Why is Bitcoin yet to become an important avenue of investment?
Bitcoin is a currency that is fast becoming the favorite of many persons in the world due to the steady worth of the currency and the anonymity that comes with the currency. However, not many people use this for their investments and purchases. This is due to a number of factors that depends on a number of the economic, political and technological scenario of the world. Firstly, the awareness among the people is very low. Bitcoins are known mainly to the most tech-savvy people in the world. Although the internet and mobile penetration have increased by multiple folds in the past few years, people are not technologically aware. They do not know about this wonderful option. Secondly, it is not easy to understand the currency. While the world has traditionally used the gold standard and in the recent times the US dollar as the standard, many do not understand how the currency is pegged. It is also not a physical coin but a digital coin that is stored in the blockchain. This has ma