Why Bitcoin is a good investment? {Post-27}

There are multiple factors to something being a good investment, while we aren’t investment gurus it isn’t rocket science to figure out what could possibly be a good thing to invest in. Let’s take a look at the facts, this is a
cryptocurrency that has been around for slightly over 6 years now and in this period it has grown immensely. So it’s a well performing concept. The number of coins that can be mined is limited to 21 million coins. So there is never going to be a dilution as is the case with stocks. In fact the parameter of difficulty which we went into in the last chapter ensures that the mining
process is maintained at a constant pace till all 21 million coins are in circulation. 

Also since the quantity is limited the rate per Bitcoin is only going to go up. This makes it similar to ever natural resource we have on earth which happens to be limited and thus gains value over time. The final aspect that adds value to something is acceptance; and Bitcoin has been well received over the years. Online retailers have started accepting Bitcoins, donation services have started accepting Bitcoins. Even the Singapore government is currently planning to tax Bitcoins so even official channels have opened up and finally Bitcoin ATMs are now being rolled out. What more of a justification could one need to deem Bitcoins as worthy of investment.