Bitcoin is considered to be one of the safest digital currencies to invest in because of a few key reasons. It holds a tremendous amount of value being the first cryptocurrency and has global recognition and established adoption.

The cryptography makes the currency secure and impenetrable. The blockchain associated with bitcoin has never been hacked and any security issues that may exist have to do with losing your private keys. As a matter of fact, it takes 0.65 billion years to randomly guess your private keys.

The ease of transferability provides liquidity and seamless access to funds wherever you are around the globe.

The value of the asset is more than likely to only increase due to there being a scarce, or fixated supply.

Bitcoin has been around since 2009 and since, 17 million of these coins have been mined through the use of heavy-duty computing to solve algorithmic hashes, which is a fancy way of saying using computers to guess as many possible outcomes to solve for the correct answer.

The miners, or people using these computers to solve these advanced mathematical based equations get compensated for securing the network through validating transactions and preventing breaches of security within the network. Its’ now estimated the Bitcoin network takes up 1% of the entire global population energy consumption. That’s huge!

There are several factors that determine how a bitcoin is valued, however, continuous adoption across merchants, financial institutions, and the general public have allowed Bitcoin to hold a significant amount of value that’s uncorrelated to anything else, no other government issued currency or commodity is like Bitcoin, it’s a unique store of value and is accepted by millions of people.

The technology is rapidly improving. Not only are developers working on technological improvements that make the digital currency more simple and easy to use, but the entire ecosystem as a whole are building applications and a better means of making the cryptocurrency more adoptable and simple to understand. There are several businesses and services that are being built on top of bitcoin to facilitate faster adoption.

Paxful, for example, facilitates peer to peer bitcoin transfer where you can buy and sell bitcoin for almost anything including gift cards, cash by mail, paypal etc. Their wallets are protected by SMS verification or through the use of Google Authenticator.

The fact that the digital currency is more secure than any other currency around the globe gives opportunities for investors to secure a position in an asset that’s poised to only increase in value multiple times over is something you don’t run across every day.

So what are you waiting for, start investing in bitcoin today.