Here's Why Bitcoin Is So Valuable

First, each bitcoin is divisible into 100,000,000 pieces. This makes it an excellent form of money and is one reason it's so valuable.

Second, bitcoin is easy to transfer. You can send $100 as easily as you can $100 million. There are no middlemen. Transfers are conducted directly from one party to another. You can store $1 million in bitcoin in a flash drive in your pocket or even on a piece of paper.

Thirdly, Bitcoin is liquid, meaning you can change large sums of it into cash or other assets... all over the world.

Another important reason bitcoin has value is that it is scarce. There will only ever be 21 million bitcoins and no more.

It is also secure and time-tested. Malicious actors have been trying to hack and disrupt the bitcoin network since its inception.
They have failed.

To top it all off, bitcoin is decentralized. The network runs on hundreds of thousands of computers all over the world. This means it would be extremely hard to shut down or block. Plus, it's not vulnerable to the whims of bankers or governments.

We have all the hallmarks of an excellent currency here. To recap, bitcoin is...

Transferable
Divisible
Increasingly valuable
Scarce
Secure
Decentralized.

The ultimate signal that bitcoin has value is the number of people who believe it does. And this number is growing rapidly every day.

For example, the largest bitcoin exchange, Coinbase, reported 1 million new accounts in June.

Clearly, demand for this digital asset is growing fast.

Yet I suspect many of you are still skeptical about cryptocurrencies - as you should be.

We're still very early on in the game here...

Far less than 1% of the world's population own any bitcoin at all.

I know what will happen as the number of bitcoin owners continues to increase...

The price will keep rising. It'll be volatile at times, but that's to be expected.

The secret to bitcoin's success is this: viral organic growth. In other words, it spreads naturally from person to person, "infecting" new users at an exponential rate.

And like most bitcoin believers, I'm not looking to sell for a quick buck. I'm a holder who believes we have only just scratched the surface.

Bitcoin is unlike anything else the world has seen before.

It will continue to defy expectations. So if you've been on the fence for a while, as the price continues to rise, why not buy a small amount?