Bitcoin made headlines this year when its price shot up to over $5000, from a position of around $150 the previous year. Many however, still had no idea what Bitcoin was, nor what they should do with it, but they knew that they wanted a piece of the action. During that time I was looking for somewhere that I could invest my money and the guys at Prescott Regency convinced me that Bitcoins were the future.

If you aren’t aware of what Bitcoin is, it is a cryptocurrency, a digital currency which is mined through solving algorithms and then traded on the open market. Many people felt that cryptocurrency was a passing phase but it looks like it is well and truly here to stay. If you are looking for somewhere to invest your money, then I’d really recommend Bitcoin, and here are 5 reasons why.

Wider Acceptance

Bitcoin was dismissed by governments and banks for a long time but now they have no choice but to take note, such has been the rise of this currency. Earlier this year Japan became the first government to accept Bitcoin and it is believed that others are ready to follow suit. In light of this, now is a great time to invest in Bitcoin.

Predictions

The very same analysts who suggested that Bitcoin could rise above the $5000 mark this year, have also predicted that in the next decade, the Bitcoin price could go as high as $100,000. Now of course this isn’t to say that there is a guarantee that the price will go as high as that, but it could most definitely rise somewhere near it, and wouldn’t you like to have ism in your pocket when it does?

More Demand

There is more demand for Bitcoin than ever before as more and more investors look to add cryptocurrency to their portfolios. The supply of Bitcoin is still there, but it is slowing as the algorithms become much more difficult. And so, this limited supply plus the additional demand for Bitcoin, means that now is a great time for you to invest in the cryptocurrency.

Easy

Because of the popularity of Bitcoin, there are more ways than ever to buy the currency and it has really never been easier to pick them up. The only thing that you need is a Bitcoin wallet and then an exchange whereby you can buy Bitcoins online and pay via your bank card, very simple.

Positive Image

Bitcoin is completely anonymous and in the past that meant that it was used for unscrupulous activities online. Thankfully that image is now being wiped clean and Bitcoin is being seen as a very hot investment, and a possible way of changing the world forever and giving us a cashless society.

There are far more reasons to invest in Bitcoin than reasons not to and if you want to make some profits from your investments, now is the time to get involved in Bitcoin.