6 Ways Bitcoin Can Make Your Life Better

Bitcoin has shaken up the financial world since its inception, serving as the first currency of its kind for authentic peer-to-peer transactions.

Although it’s been around for more than a decade, Bitcoin’s prominence — and cryptocurrency’s prominence, by extension — gained traction relatively recently, gaining unprecedented worldwide recognition in the early 2020s.

While the days of $67,000 Bitcoin have passed, there are still undeniable positives associated with investing in this digital currency. And its continuous contribution to the financial world will definitely not stop now.

Let’s look at six ways that having a stake in Bitcoin can be positive for your life.

1) It is completely decentralized

The immutable element of Bitcoin is its decentralized nature. This means that the currency is completely independent of any government or bank, so you can make and receive payments without needing approval from other institutions.

Bitcoin allows users to transact directly and securely with each other, without the need for an intermediary. This form of currency also operates under an independent valuation system, meaning it can be traded, sold and exchanged in a legitimate supply and demand economy.

With Bitcoin, the power of your economy is controlled by the users themselves. Not the founders. Not any financial institutions. Just the buyer and the seller, on their own, independently.

2) It has few transaction fees

Banks often charge a percentage of the money you send to the intended account. For people trading with Bitcoin, the fees are often very small and even negligible for large purchases.

This is a good thing because you are essentially removing the middleman from your transaction. You get to keep a larger portion of your assets, while the intended beneficiary also gets what they want.

Whether you send 1 Bitcoin or 10,000 Bitcoins, the Bitcoin transaction fee will remain the same depending on the current standard fees. It does not increase based on the total amount, unlike other payment gateway methods.

3) It mobilizes money faster

You don’t have to wait for banking hours to transfer money. If you want to receive your money faster, you can do it with Bitcoin from around the world, like with Bitcoin Australia.

This is a great option if you run a global business and want to avoid the hassle of wire transfers and waiting days for a bank to approve the transaction.

In addition, you will not be questioned or limited on the amount you can transfer. This makes it a good choice for entrepreneurs and global workers who may deal with large sums of money on a regular basis.

Although the standard transaction fee is fast, it can even go faster. All you need to do is pay a slightly higher fee for the Bitcoin transfer a faster transaction. This can be done on a case-by-case basis, so you can adapt your payment method depending on how urgent the situation is.

4) It is a growing investment

The best time to invest in Bitcoin was in the early days. The next best time? Without a doubt now.

Bitcoin, just like stocks, bonds and gold, is a viable investment alternative to cash. It can be exchanged, bought and sold just like any other asset or commodity.

Furthermore, the growth potential is enormous. Compared to the growth of bonds and stocks, Bitcoin and other cryptocurrencies are highly volatile. While this may come with its fair share of risks, the benefits should not be dismissed either.

After all, no one expected that the Bitcoin crash of 2018 would be followed by its meteoric rise in 2020. So who knows what we will see in a few years?

The beauty of investing in Bitcoin is that you have the freedom to deposit as much as you want, whenever you want. This makes it suitable for people with limited budgets to dip their toes into the Bitcoin sphere.

You don’t have to deposit your entire savings (and we strongly recommend that you don’t, at least not yet!), but having some stake in this currency is a strategic way to future-proof your investments.

5) It expands your horizons

With Bitcoin, the window of opportunity is practically limitless.

Traditional banking systems often impose strict restrictions on cross-border transactions, increasing the difficulty for individuals and businesses to conduct international transactions. In contrast, Bitcoin offers unlimited possibilities, and can be transferred and received from anywhere in the world without a single institution getting stuck in this process.

Looking at things through a more practical lens, people from third world countries in South America, Africa and Asia can do business with more developed nations without being hindered by the differences in their fiat and government regulations related to it. It

This in turn provides equitable opportunities on a global scale that would otherwise be useless, and provides stability to people living in a place with unstable currencies. With Bitcoin, companies can pay skilled workers from abroad, while skilled workers from low-paying countries can exchange said skills for a better life.

6) It’s a revolutionary way to crowdfund

Whether you are a digital media creator whose livelihood revolves around donations or an entrepreneur looking to raise capital to finance your venture, Bitcoin makes the accumulation of financial assets very accessible.

The traditional crowdfunding method can take a long time to process. It may also be limited in terms of payment gateways, as many popular payment gateways are restricted in certain countries.

On the other hand, Bitcoin allows almost instant transactions with small fees worldwide. Plus, people don’t have to donate through a middleman as well. All they need is a digital wallet and the address of the recipient. This streamlines the entire funding process, brings more money to the recipient and leads to many businesses flourishing on a global scale.