Is bitcoin truly of use to internationally mobile expat professionals?

Is bitcoin a blessing or a curse for overseas expat professionals?

Given that a universal payment provision for globe-trotting expats sounds like a dream come true especially as it gets rid of conversion fees, what, if any, are the downsides?
The cryptocurrency and its newer versions such as Litecoin and Ethereum are now regarded as an asset class, with many of its fans using it to trade in a manner similar to silver and gold. Investors seeing the innovation as a safe haven in times of financial turbulence have resulted in the currency’s soaring value over the past few years.

Britain's fast-approaching final break from the European Union, plus what is stacking up to be the most destabilising US presidential election eve,r put sterling and the dollar in a tricky position, encouraging bitcoin holders to move more sterling and even the formerly bombproof US dollar into this decentralised wallet. However, expat experts are warning about using it to hold all your wealth due to its basic volatility. Gold also fluctuates in response to changing world events, but not nearly as much as does bitcoin.

One serious advantage of using bitcoin is that transfer is instantaneous due to its lack of the bureaucratic red tape common in traditional transfers. Depending on where expats are based, one possible disadvantage is the lack of bitcoin ATMs, used not only for withdrawal but also for buying and selling the cryptocurrency stored on their debit cards. For those with access to an ATM, being paid in the currency of their host country, using their salary to buy bitcoin and immediately transferring it to family back home for a local currency conversion can save on both the conversion and banks’ transaction fees.