In this article, you'll learn about Bitcoin and how it's a good investment that will bring you more returns.

Forget fixed deposit accounts. Forget Gold. Bitcoin is the new age investment that is guaranteed to make you a millionaire in a few years.

Let me take you back to the beginning of this year when 1 Bitcoin was about 1000 USD. Fastword to today, August 2017, bitcoin is trading at about 4000USD!

That’s about 4 times your initial investment! Now tell me, where on earth can you get such return in only 8 months?

There was a time when investing in gold was considered among the best investments, but Bitcoin has now toppled that. Its already made millionaires out of the early adopters. Guys as young, who purchased bitcoins when it was virtually unknown are now multimillionaires.

Maybe you think that bitcoin is now out of your reach at its current value.

Or maybe you think that bitcoin has reached its maximum value. My friend, you are absolutely wrong. Bitcoin hasn’t even scratched the surface in terms of value. Cryptocurrency experts are predicting the value of bitcoin to reach 10,000 USD by 2018. More optimistic investors are predicting the value of bitcoin to reach 100,000 USD by 2021. And I totally agree with them. Here are a few points to back them up:

1. Bitcoin is limited in number- Bitcoin won’t be mined (produced) forever. That means the number of bitcoins in circulation will one day remain constant. But demand for bitcoins is constantly growing. And as they say, when demand is high and supply is limited, then the price of a commodity has to go up.
2. More bitcoin awareness- A few years back most people didn’t know about bitcoins. And the few who knew about bitcoins associated it with drug dealers. But that perception has changed dramatically. Some countries like Japan have legalized bitcoins. More merchants are accepting bitcoin now. Even mainstream media is now talking about bitcoins. This has created tremendous awareness and as more and more people adopt bitcoins, its value will shoot upwards.
3. Instability of normal currencies(Fiat money) - In countries where the local currency is bound to extreme inflation, then an alternative currency like bitcoin is most welcome as a store of value. Most investors in such countries have realized this and are opting to invest their money in bitcoins.

Bitcoin is a decentralized digital currency that has not scratched the surface in terms value and its price will continue to rise for as long as people accept it. If you’ve ever wanted money to work for you with little effort then invest in bitcoins.

And you don’t need to buy 1 bitcoin to get started. You can buy 0.5 or 0.25 or even 0.01 of a bitcoin.

wameyo

wameyo is a writer at Expertscolumn.com.

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