As Bitcoin continues to make headlines on a daily basis, many Australians are wondering if they should now take that leap of fate into the cryptomarket. The growth in the cryptomarket has been nothing less than astounding and while the market has corrected itself, there is still considerable room for additional growth over the coming year. Let’s take a look at a couple reasons why every Australian needs to invest in BTC in 2018.
Bitcoin is Seeing Increased Adoption
BTC has come a long way over the last ten years and today it is no longer regulated to the use of computer masterminds. Nowadays, BTC is widely accepted globally and countries such as Japan have already legalised BTC as a form of currency. Last year was truly a crypto break out year but 2018 will see this momentum continued by the introduction of major corporations into the marketplace.
The USA-based camera company Kodak recently saw great success with the launch of their blockchain based photo trademarking platform. While Kodak was not the first firm to think of such a concept, they did become one of the first major corporations involved in the ICO sector. After the successful run that this corporation had, you can expect to see a rush of new corporate tokens hitting the market this year.
There is no denying that blockchain technology such as BTC is far more efficient than the current forms of money transfer systems in place. A regular fiat-transaction can require verification by over thirty 3rd-party organizations. Thanks to distributed ledger technology, these transactions can now be done directly Peer-to-Peer. The demand has helped many bank-focused centralised cryptocurrencies such as Ripple to develop into major players in the marketplace.
Accessibility is Increasing
Bitcoin can be bought and sold at the push of a button and thanks to the online exchanges such as Binance; you now have access to a wide number of altcoins to trade as well. This last year saw the world get a crash course on what Bitcoin is and while many people still don’t fully understand Bitcoin, they have heard of it or know someone who speaks highly of the blockchain. You can even use services such as LocalBitcoin to find BTC traders in your area.
Regulations are coming into Place
Lawmakers have been mulling over how to add some form of regulation to the cryptomarket. As the cryptomarket continues to be a bright light in the world economic situation, countries are seeing the potential for growth in this new FinTech sector and they are working diligently to try and encourage new capital to enter the local market, due to favourable cryptocurrency regulations.
Dump the Fiat
Fiat currencies appear to be approaching a moment of return to intrinsically value. The world economic situation has been degrading for 10-years and there are many signs pointing towards another world economic crisis. You will see traditional investments such as gold continue to grow in value during these times of uncertainty. This time, you will also see digital assets become more valuable and they are now far more accessible than Gold.
What do you guys think? Is 2018 the year you can pay for your petrol with BTC? Let us know in the comments below.Read More