Cryptocurrency has been existent in the investment market since last nine to ten years. Bitcoin has gained popularity because it is decentralized nature, hence has a potential to revolutionize the world investment and commerce market. It is gaining acceptance as a mode of payment by many large established online retailers like Amazon, Expedia, etc. since it is a cheaper and faster way of doing the transaction.
Few benefits of Bitcoin are as under:
The chances of third-party seizure are minimal. It is impossible to seize bitcoin because there is multiple copies transaction database. Unlike other options where there is regulation authority or government who have the power to freeze the accounts or take over the assets of the company or individual defaulting, people dealing in Bitcoin as a coinbase have full freedom.