you need to know about the most popular cryptocurrency.

Let me tell you the reasons why people value Bitcoin and why you should really go after it:

– People actually use it. Let’s call it the law of peers: as long as your peers use it, then it is still in the circulation. In other words, if it is widely accepted and used. Why would you miss out?

– Bitcoin is decentralized and limited. Many Bitcoin users and traders value these factors the most. The government can’t trace back the users’ addresses and cannot tax them. What a heaven for a Bitcoin millionaire! Moreover, there is a set finite number of Bitcoins, which is 21,000,000. Can you guess why? To limit the amount of currency’s depreciation because of inflation.

– Bitcoin serves as a great equity investment, due to the high-profit margins it generates from constantly growing market value. Remember Bitcoin’s 879,999 times multiplication of value over the past seven years? Who wouldn’t want to make an investment with such promising numbers? Again, don’t miss out!

– Last but not least, people value Bitcoin for its acquired huge social network. People around the world love to connect and Bitcoin users, for sure, have much in common to help them form a community and socialize. They don’t consider each other as rivals but rather as peers, who are out there to have fun and make some profit.

Why Do People Value Bitcoin?Why Do People Value Bitcoin?

Source: https://bitcoinplay.net/58-insane-facts-about-bitcoin/


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Author: Jane Danes

Jane has a lifelong passion for writing. As a blogger, she loves writing breaking technology news and top headlines about gadgets, content marketing and online entrepreneurship and all things about social media. She also has a slight addiction to pizza and coffee.

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