What is Bitcoin and what are its benefits

So in order for you to know the benefits of Bitcoin you have to know what it is;

Bitcoin is digital currency a form of money stored in an owner's online "virtual wallet(MUCH LIKE YOUR STEEL WALLET), and it's free from the control of government.
So in simple words Bitcoin is "Money"

In the past, money has taken many forms like cowry shells, beads, precious metal, paper, and in our generation it is becoming digital in form of bitcoin and other cryptocurrencies.

So the next question is how can you as an individual benefit from it;

(A) Trading bitcoins

Buying and selling bitcoins is probably the fastest and easiest way to try and make some money with bitcoin. Just like the stock market, bitcoin trading involves buying at a low cost and selling when the price has gone up. Bitcoin is a volatile currency which means the rate can rise or fall several times day with margin of $10-100 per bitcoin value.

(B) Remittance

People living in diaspora and those doing business across Africa, China and the world can save on money transfer fees and foreign exchange rate by sending money in Bitcoins, this would save time and reduce over 10% fees charged by several Money Transfer Operators. Bitcoin exchanges are available all over the world, allowing users to convert any currency into and out of Bitcoin.

Bitcoin like gold is scarce, this is due to the finite or limited supply of Bitcoin, there are going to be only 21 million Bitcoin ever, with bitcoin you can invest for the future.