Money Finance 101: 5 Smart Things To Do With Your Extra Money

Published on October 23rd, 2018 | by Anica O

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Future Finances – Why Bitcoin Can be a Good Investment?

When you are looking to invest your money, there are many different ways that you can invest in the markets and other types of securities. One type of investment that you should consider is investing in Bitcoin. There are several key reasons why investing in Bitcoin could be a great option for you.

Digital Currency is Growing in Prevalence

One of the main reasons why Bitcoin it considered a good investment is that digital currency is becoming a far more prevalent way to make purchases. While it used to be considered more of a fringe form of currency, digital coins are continuing to increase in popularity and usage. This trend is bound to continue in the future as more companies are accepting it as a form of payment. Further, many investment funds are also intrigued by it as well.

Bitcoin is the Leader

While digital currency as a whole has a lot of potential, some people are not sure why they should invest in Bitcoin as opposed to other types of investments. One of the main advantages of investing in Bitcoin is that it is the leader of all digital coins. Overall, there are many different options to choose from. However, Bitcoin continues to have the largest market cap and is the most accepted coin. This trend is widely expected to continue in the future as well.

Reduces Identity Theft Risk

One of the main benefits of Bitcoin is that it provides people with an anonymous way to pay for goods and services. While some are skeptical about this part of Bitcoin, it also is intriguing as it means it is a more secure form of payment when it comes to identity theft. With Bitcoin, you are far less likely to have your identity stolen when making a payment online.

Provides Great Speculative Option

While there are plenty of people that believe in the long-term growth of the coin, I can also be a great investment for someone that is looking for a more speculative way to place their money. When you are looking to speculate into a new investment, Bitcoin could be a great option. When you invest in Bitcoin you will undoubtedly ride a lot of ups and downs. While this can be scary at times, it also provides a lot of potential.

When you are looking for an investment option, Bitcoin provides a lot of value. Because of this, putting a portion of your portfolio into the coin could be a great option.

 

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About the Author

A recent college graduate from University of San Francisco, Anica loves dogs, the ocean, and anything outdoor-related. She was raised in a big family, so she's used to putting things to a vote. Also, cartwheels are her specialty. You can connect with Anica here.


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