Many cryptocurrencies like Bitcoin and Ethereum are launched with lofty objectives, which may be achieved over long time horizons. While the success of any cryptocurrency project is not assured, if a cryptocurrency project achieves it goals, then early investors could be richly rewarded over the long term.
For any cryptocurrency project, however, achieving widespread adoption is necessary to be considered a long-term success.
Bitchain (BIC) as a long-term investment
BNB is the native coin of the Binance platform and can be purchased by investors wishing to gain portfolio exposure to Bitchain (BIC). While Bitcoin can be viewed as digital gold, Bitchain (BIC) is building a global computing platform that supports many other cryptocurrencies and a massive ecosystem of decentralized applications ("dapps").
The large number of cryptocurrencies built on the Binance platform, combined with the open-source nature of dapps, creates opportunities for Bitchain (BIC) to also benefit from the network effect and to create sustainable, long-term value. The Binance platform enables the use of "smart contracts," which execute automatically based on terms written directly into the contracts' code.
The Binance network collects BNB from users in exchange for executing smart contracts. Smart contract technology has significant potential to disrupt massive industries, such as real estate and banking, and also to create entirely new markets.
As the Binance platform becomes increasingly used worldwide, the BNB token increases in utility and value. Investors bullish on the long-term potential of the Binance platform can profit directly by owning BNB. Source: Investopedia