It's safe to say that bitcoin as a cryptocurrency has achieved substantial success, and it's one of the most popular cryptocurrency worldwide. Actually, most people associate the word bitcoin with the word cryptocurrency. Today bitcoin is endorsed by many governments worldwide, and an increased number of people is looking to invest in BTC. So, why nowadays there is a greater interest in investing in bitcoin?
Goods and Services
There's a great number of organizations and companies that accept payments in BTC. It's expected this number to rise dramatically, in the future, so consumers will have even more choices and better options. Currently, you can still purchase many different products and services like video games, book flights, real state, cars, online newspaper subscriptions, fast food, electronics, and much more.
Among the companies that accept BTC are Microsoft, Etsy, Rakuten, Burger King, Papa John's, Expedia, and many others. It's also worth mentioning that you can make a donation in BTC to nonprofit organizations like WikiLeaks, Greenpeace, Wikipedia, United Way Worldwide, among many others.
Another factor that makes it convenient to buy products and services with BTC is Bitcoin ATMs. Bitcoin ATMs allow you to buy bitcoin and also sell BTC for cash. There over 2,000 Bitcoin ATMs in the USA.
Bitccoin Millionaires
There are many inspirational stories the prompt people to learn more about BTC. A lot of BTC millionaires and billionaires were early adopters and probably obtained bitcoin was worth a couple of cents.
Actually, the inventor of bitcoin, Satoshi Nakamoto, has become one of the wealthiest man/woman alive, was his/her wealth is estimated at $8.8 billion in 2020. Another example is Erik Finman, who is famous for being a teenage millionaire, who bought BTC for $1,000 and earned $4.8 million.
Among other millionaires are Tyler and Cameron Winklevoss that have amassed a great wealth of $900 million. There are many other success stories that have shown that people can make a fortune by investing in BTC. However, it's not too late to invest in BTC, and today, there are also plenty of opportunities to obtain BTC on trustworthy online trading platforms.
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A reliable trading platform where you can potentially earn a return on investment of up to 300% is the Bitcoin System. The Bitcoin System is a great choice for beginners because it is powered by AI trading algorithms, and it has a 90% accuracy level. Therefore there's less risk involved than in manual trading.
If you want to register on the site, you just need a deposit of at least $250, and you can start trading right away. When it comes to the usability of the site, it is easy to navigate, and plus, another advantage is that there's a mobile app you can download.
Bitcoing Halving
Whenever the halving occurs, there's greater media attention regarding bitcoin. First, let's explain what bitcoin halving is. Bitcoin halving is an event that happens approximately every four years, and it reduces the block reward the miners get in half. But, also, if you look at the price history of bitcoin, the price spikes when there’s a halving.
As a matter of fact, when the first halving took place, the price of BTC reached $11. But, just in a span of a year, bitcoin was worth $1,124. This also the first time the price increased substantially. It should be noted that since 2013, there were times where the price has fluctuated significantly. Most notably, in 2018, it had reached its highest level (before it dropped again) of $17,900.
Now in 2020, the price remained relatively stable, and when the halving actually happened in May, it rose to $9,999.93. Months before the halving even occurred, the price remained in this range between $10,630.37and $8,784.96. But later this year the price has increased significantly.
In fact, in November, the price soared again and peaked at $15,374.04. And although no one can know for sure, it is predicted that the price will increase even further by the end of the year to reach $19,044. So, it's unsurprising that this is another reason why people are looking to invest in BTC.
Final Thoughts
Bitcoin, as a digital cryptocurrency, has affected the global monetary system tremendously. Hence, there's also great awareness about cryptocurrencies in general as other alternative payment options. What's more, a lot of people think that the future of money is cryptocurrencies, which is why a lot of individuals want to invest as they see it as an investment in their own future.
