By Mya Finn
The last year has been a year of global pandemic, market downfall and countrywide lockdown. Yet, in this hard time we witnessed one financial asset on the rise and that asset is Bitcoin.
Bitcoin is a form of cryptocurrency. There are more than 4000 cryptocurrency available in the global market. The most famous of all the cryptocurrency is Bitcoin. Bitcoin has surely been a trendsetter. It’s become the real standard for cryptocurrencies. In terms of market, capitalisation, user base and popularity Bitcoin continues to lead the pack of cryptocurrency.
Bitcoin is nothing but a decentralized and digital form of money that can be effectively used to initiate any form of purchase in the online world or with financial institutions which include listed commercial banks. This is the foremost advantage of investing in bitcoins as it’s free from government manipulation and control. Investment in Bitcoins is also free from the fear of demonization as it is decentralized.
Bitcoins are also being accepted worldwide for the purpose of web hosting. Therefore, the overall phenomenon of bitcoin web hosting has reached the very pinnacle of the corporate world. Investment in cryptocurrencies is considered to be the next big thing in the trade and finance market.
“Bitcoin is a currency of modern age” investing in bitcoins is more favourable instead of investing in fiat currency as Bitcoin has no central authority and fiat currency is centralized. The transaction through Bitcoins needs no involvement of a middle man so; there are zero transaction fees in between.
Companies all over the globe using Bitcoins for dealing. As it made possible to send and get money anywhere at any time. In Bitcoin any kind of transaction no matter how much it is its totally safe and free. During shipping no merchant can charge extra fees without any information. During transaction there is no need to give full and personal information own identity is hidden. It keeps us safe from illegal corruption and theft. In comparison to banking, cancelling Bitcoin transactions is quite fast. People are investing in Bitcoins all over the globe.
