Financial transaction is conducted in a massive scale in numerous ways. But the conventional currency which is issued and maintainedby central bank of a specific country has no relevance in most of the financial transactions. Today it is hard to handle in cash due to various external issues. Also the bitcoin price stays stable all these years excluding a few peaks. But it is a fact that bitcoin value has increased considerable after its introduction thus making it as an asset.
Buying a house is not the modern way of investment because real estate is facing many problems all over the world.It is wise to invest in crypto currency like bitcoin because it has created a name for itself in the market. Unlike other crypto currency, bitcoin has no short life span. It has been in the market for more than ten years.
Benefits of usingbit coins
Bitcoin has no centralised control unlike other currencies available in world. But the bitcoin price will not be affected by this decentralised control because a ledger will be maintaining the common control on the bitcoin transactions. So it is a safe technology and at the same time providers privacy to the users.
Usually all currencies of different nations are controlled by a central bank which will be backed by the government of that specific country. So this is a great geographical limitation for the users who like to transact currency all over world. The user needs help of exchange and this cause an intermediate charge during the transaction.