Struggling to make your way into the banking halls, going through the hurdles of filling papers for account creation, deposits, withdrawals and all, and having to suffer from the incapability of the traditional banking system; the banking systems have at several points failed to live up to its promises and at every level comes turn off which gets us craving for an alternative, we will jump into one–if there was any…

The emergence of financial technologies (FinTech), have since reduced the banking burdens and have added a lot of flexibility to management of funds, unfortunately these technologies have failed to achieve the perfect financial management conditions.

A perfect financial management system give you a total control of your funds, convenience while spending the funds and also an ease to transfer the funds to anywhere, at anytime. Present financial systems fails to achieve any of these and with the poor management of treasury by the world leaders, value of money only continues to see deterioration.

Emerging financial technologies have attempted to tackle these issues, however one have stood out amongst them—The blockchain technology and cryptocurrencies.

The blockchain is an immutable store of records which can be easily assessed by anyone, cryptographically generated currencies (cryptocurrencies) attached to these blockchain depicts the perfect way of fund management,and have since gained global recognition and acceptance with BITCOIN being the most prominent cryptocurrency.

Running on the blockchain, bitcoin have bridged the gaps in financial management system and have solved most notable problems of the financial system, this includes fund security, ability to transfer funds to anywhere in the world with ease and almost zero charges, zero censorship and putting individuals in complete charge of how, where and when they spend their funds.

Laden with these possibilities, bitcoin have emerged as one of the most priced assets, and since the time of its existence, it have outperformed gold and notable company stocks in the asset market. As the future of financial technology moving towards decentralization, bitcoin is positioned as the most likely blockchain powered cryptocurrency become the world’s most accepted financial technology.

With a good technology and a reliable security system, bitcoin creates secure storage means for funds. All bitcoin transactions are transparent, hence one can easily track transactions, verify claim and easily detect poor financial management by concerned parties.

In contrast to our everyday currency, bitcoin performed amazingly in terms of retaining value and appreciating notably in value, this is rare in the traditional currencies. With government censorship eliminated in the decentralized economy provided by bitcoin, the power of wealth creation and management is given to the people, hence a more democratic society.

Roughly eighteen (18) million bitcoins are currently in circulation with about three (3) million yet to be mined into circulation, bitcoin is one of the scarcest asset, more scarce than gold itself. Scarcity creates value.

While bitcoin scarcity will definitely drive the price, it’s groundbreaking features are the main reason why investing in bitcoin is a no brainer.

Looking at the global performance chart and the crave for adoption of a payment system as efficient as bitcoin. Prices are expected to rise with the tide and with the limited amount of this asset in circulation, many factors are bound to drive the price to new highs.

An investment in bitcoin and cryptocurrency is an investment in the future of financial technology and funds management.

Disclaimer: This is in no way a financial advice, the author is no bitcoin maximalist, always do your own research before investing in any cryptocurrency.