4 Reasons for Buying Bitcoin in Australia (2022)
Need a reason to buy Bitcoin in Australia? Take a closer look at the following compelling reasons to add BTC to your portfolio!
Bitcoin is a word that has taken the investing world by storm. The good news is that Bitcoin doesn’t seem to be just a fad that comes and goes. Buying Bitcoin in Australia is a great investment if you’re looking for long-term gains.
The first part of understanding why buying Bitcoin in Australia is so hot right now is to understand exactly what Bitcoin is.
In short, Bitcoin is a revolutionary form of digital currency that was first incepted in 2009 by the mysterious Satoshi Nakamoto. Since then, Bitcoin has been gradually increasing in value, and consequently attracting more and more investors and traders around the world.
As the value proposition of Bitcoin continues to climb, you may be wondering – is it too late for Aussies to invest in Bitcoin?
Simply put, it’s better to start late than never. More and more institutional investors are joining the crypto space with Bitcoin as their entry ticket into the world of cryptocurrencies. And you should too.
In this article, we’ll be sharing 4 reasons why Aussies should consider buying bitcoin in Australia in 2022 if you haven’t already!
Jump right in: Click here to buy Bitcoin in Australia!
Reason #1: Bitcoin is the new digital frontier
One of the best reasons to buy Bitcoin in Australia is the fact that it is quickly becoming the new digital frontier. What we mean by that is that Bitcoin is pioneering the adoption of digital currencies which will soon be adopted by worldwide platforms as the technology continues to mature and advance.
In addition to being a digital currency, Bitcoin(BTC) benefits from being decentralized – allowing you to buy, sell, trade, and exchange BTC without having to go through a central governing authority. As long as you have an internet-connected device or computer, you’ll be able to access your funds.
Ownership of Bitcoin or any crypto for that matter is done through bitcoin wallets. These crypto wallets come in different shapes and sizes, and function similar to a traditional wallet, but in digital form – either through an app on your mobile phone or a secure program on your computer.
They are very user-friendly and allow you to keep a birds-eye view over all your bitcoin investments at all times. Like digital wallets, using a Bitcoin trading site is surprisingly simple. A trading site such as Easy Crypto allows you to move your money sweat-free.
You can easily navigate them with no training and will be able to build your portfolio at your fingertips. No matter what you need to do with your Bitcoin then you can do it digitally.
Learn more: Read our complete guide on crypto wallets.
Reason #2: Multiply your assets with Bitcoin
When you keep your money sitting in a checking or savings account you aren’t letting your money work for you. This is because the rate of return on savings accounts is not high at all.
If you keep all of your money in a savings account then at the end of this year you will only have gained a few cents. When you put your money in Bitcoin your money is continuing to grow every day.
Even if you do generate a few cents from your savings account it is not enough to beat the natural inflation that happens every year. The prices of everyday necessities continue to grow that is why it is important your money grows at a faster speed.
This is why you should buy Bitcoin. The value of Bitcoin grows every year. Simply meaning that you not only end up with more than your initial investment, but you don’t lose to inflation.
How much does it cost? Click here to check the latest Bitcoin prices in Australia!
Reason #3: Bitcoin is lucrative
You will find that more and more Australian stores are accepting this as a trusted form of payment. Some places are even giving employees the opportunity to be paid in Bitcoin. Since Bitcoin’s purpose is to be used as electronic coins it is an extremely liquid asset.
Another reason Bitcoin is lucrative is that it is just as easy to sell as it is to buy. If you decide to sell or trade your coins you can easily process a transaction at any time with Easy Crypto. Exchanging your money to or from Bitcoin is simple and takes minutes.
If you wish to pull your money out of Bitcoin, you can exchange it for AUD quickly. You always have access to your investments. Bitcoin exchanges can happen anywhere and at anytime.
Reason #4: Diversify your investment portfolio
Buying Bitcoins in Australia is a great option for your investment portfolio. Bitcoin works for you no matter what stage of investing you are in. If you are approaching retirement and are looking to boost your savings, then Bitcoin can give you a swift yet steady return.
If this is the first time you are investing then, Bitcoin serves as a precious opportunity. Your investments in Bitcoin will grow while you will gain first-hand experience on how the market works. You will quickly learn how fast your investments can grow, when the best time to trade is, and when to leave your money to grow comfortably.
It is always motivating to see your initial investments grow, but this is especially true for your first investment. That is why buying Bitcoin makes a great foundation. You will see your investments take off while learning what it takes to build a solid portfolio.
Get started with Bitcoin in Australia
Bitcoin is a fast way to grow your investments while feeling confident and comfortable. Regardless of your age and experience, Bitcoin will offer the same great results for everyone.
What did you think of the 4 reasons we shared in this article? You don’t have to immediately invest huge capital in Bitcoin like Elon Musk, start with what you’re comfortable with! As the saying goes, it’s better late than never!
Get started in no time: Click here to invest in BTC in Australia today!
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Disclaimer: Information is current as at the date of publication. This is general information only and is not intended to be advice. Crypto is volatile, carries risk and the value can go up and down. Past performance is not an indicator of future returns. Please do your own research.
Last updated August 24, 2022