Launched in the year 2009, Bitcoin is the first digital currency, popular worldwide. It is an open-source, decentralized electronic currency. At its core, Bitcoin is not governed by the federal government or any banking institution. Here, no transaction cannot be manipulated or hidden as Bitcoin purchases are validated on an international ledger known as the "Blockchain." It is a digital technology, which acknowledges each acquisition transaction of this cryptocurrency and Bitcoin received & send on the network.
Bitcoin in 2019- The Current Scenario in Estonia
Without a dilemma, Estonia is the only country in entire Europe which is not terrified by soaring growth of Crypto industry and its impact on the national fiat currency. Instead, the government of Estonia is deeply looking at the prospect of launching the world's first-ever state-backed currency.
Bitcoin in Estonia is not prohibited by law; it is termed as an alternative to fiat currency in the country. Moreover, the Estonian government is inviting Crypto entrepreneurs to start their venture in Estonia via the e-residency program. Recently, the country's highest order declared Bitcoin as a currency and not a property, so no VAT imposed will be imposed on trading. This will further encourage investors to come to Estonia.
The only government ruling on Bitcoin is asking the Crypto exchanges in the country to maintain the KYC records of their registered investors to thwart any sort of terror funding activities in the country. In the coming years, it will become one of the trusted online payment means.
There are several crypto exchanges in Estonia, and you can easily buy Bitcoin with credit card/debit card or any other mode of payment.
Bitcoin- An Ocean of Opportunities
Bitcoin continues to evolve with every passing day, till the first half of 2019, the value of Bitcoin is scaling new highs. However, many of us still wonder, is now the time to invest in Bitcoin?
As a cryptocurrency, Bitcoin has proven perks, 'its digital nature makes it durable, divisible, and hyper-portable. Since, its decentralization, it doesn't behold the vulnerabilities of national currencies, and perfectly transferable across the democracies.
Why Invest in Bitcoin?
Bitcoin Is a Flexible Investment
Bitcoin is a flexible investment, as it can spend and send anywhere and everywhere. Plus, you can do international monetary transactions with utter ease, and 100% safety, no limitations as such. With Bitcoin, you are in total command of your financial assets, not going to the bank, no holidays, in simple words, Bitcoin is a metaphor for the 'quote' convenience meet comfort."
With Bitcoin operating on the technology Blockchain, all the finalized transactions are transparent for you to see anytime and anywhere, just need a personal computer with an Internet connection.
Bitcoin Has Less Inflation Risk
One of the single biggest perks of Bitcoin is, unlike other robust currencies like the Dollar and Pound, this digital currency doesn't lose its purchasing power with time. Since Bitcoin is not printed by Bitcoin, its value 'doesn't dip significantly. Supply and demand coordination defines the value of Bitcoin; by 2050, it is stated that there will be 500 Bitcoins for one person.
Bitcoin Has Seen High Appreciation Value
If you go through the Bitcoin exchange graph for the recent years, you will observe that with time the volatility of the value of Bitcoin is coming under control; stabilization is seen in the last six months, steadily rising on a daily basis.
At the End of It All
To sum up, the above opportunities suggest, you don’t need to think or rethink, just buy Bitcoin with credit card today!