Why does Bitcoin enjoy Value Jumps?

So many people are reliant on the Internet these days. People get very frustrated if they are out and about and cannot find a WiFi connection to use the Internet with their mobile devices. Whether this is a good or bad thing is of no consequence when it comes to Bitcoin investing. The important thing is that growing use of the Internet is good for Bitcoin.

Over the years since the launch of Bitcoin it has attracted investors from all corners of the world. Being a true global digital currency that is available to all (in theory) it is no surprise that it has generated a lot of excitement.

Another good reason why the value of Bitcoin has risen so rapidly is because it is a scarce resource that is actually useful. Most people know that there is only so much gold that we can mine. Each year there is less and less gold left in the Earth. Therefore it has great value.

You can apply the same logic to Bitcoin. There will only ever be 21 million Bitcoin. As time passes this number will dwindle and the value increases. It is now very hard to mine Bitcoin and this is only going to get tougher.

Investors really like the fact that Bitcoin represents predictable and sound monetary policy that all can verify. At any time you can see how many Bitcoins are in circulation and how many new ones have been created.

You can easily trade Bitcoin for some products and services. If you have a gold investment then this is not a liquid asset. You would have to sell some of your gold stock for cash before you could purchase anything.

It is very easy to make cross border transactions using Bitcoin. There are no governments or banks involved. You can send Bitcoin securely in minutes to anywhere in the world. Transaction fees are very low compared to fiat currency transactions.

We really have the Internet to thank for the rise in popularity and value of Bitcoin. The Internet has made the sharing of information easy wherever you are and this concept will underpin the success of Bitcoin as a global and verifiable currency.

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