Bitcoin – A secure and safest investment for future

Bitcoin is currently providing security for the first generation of Bitcoin smart contracts built on top of a cryptocurrency infrastructure. Ethereum introduces additional possibilities with its more brilliant contract capabilities that allow complex business logic to permeate every aspect of an organization or product’s lifecycle. Let’s look at the latest innovations in blockchain technology and how they are making global supply chains safer and more successful than ever before. You will learn about Bitcoin, Ethereum, Private Blockchain networks, Smart Contracts, and much more, alongside bitcoin being a future safe investment asset. On the other hand, if you decide to start your bitcoin trading journey, you may use safe and secure software to ensure a hassle-free trading experience.

What is a Contract?

The contract can be written, verbal, or even implied. A contract can have long-term implications between two parties from different companies, countries, and continents. For example, A trading company in oil purchases aluminum from a metal supplier in Asia. This contract between the companies could last for years as the trader would be required to buy specific amounts of aluminium at set prices with regular payments due on set dates.

Bitcoin, the safest and most reliable investment asset:

As an investor, you can be assured that this type of contract is safe and reliable. With Bitcoin, you have ensured a transparent ecosystem where all parties involved in the contract remain anonymous – which helps maintain complete confidentiality of the parties involved in a contract. Additionally, Bitcoin is a decentralized currency, meaning no single entity or company does not control it. Therefore, it helps to ensure all contracts are conducted fairly and honestly and provide a level playing field for all parties.

Why is Bitcoin the safest investment asset?

Bitcoin is a safe investment asset you can buy and hold for the long term. Bitcoin has shown remarkable growth in recent years, with its price rising from USD 1000 to nearly $65000 in just three years. You don’t have to worry about holding the currency for long periods or having its price crash down on you; this is why other fiat currencies fail to provide these assurances.

Bitcoin Investment Growth:

According to Bitcoin price tracker Coinmarketcap, since the beginning of 2014, bitcoin’s price has grown at a staggering rate of 1400% in USD and 6000% in BTC. Along with this growth, bitcoin has shown a remarkable ability to withstand market fluctuations, with its value remaining relatively stable for long periods.

Bitcoin Price History:

Many more companies use bitcoin as a form of payment than you would imagine. Companies such as Microsoft and Dell have accepted Bitcoin for years. Even major countries like Japan and South Korea have recognized the value of Bitcoin and its financial capabilities. This year, major companies like JP Morgan Chase, MasterCard, Bank of America, etc… All filed their own “Bitcoin patents”. These examples show how bitcoin has become a stable asset in more ways than one.

How will bitcoin dominate as an investment asset in the future?

Bitcoin is a decentralized network, meaning no government, institution, or company can regulate it. However, some governing authority directly or indirectly controls most other investment assets. Therefore, those controlling the asset’s long-term value will determine its long-term value. 

Bitcoin is the only natural choice if you want to secure your financial future in an asset you don’t have to answer to. Furthermore, bitcoin as a currency will continue to grow alongside its user base as more companies recognize its incredible potential. Therefore, in the future, people will want more freedom regarding their financial approach, and bitcoin is a suitable option. 

Smart contracts are the reason behind the bright future of bitcoin.

While Bitcoin offers strong reliability due to its decentralized nature, it lacks some sophistication offered by other blockchain technologies like Ethereum. For example, with Bitcoin, transactions cannot be customized beyond their preset parameters, limiting business logic implementation abilities. However, through the use of smart contracts, a business can design clear expectations and outcomes while remaining within the Bitcoin ecosystem.

Smart Contracts are essentially the building blocks of Ethereum smart contracts. It is done using automating sequential steps of contract fulfillment. Smart contracts first had a use case to facilitate, verify and enforce the negotiation or performance of a contract in 1996 by computer scientist Nick Szabo, who created them for BitGold – his digital currency system.