Taking a Look At Bitcoin’s Greatest Features
Bitcoin is without a doubt the greatest cryptocurrency on the market. Not only did it manage to open the door to other cryptocurrencies, but it also managed to withstand the test of time and remain at the top. It is estimated that from the 7 million crypto users globally, around 5-6 use Bitcoin, which is quite a mesmerizing number.
And if that is not enough, Bitcoin’s popularity rises with each passing day as thousands of new traders register to its network. Hence, we wanted to see what makes Bitcoin so popular and well accepted by the public. We are going to take a look at some of its greatest features. Let’s start.
Liquidity is the measurement of how fast a product or service can be converted into cash. Bitcoin outranks every other cryptocurrency on the market. This is a massive feature as it allows you to earn a profit pretty fast.
The reason why Bitcoin has fantastic liquidity is the fact that a majority of crypto users trade with it. But, the institutional interest in it is also massive. Thousands of companies accept it as a payment method. There are many global brands among these companies and some of those that deserve a mention are Expedia, Microsoft, Starbucks, Whole Foods, and Overstock.
The high interest increases its infrastructure and brings stability to the network, which means that you can connect with other traders easily and find some use of this cryptocurrency.
2021 has been nothing short of amazing for Bitcoin. It managed to break the 2017 record in value and peak at $63,000. Even though its value has dropped since and as of July, Bitcoin’s value is around $35,000, there’s no denying the fact that it is extremely profitable.
That is why many traders register at reputable trading sites such as Bitcoin Profit and start their Bitcoin trading journey. Some research has even stated that Bitcoin managed to turn around 100,000 ordinary people into millionaires, which is extraordinary. You can read this Bitcoin Profit review to get more familiar with this platform and what it has to offer.
The aforementioned trading site even uses AI systems that are able to predict Bitcoin’s future price. Here’s how. The systems collect all relevant data on Bitcoin and use it to see how this cryptocurrency will fluctuate in the near future. Now, it is vital to mention that you will not be guaranteed a profit, but the chances of making one are increased.
The security that Bitcoin offers to its users is an advantage that it holds over regular payment methods and other cryptocurrencies. Yes, every cryptocurrency provides users with a certain level of online anonymity, but Bitcoin’s system cannot be compared. The chances of being scammed in the Bitcoin network are almost impossible.
Massive Future Potential
Finally, Bitcoin has massive future potential. Countries are already becoming more lenient towards it and El Salvador recently became the first to recognize it as a legal tender. Not only that, but the future projections of it are extremely good.
Considering the fact that Bitcoin is finite and the process of Bitcoin mining will become harder in the future, its price will continue to rise. The earliest projections concern the end of 2021 and the beginning of 2022 as experts believe that Bitcoin can reach $100,000.
As for the more distant future, it is believed that Bitcoin will reach $500,000 in 2030 and after 99% of all Bitcoins are mined, which by the way, is set to happen in 2032, this cryptocurrency will start rising in value a lot and thus, reach $1 million in 2037. There are no more specific predictions about its future, but what we do know is that Bitcoin will be completely mined in 2140.