Bitcoin continues to grow and keeps drawing more and more investors. The cryptocurrency stands out in so many different ways. It is decentralized, as no one controls it. New exchanges are making it easier to buy, sell, and trade in it. And government regulations are becoming more relaxed. While it continues to become the big thing in the world of investment, many are still speculating on the question, Is Bitcoin Revolution a Scam?
Bitcoin has proven to be highly reliable. Banking systems are known to go down often and cause problems with cards and online banking. This cryptocurrency, however, has been continuously reliable for over half a decade now. It has proven itself to be operational without any break 24 hours a day, 7 days a week, and 365 days a year.
The transaction charges are much lower compared to other investment transaction costs. This is because bitcoin transactions don’t involve any third party. The cryptocurrency movements take place between its users. Typically, a transfer costs around 0.005 bitcoin parts of the overall transaction. Comparatively, it costs hundred to carry out international banking transactions.
Major Global Organizations are Investors
Another reason why it is wrong to ask, Is Bitcoin Revolution a Scam? is because some of the largest global organizations have invested in this cryptocurrency. Some of the noticeable companies include:
- Morgan Stanley
- Goldman Sachs
Even major exchanges have invested in it, including NYSE, NASDAQ, US CFTC, and Chicago Mercantile Exchange among others.
Another reason Bitcoin trading and investment is reliable is because the transactions are settled immediately. Banking transactions can take anything from hours to weeks to be settled. On the other and bitcoin transactions get completed instantly. Thus, there are many reasons why it is reliable and affordable and makes a safe option for investment, trading, or carrying out transactions.