Yes or No? Should You Invest in Bitcoin?

Wondering if you should invest in Bitcoin? If you've been around any kid of financial news lately, you've no doubt heard about the meteoric rise in the world's most well-known cryptocurrency.

And if you're like a lot of people right about now, you're probably wondering, "Bitcoin - yes or no?"

Should you invest? Is it a good option? And what the heck is Bitcoin anyway?

Well here's a few things you should know about Bitcoin before you invest. Also note that this article is for information purposes only and should not be taken as any kind of financial advice.

Pros of Bitcoin

First (1) Easy To Send Money

Because it's decentralized, this also means that you can send a friend Bitcoin (money) on the other side of the world in seconds without having to go through a bank intermediary (and pay the banking fees).

This fact alone makes Bitcoin very popular. Instead of waiting for a wire transfer which can take days, you can send your payment in seconds or minutes.

Second (2) Limited Supply

There are only 21 million Bitcoins that will ever be mined. This limits the amount of Bitcoin that can ever be produced. This is like saying a government cannot print money because there is a limited supply of bills - and they won't print anymore.

When there is a set supply your purchasing power is preserved and the currency is immune to runaway inflation.

This limited supply has also helped to contribute to the rise in the price of Bitcoin. People don't want a currency that can be printed - or inflated - into infinity at the whim of a greedy government.

READ MORE HERE: Original Post