If you follow the world of cryptocurrency at all, you are probably wondering about the future of Bitcoin. This popular form of cyber money has seen some hard times as of late, and more people are avoiding purchasing new bits. Or they are doing whatever they can to sell or trade the bitcoins that they already have.
But guess what? These people might be acting impulsively, listening to what the “crypto gurus” are saying about the downfall of Bitcoin. We, however, believe that it is never too late to buy Bitcoin with card, wire transfer, or make some crypto trades with your Litecoin or Ethereum. Here’s why it’s still a good idea to make an investment in Bitcoin this year.
Crypto still has tons of room to grow
Some major issues relating to cryptocurrency in recent years have been resolved, like the problems associated with money transfers for purchasing Bitcoin. But there is still a lot to be improved and a lot of issues that need fixing. As these issues get resolved, it is expected for the value of Bitcoin to skyrocket once again.
Money from major financial institutions hasn’t been factored in
Even though there are tons of investors of Bitcoin around the world, major financial institutions have yet to hop on the crypto train. There are reasons for this, a main one being that certain financial securities differ for cyber money. Most Bitcoin investors are tech institutions, capitalists and financial traders.
Money from companies like Fidelity and Morgan Stanley has not made its way into crypto, but there is a strong belief that it soon will. Morgan Stanley has even shown some serious interest in making an investment into Bitcoin.
The crypto market isn’t worth much compared to major corporations
Everyone is constantly talking about how much the crypto market is currently worth. And at nearly 200 billion, it is worth quite a lot. But it is still far behind major corporations like Amazon and Apple. It’s still got quite a way to go to compare to these companies.
But what happens when Amazon starts to incorporate Bitcoin into their accepted payment method? Amazing things for Bitcoin, that’s for sure. Bitcoin is beginning to forge more and more partnerships with major businesses around the world, meaning the best is still yet to come for them.
More companies are adding Bitcoin as a payment option
We already mentioned that Amazon is still working towards incorporating Bitcoin within their paying model, but plenty of other companies have already made it possible. Last year, Forbes listed 50 publicly-owned companies that have or are soon to be using Bitcoin. On that list you can find big names like AmEx, Facebook, and IBM.
There is so much speculation about the future of Bitcoin, but you just need to look at the facts. You can listen to any Bitcoin enthusiast talk about what he or she thinks will happen to its value this year. But you just need to make an educated guess yourself before you choose to invest or not to invest.
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