Bitcoin was considered to be a mere flash in the pan by many when it came out. Boy, looking back even just a few years, how completely wrong they were!
More and more, it is becoming an institution, and it seems to be a bastion of not only holding its value, but adding value, and this in a world full of inflation and economic deterioration wherever we turn!
Crypto-currencies are becoming more and more useful, not just as an investment, but as an instrument for daily life. Here are some situations where Bitcoin and its brothers and sisters come in very handy:
Travelling:
The fact is: if you hold Bitcoin and are a even a little bit savvy about your destination, you no longer have to pay tribute, er…. commission, to the money exchange places anymore. As of this writing at the end of the year 2017, most world destinations have people more than willing to trade BTC for the local currency. Even in surprisingly remote areas, you will generally be able to pull this off for the going rate, with no “spread” necessary.
Gambling:
Believe it or not, the age of the crypto-casino has arrived! And it’s not just Bitcoin that is in use these days, you can take out your Ethereum, Monero, Dash or Litecoin and party on with that too. Winnings can be deposited back in any of the above currencies, or converted to “hard (whatever that’s supposed to mean anymore) currencies if you so desire.
The online casino industry has always been at the cutting edge of implementing new tech, and they are certainly not going to be left behind as far as digital and/or blockchain currencies are concerned.
Paying for Goods and Services:
More and more merchants are starting to accept BTC and other cryptocurrencies these days. And it’s only going to get more and more common. In addition, you can get debit cards that withdraw from your BTC accounts, although there is sometimes a service charge for this feature.
B2B transactions are also more and more being conducted using this medium, both for reasons of convenience and security.
We predict that in the future, it may well be possible that BTC and/or other crypto-currencies will be more common than government-issued currencies in much of the planet. Frankly, they are a superior instrument in so many ways, their rapid and explosive growth is hardly even surprising anymore.