5 Reasons Bitcoin Can Be Your Top 2018 Investment

by Andrew McGuinness  //  jan. 23, 2018

2017 was simply an amazing year for Bitcoin and other cryptocurrencies, rising over a thousand percent in value in a single year. While many news sites and financial experts claim that Bitcoin is just a bubble that is waiting to pop, there are many others who remain confident that Bitcoin is the furthest thing from a bubble. And if we look at the trends that are currently happening around Bitcoin, it is obvious that there is much more room for growth over the next year. If the stars align (and it’s looking more and more likely that they will), it’s very possible that Bitcoin can be your top 2018 investment. Here’s why:

1) Adoption is Only at the Beginning

For Bitcoin to continue to grow as a currency, it must be accepted by merchants and retailers worldwide. And for Bitcoin, this is a positive trend. In just April of 2017, Bitcoin was announced as an official currency and legal tender in Japan. Over 260,000 restaurants and stores around the world now accept Bitcoin, with thousands more accepting it online. Bitcoin debit cards are also increasingly growing in popularity, giving people the easy option to spend Bitcoin at establishments that don’t accept it. As more countries see the demand for Bitcoin, more will continue to accept it.

2) Wall Street is No Longer the Top Player in Investments

In the recent past, people who were looking to invest their savings and begin trading would turn to Wall Street and learn about the stock market. But times have changed, and the rise of cryptocurrencies in 2017 has taught the mainstream public that there is a much quicker, easier, and smoother alternative to the confusing intricacies of Wall Street and the stock market: cryptocurrencies and blockchain technology.

It was only a matter of time that people would turn away from Wall Street, ever since the 2008 financial crisis that destroyed public trust in traditional financial institutions. Companies and individuals looking to invest are now likelier to turn to blockchain rather than Wall Street.

3) Cryptocurrencies Are the Next Cultural Power Shift

When smartphones and apps reached mass adoption, we saw an immediate power shift in the type of companies that ruled certain industries. The most profitable taxi service no longer owns a single cab (Uber), the most profitable booking service no longer owns a single room (Airbnb), and the most profitable retail stores no longer owns a single store (Amazon). We have seen a massive disruption in the way business is conducted around the world, and cryptocurrencies are the next step to this.

As more people understand the potentials of blockchain, more people will convert their funds into cryptocurrencies. Bitcoin, Ripple, Litecoin, and Ether are just a few of the cryptocurrencies that each offer their own unique take on payments and currency.

4) Bitcoin Is Easier Than Ever Before to Buy and Sell

The biggest hurdle stopping most people from investing in Bitcoin is simply technological literacy. Until very recently, Bitcoin has been quite difficult to buy or even understand for those who are not so well-versed in technology and computers. However, this changed in 2017 and will continue to change in 2018: major platforms like Coinbase have made the process incredibly streamlined and simple, allowing more and more people to jump on board.

5) More Financial Institutions Will Pump Money into Bitcoin

While traditional financial institutions are exactly what cryptocurrencies like Bitcoin are trying to get away from, the increasing popularity of Bitcoin will make it difficult for these organizations to continue to ignore it. In 2018, it is expected that the US will approve of ETFs, allowing financial institutions to invest and help their clients begin to invest. Due to this, Bitcoin would be accessible to a much larger market of investors.





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