Bitcoin is the most popular type of cryptocurrency (digital currency) and has become one of the most controversial types of investment available, but it is also one of the most exciting things to happen to currency in generations. While some remain skeptical, many people believe that in the future cryptocurrency will replace traditional forms of currency and, as a result, are buying Bitcoin as an investment for the future. But is it the right choice for you? Your decision needs to be based on your unique circumstances and the level of risk you are willing to take, but here are six reasons why Bitcoin could be a great investment for you.

1. Bitcoin has a high adoption rate

There are many forms of cryptocurrency but Bitcoin has the highest adoption rate, largely because it is the most well established and has more credibility. Even global corporations like Apple and Amazon are integrating blockchain technology (the foundation for Bitcoin) into their operation and some are even enabling customers to pay for products in Bitcoin. Business icons such as John McAfee have always been big ambassadors for Bitcoin and other high profile advocates of Bitcoin include Tom Lee, co-founder of Fundstrat, Mike Novogratz, the founder of Galaxy Digital, the Winklevoss twins and Bobby Lee, CEO of BTCC.

2. There are no payment middle-men

Trading in Bitcoin removes the need for middle-men or banks who would want to track and monitor your payments. You have complete visibility and control over whereand when you withdraw or deposit Bitcoin on a 24/7 basis. This gives you the opportunity to make your own decisions in line with the market and ensures the whole process is transparent.

3. Exceptionally fast transactions

With blockchain and the lightning network you have access to a faster and smoother payment system with lower fees and exceptional security. The lightning network enables users to complete transactions and the blockchain technology records those transactions.

4. Developing technology

The developers behind Bitcoin are continually working to improve and scale Bitcoin; security, privacy and speed are top priorities. Recent innovations include Bitcoin Cash.

5. Opportunities for investors of every type

Part of Bitcoin’s ongoing development is Bitcoin ETF which would enable not only large investors to get involved in the market but also the average person looking to make a profit. Bitcoin is far more regulated than it has been in the past which makes it a less risky opportunity and means that there are more advisors who can guide people through the investment process. For example, some are choosing to short bitcoin which means selling it at a high price but then buying it back when it drops in price again, rather than buying low and then selling high.

6. Demand for Bitcoin is high

Bitcoin is a highly sought after currency and there are just a few million bitcoins out there which have not been mined. Demand is likely to surge in the next few years making now a great time to invest in your own slice of the market.