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3 Reasons Why People Are Buying Bitcoin In 2018

Posted on January 18th, 2018 by EM Search Consulting

2018 is here, and people are eager to buy Bitcoin in Miami. 2017 was one of Bitcoins best years yet. Bitcoin has beaten all the other asset classes by a huge margin. Bitcoins are opening up a space that will create a revolution like computers did in the 1970’s. If you are new to Bitcoin or are planning to buy Bitcoin in Miami, check out these 3 reasons why Bitcoin is increasing in popularity in 2018.

Some See Bitcoin As New Gold

Gold enthusiasts like to own the precious metal because it is an asset whose value is not controlled by the government. The value of gold, unlike national currency, will always remain. Bitcoin has many of the same qualities as gold. Bitcoin lives on a decentralized computer network that transcends national borders, and there is no Federal Reserve authority that can devalue it. An analyst cited by Quartz predicts that “gold bugs” will become Bitcoin bugs instead, which means a lot more money flowing into the digital Currency.

Major Investors And The Financial Industry Are Taking It Seriously

Since inception in 2008, Bitcoin’s biggest enthusiasts have been tech-savvy individuals. Recently, however, they have been joined by a growing number of investors and entrepreneurs who see Bitcoin and other cryptocurrencies as a legitimate asset class such as stocks and bonds. In 2017, big names like Andreessen Horowitz and Sequoia Capital have bet on hedge funds that are investing hundreds of millions of dollars into digital currency funds. At the same time, the financial infrastructure to support Bitcoin and other digital currency is maturing rapidly.

There Is A Limited Amount Of Bitcoin Available

There is only 21 million Bitcoin that will ever come into the world – and a majority of them already are. The number of coins created by the mining process decreases by half every few years. Today, around 80% of all Bitcoins are already mined and no new ones will appear after the year 2040. The scarcity may continue to increase the demand.

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