Why do people want Bitcoin?
Bitcoins act as new currencies in the digital age. It can cross borders without any banks or governments.
The recent boom in Bitcoin may be great news for those who put money here early. But it also made it possible for Bitcoin to become a distant currency.
I can now use my Bitcoin number to buy stuff at Overstock or book a hotel at Expedia. But if I use Bitcoin to buy $ 25 on the Overstock today, and next week Bitcoin prices will increase fourfold, I'll feel that stock is $ 100. If Bitcoin loses its price, at least I still have the stock to use.
Bitcoins are considered as a kind of asset, instead of currency, with great profit expectations later on.
Because lot of people earned more than they expected in which it help them to become financially stable that they did not experience it before by just relying only to local paper money businesses. Like here in our country, we are better than our overseas workers because when they earn dollar abroad it will be taxed when the time they send their money in here unlike earning thru Bitcoin we will earned thru dollar value tax free.
