The value of Bitcoin has fluctuated over the years, as can be expected with any fiat currency. Jason Hope has been consistent in his belief in Bitcoin through the changes. Why?

Bitcoin as a Solution

Bitcoin is a solution, overall, to solve problems in the digital marketplace.

Bitcoin is the natural result of new technologies bringing ever-growing portions of human life online, including the way we shop and conduct business, business mentor Jason Hope adds. As a digital currency, it side-steps several issues that many of us face when we conduct our transactions digitally.

When payments are made using Bitcoin, the costs of performing the transaction are lower than if the payment had been made through a bank or a credit card company, and the process is faster as well, Jason Hope adds. This is because there is no middleman to pay, no fees to convert from one currency to another in the case of international transactions, and confirming a payment happens electronically rather than waiting on someone at a bank to confirm the payment.

Jason hope also anticipates more benefits. He says that using a currency so strongly linked to Blockchain technology will make it easier to reduce online fraud.

Bitcoin as Opportunity

Because Bitcoin is a currency that makes digital transactions so much easier, it also creates opportunities for entrepreneurs. Using Bitcoin has the potential to get around the current hassle of setting up a business bank account for a new business, and because Bitcoin is used globally, there is a larger pool of people with whom an entrepreneur can do business. For Jason Hope, this means that businesses will be easier to start and can go international immediately.