Question

is Bitcoin strong enough technically and mechanically and worthy to buy for an investment for the future?

Answer 1

Bitcoin is an open source payment network and also known as cryptocurrency. In other words, this is an online exchange of money among many businesses and individuals.

In 2020, after the pandemic arrival, Bitcoin has techincally got downgraded as much as any other asset class defined in the world of financial markets. Financial advisors are forecasting the results of volatility could lead cryptocurrency to lose it's value half by the end of July 2020. An Investment at the present could lead only to the fund erosion , hence investment at present could hurt one's finance.

But when the value of bitcoin gets downgraded, that could be the right time to invest as economy booms in the future after pandemic recovery. Not to forget about the internet scams and hackers and it's great deal of financial insecurity that comes along the way, this is unlikely a metal(Gold, Silver etc) investment that doesn't erode in it's value as much volatile as any other asset classes.

But again companies like Visa and others are promoting Bitcoin by offers and promotions to increase the online exchange of money. Cash purchases are awarded by reward points. Which explains that Bitcoin is getting popular rather in purchases instant, but not as much as hopeful both technically and mechanically in the aspects of an investment.