Yours truly has been investing in a new kind of way recently. 11 weeks ago, i bought my first Bitcoin. I was excited and after studying and listening to great advice, i bought even more. The return on my investment so far has been incredible. Let me explain why i decided to jump on the Bitcoin train.
First of all, i have lost trust in the present banking system. They don’t have our best interest at heart. They run the fiat monetary system in a centralized manner, which keeps them in power over the rest of us. Bitcoin, on the other hand, is decentralized. Anyone buying/trading crypto currencies becomes their own central bank so to speak.
Sending money anywhere in the world takes only a few minutes and the fees are much lower than in any banking institution. You can even get a hardware wallet like Ledger or Trezor to keep your assets well protected.
Countries like Japan and Australia now recognize Bitcoin as currency and user adoption has been on the rise exponentially in the past few months. We can even buy goods online with Bitcoin. Many online business have adopted the Bitcoin payment gateway and their sales have increased significantly. Goldman Sachs even told investors not to ignore Bitcoin anymore.
Countries like Venezuela are experiencing skyrocketing inflation and crypto currency is really helping a lot of their citizens at the moment. They can exchange goods and services without any problems. With rumors of an impending crash of the economy, Bitcoin will surely be a safe way to survive the crisis.
There will only ever be 21 million Bitcoins in circulation, which is is the reason why it will be very valuable in the next couple of years. If we can capture 5% of the non traditional investments, Bitcoin could very well be priced between $25K and $50K each. Some even speculate that we might see the price at $100K in a few years.
Other crypto currencies are also available on the crypto markets, like Litecoin, Dash, XMR to name only a few. They can all be traded on the different exchanges around the world.
To conclude, i’m in this for my financial freedom and of course, for profit as well. At the time of writing this article, my return on investment is well over 60% so far.