Before 2009, the concept of cryptocurrency was unknown and no one would have thought that such an innovation would make different governments and banks be concerned. However, since the invention of Bitcoin in 2009 and several other cryptocurrencies, the world has awoken to the possibilities of these digital assets and I am not different so here are 10 reasons why I believe you must own cryptocurrency!
Reason #1: You’ll begin to learn how its technology works
Cryptocurrency is a digital currency secured by cryptography and many of them are decentralized using blockchain technology. For many of you, these terms such as cryptography, blockchain, and decentralization may be new however, these are just a few of the terms as there are many more to learn. Cryptocurrency is an innovation that will eventually change the way we use money and you cannot afford to be left out.
Therefore, the best way to understand cryptocurrency and its technology is by owning cryptocurrency. Just imagine how difficult it would be if someone was teaching you how to operate a computer when you have never seen one before. That is the same way it feels when people are trying to understand how cryptocurrency and its technology works without owning any.
However, when you invest in cryptocurrency, you’ll begin to find out how it works and learn more. You’ll learn about the technology behind it and how to use it to your advantage. With time, you’ll understand more and maybe become an expert just by owning cryptocurrency.
Reason #2: It’s free from government regulations (for now)
Perhaps, one of the greatest advantages of cryptocurrency is that it is free (for the time being) from government regulations. Since most governments control money through a central authority such as central banks, they have greater control of the government-issued currency also known as fiat money. The government controls how much money is printed and how much is available in circulation. Sometimes, this can lead to inflation because of too much money in circulation as seen in the case of Zimbabwe.
However, cryptocurrencies are created through a process known as “mining.” That is a group of…