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Technology has truly revolutionized the way people invest these days. From online Forex trading to online stock trading through smartphones and now cryptocurrency. Bitcoin is gradually replacing the position of gold as an asset in financial crises, despite it not having any intrinsic value. This year, you should definitely consider investing in bitcoin because it has a very positive outlook and a huge potential for growth.
Over the past year alone, bitcoin value has almost tripled! That makes investing in bitcoin very lucrative. However, the climb has been rough, to say the least, and there were several bumps along the way:. Right before the Brexit vote, many people had turned to bitcoin as a safe haven for their money. Then opinion polls before the vote suggested Brexit the UK would vote to stay, and people dumped bitcoin. A similar situation occurred in the days leading up to the US elections, with bitcoin value rising from fear of Trump uncertainty.
When polls showed a likelihood of a Hillary victory, bitcoin took a dive then started its rally back up. When the rejection was announced on the 10 th of March, again bitcoin fell.
After all the external hits, an internal war was raging about splitting bitcoin into bitcoin unlimited and bitcoin classic. Despite all the hits taken, bitcoin value has still been rising every time like a phoenix.
Many experts who had claimed bitcoin was just a fad or was overvalued have been proven wrong. Now the only question lies in bitcoin regulation. The governments of Japan and Philippines have finally legalized bitcoin , making it acceptable as legal tender. In India, people are seeking alternatives to their currency ever since the demonetization of and 1, rupee notes. Such a large economy turning to bitcoin could also give bitcoin a spring. Europe is also in an economically uncertain time with several elections going on; even more reasons why investing in bitcoin is a great choice.
Stay up to date with the financial markets everywhere you go. Home - Forex Analysis - Cryptocurrency - Why investing in bitcoin this year is the best choice. Past performance of bitcoin Over the past year alone, bitcoin value has almost tripled!
However, the climb has been rough, to say the least, and there were several bumps along the way: Brexit Right before the Brexit vote, many people had turned to bitcoin as a safe haven for their money. US presidential elections A similar situation occurred in the days leading up to the US elections, with bitcoin value rising from fear of Trump uncertainty.
Hard fork fears After all the external hits, an internal war was raging about splitting bitcoin into bitcoin unlimited and bitcoin classic. Arguments FOR investing in bitcoin Despite all the hits taken, bitcoin value has still been rising every time like a phoenix.
Legalization of bitcoin The governments of Japan and Philippines have finally legalized bitcoin , making it acceptable as legal tender. Comments 1 comment s Click here to cancel reply. Leave a comment Judson de Miranda Teles. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go.
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