Crypto currencies are finding their place in almost all business sectors because of their versatile advantages. It is hard to stop their prominence because the conventional type of currencies which is controlled by a central bank is losing their lustre. As a crypto currency bit coin has completed ten years since its introduction into the market. All these years, bit coin has seen some peaks and slowdowns. But to be frank, bit coin has generated a decent amount of rate of return in these ten years. The bitcoin price prevalent now is healthy and there is nothing to worry about its future too.
But still people have some fear about the crypto currency because they do not have properexplanations for the problems faced by the crypto currencies now. Bit coin can be the right answer all their doubts because it has been providing decent return when compared to other crypto currencies.
Why it has a bright future?
- Just like gold, bit coin is not only a mere medium of transactions but it is also an asset. During the introduction of bit coin, it has less value. But the inflation has no negative effect on the bitcoin price and hence it can serve as a good store house for your extra money.
- Privacy is the important reason why bit coin is consideredas a safe medium to conduct the financial transactions. There is no need to worry about the government agencies during mass transactions.
- The charges involved in bit cointransactions is less when compared to the conventional currenecy.so it is helpful in transactionsinvolving high amount of money.