With a price of $ 1,263, which corresponds to an annual increase of 27 percent, on March 2, 2017, Bitcoin was worth more than one ounce of gold for the first time in its history, which was trading at around $ 1,230 at that time.
A major reason for the boost was speculation that the SEC would approve the first Bitcoin ETF. The green light on the part of the financial authorities would have completely changed trading in Bitcoin, especially since funds or ETFs would have given significantly more investors access to the cryptocurrency. Sobering followed on when the Securities and Exchange Commission denied the Winklevoss brothers permission to launch the planned Bitcoin ETF.
Price forecasts for stocks and Bitcoin are always a bit like coffee grounds reading. And according to many experts, this perspective looks very good. Because bitcoin is gradually entering the mass market from the area of early adopters, which also entails an establishment in the real economy.
Bitcoin Digital Currency Illustration
According to rumors from Silicon Valley, it could even be the e-commerce giant Amazon, which was partly responsible for the massive increase in Bitcoin and will continue to be so in the future. Should Amazon actually accept the Bitcoin as a means of payment, this could underpin the Bitcoin price, detached from the current price fantasy, with further real growth in the masses. In this regard, there is again growth potential above all in Asia and in countries such as Venezuela, where bitcoin is already an everyday protection against inflation.
Price forecasts for stocks and Bitcoin are always a bit like coffee grounds reading. And according to many experts, this perspective looks very good. Because bitcoin is gradually entering the mass market from the area of early adopters, which also entails an establishment in the real economy.
Bitcoin Digital Currency Illustration
According to rumors from Silicon Valley, it could even be the e-commerce giant Amazon, which was partly responsible for the massive increase in Bitcoin and will continue to be so in the future. Should Amazon actually accept the Bitcoin as a means of payment, this could underpin the Bitcoin price, detached from the current price fantasy, with further real growth in the masses. In this regard, there is again growth potential above all in Asia and in countries such as Venezuela, where bitcoin is already an everyday protection against inflation.
With Bitcoin, Anyone Can Open An Account On A Mobile Phone
If you do not like the account management fee, Bitcoin does not require a bank, so Bitcoin is the right place for you. You can quickly send Bitcoin around the world without having to open a bank account. This is especially interesting in countries with poor infrastructure, where it is often difficult to open an account at a bank, making it very difficult for people to live. More detail can be finding at https://bitcoin-pro.live
Bitcoin Enables Fast And Cheap International Money Transfers
Unlike banks, Bitcoin does not distinguish whether the recipient of the transaction is in Germany or abroad. Therefore, foreign remittance or “remittance” using Bitcoin is very cheap. You pay only normal bitcoin transaction fees, usually in the range of one penny. Also, transactions usually take 10 minutes to complete.
You Can Pay Someone Anonymously
Not everyone wants to be an open book, and each remittance does not have to be openly accessible to the bank. Bitcoin is also useful here, as bitcoin transactions are much more anonymous than traditional bank transfers.
Can Estimate The Cost Increase
The rise in bitcoin prices over the past decade has been ridiculous, and some of the first cryptocurrency owners have naturally become rich overnight. Guessing about the new explosion in exchange rates, most people buy bitcoin and then sell it to someone else at a high dollar rate. This is completely ridiculous, but greed eats the brain. So overcome these worry and can do transaction in bitcoin.
Today, there are also alternative currencies for many of the features described here that can be used in place of bitcoin, or better in some respects than bitcoin.
Bitcoin offers relatively weak pseudo-anonymity, whereas cryptocurrencies offer excellent and much more secure anonymity.
