Bitcoin is a tool people can use .the world’s most popular digital coin as gained traction has a reliable means of payment .here are other qualities that make bitcoin the next big thing in finance.
Provides the user animosity.
You only monitor your latest transactions, but to whom and for what the digital coins were transferred it is impossible to determine as it hides the identity of the user.
You can only track the latest transactions, but to whom and for what Bitcoins were transferred it is impossible to determine even special services
Since the bitcoin network is decentralized, all transfers occur absolutely anonymously. Bitcoin Wallet addresses are also anonymous.
Cross border currency.
Bitcoin is truly a cross border currency. For example, it is possible in Nigeria and in other countries to pay all from a bitcoin wallet without thinking about exchanging to currencies
Bitcoin a better option to existing cash.
Bitcoin is a reliable option and reliable method for payment in the world. Now there are already many countries, both online and offline that accept Bitcoins for means of payment.
You don’t pay Taxes.
When buying or using Bitcoins, for transaction no taxes are levied, since officially it is not classified as a currency. This makes it possible to pay for goods and services a little cheaper.
Bitcoin can’t be forged.
Bitcoin cannot be forged because it is almost impossible to create another bitcoin. It is easier to get new digital coins. Over the entire existence of the bitcoin network, it has never been compromised.
Limited issue emissions.
About 21 million Bitcoins will definitely be produced, presently there are about 18.5 million left in circulation, this shows bitcoin has a finite supply. This reduces inflation and makes bitcoin more valuable because it cannot be produced like money so easily.
Written by Langman Bach
