Bitcoin made the crypto industry as famous as it is today. The world owes it to BTC for making a successful run that turned a lot of crypto users into millionaires in a short period.
However, the recent events about TerraUSD has brought down the coin’s value that ultimately made it hard for newer users to buy the coin. But to tell you the truth, now is the best time to buy BTC.
Is 2022 really the year to buy Bitcoin for the first time? If you want to use Bitcoin to buy goods and services online or wager it on a crypto casino, here are the best reasons why you should secure one now before the year ends:
Btc Rules Are Irreversible
As a general rule of thumb, BTC will never exceed the market cap of 21 million Bitcoins. This is also the rule that’s considered permanent by the blockchain’s standards. Unlike fiat where the government can simply print an unlimited supply of money, BTC can only go as far as its cap can reach.
This means that they will eventually run out and must be traded indefinitely to get one. With this irreversible rule, it’s going to be hard getting your hands on BTC if you don’t act upon it right now.
Soon, BTC will be Scarce
As mentioned, there are only 21 million BTC for miners to reach its cap. This means that eventually, you’re going to run out of BTC to buy. If you don’t start investing in them now, they will be highly valuable in the future which you need to buy for a higher price.
Bitcoin Has Great Features
Bitcoin also has a lot of great features that make it a distinct currency compared to fiat. With these great features, BTC’s blockchain has made a huge following among users who want to make the most out of them. Below are some of its most useful features:
Anonymity
Bitcoin’s blockchain is designed to ensure that whatever transaction is sent on the web is fully encrypted. This means that the exchange of parties trading BTC online will be secured through an encryption that sends random codes that will block any attempts of cyberhacking. With this, anyone who makes a transaction in BTC’s blockchain won’t be known to the public.
Decentralised
Unlike the traditional fiat money, BTC is completely decentralised. This means that there is no central authority that hovers over every transaction process in the blockchain. It gives users the freedom to mine BTC and trade without the need to verify it to a central authority. Another benefit this brings is lower costs which banks will impute for basic transactions like transfers and deposits.
Faster Transactions
Bitcoin’s blockchain is also extremely fast. What takes 3-5 business days with a regular fiat transaction only takes 10 minutes or less for Bitcoin. This is helpful when making transactions of large proportions.
BTC Regulation Is Getting Better
There are a lot of countries banning the use of crypto entirely. This forces the blockchain to change for the better and make it more seamless and safer to gain the governments’ trust again. As years pass by, Bitcoin’s blockchain will improve as more users buy and exchange coins online.
Bitcoin has a lot of potential to go back to its golden years again. While most people are reluctant to buy it in 2022, nothing could be more perfect of a time to invest in one than today. Aside from investing, you can also use it to play at a crypto casino and win huge payouts.