Bitcoin is reaching an all-time high when it comes to its value. As of March 2021, it is valued at over $50,000 and from what the indicators tell us, the cryptocurrency does not plan on stopping. On the contrary, Bitcoin is likely to keep rising in value because the interest in the cryptocurrency rises with each passing day.
Still, many people oppose it because they think that the whole Bitcoin network is just a scam designed to rob millions of people. Not only that, but they also claim that Bitcoin cannot be used as a payment method anywhere and that there is no chance of making a profit with it. We decided to go against these claims by naming a few reasons why is it smart to invest in it. But first, let’s where do people sell it to make a profit
Where Do You Sell It?
Before you can sell your Bitcoins, you must first earn them. The best way to earn them is via mining, as this process is free and, thus it can provide you with a massive profit. Through mining, people record Bitcoin transactions by solving complex puzzles. Each puzzle that they solve means that they have successfully recorded a transaction. It’s worth mentioning that these transactions are called blocks and are part of the blockchain – the main technology that powers Bitcoin. After the transactions are recorded, miners receive Bitcoins as rewards.
Then, they turn to trading sites, which are marketplaces. Some reputable trading platforms will even provide you with an additional service that can help you sell your Bitcoins at a higher price. https://bitcoinprime.io/ is one of those sites. This platform uses an advanced AI system that collects all the data about Bitcoin. The data is then analyzed and used to predict what the future price of Bitcoin will be. The predictions are handed to traders which are then able to maximize their profits.
Bitcoin is as Valuable as Gold
The first reason why you should invest in Bitcoin is that Bitcoin has become as valuable as gold. None other product in the history of humanity has managed to reach this achievement. Although the price of Bitcoin may vary, history has shown us that Bitcoin will always be valuable. Not only that, but it will keep rising and maybe even take the number 1 spot as the most valuable product on the planet.
You Can Use it As A Payment Method as Well
Apart from making a profit with Bitcoin, you can also use it as a payment method. Numerous online businesses such as online casinos, as well as reputable brands, accept Bitcoin. Some of the names that ring a bell are Microsoft, Starbucks, Expedia, Whole Foods, and Home Depot.
All of these companies have stated that they are happy to integrate this cryptocurrency. Expedia is one of the earliest supporters of Bitcoin and this online travel agency allows you to arrange vacations at over 700,000 hotels around the planet. They have even stated that they are working on enabling people to pay for plane tickets with Bitcoin.
Huge Future Potential
Bitcoin’s network keeps rising with each passing day. There are over 5 million users today and its infrastructure tells us that the number will likely double in the next few years. Due to its popularity and the fact that it is user-orientated and holds tons of advantages over the regular payment methods, experts believe that Bitcoin has the potential to become a globally accepted payment method in the distant future. The future potential is one of the things that makes it so valuable.