Bitcoin has often been termed as digital gold by millennial. It’s one of the most popular cryptocurrency worldwide. Actually, most people nowadays are associating Bitcoin word with Cryptocurrency. Today, Bitcoin is endorsed by many governments worldwide, and an increased number of people are looking to invest in BTC.
Pay for Goods and Services
There’s a great number of organisations and companies that accept payments in BTC. Day by day, that number is expected to rise consistently. In future, consumers might have even more choices to pay in BTC over e-commerce websites and stores.
Among the companies that accept payments in BTC as of now in US are Microsoft, Etsy, Rakuten, Burger King, Papa John’s etc. It’s also interesting to note that you can make a donation to nonprofit organisations like WikiLeaks, WikiPedia etc in BTC.
Also, Bitcoin ATM’s in US have made it more convenient to buy products and services with BTC in Bitcoin ATM’s. It allows you to buy with BTC and also sell BTC for cash. Currently there are more than 2000 ATM’s in US.
There are many inspirational stores of people who had learnt about BTC beforehand and today they have become millionaires and billionaires. Mostly, those people were the early adopters of BTC and they acquired it when it was worth a few cents.
The anonymous inventor of Bitcoin, Satoshi Nakamoto is one of the wealthiest person alive whose net wealth is estimated at more than $10 Billion is 2020.
Another reason for the price hike of BTC is known as Bitcoin Halving. Generally, after every 4 years, the supply of Bitcoin get’s halved. We have written an entire article on how Bitcoin is mined and how new one’s are created. It’s an interesting concept of supply and demand which triggers bull run.
That was all for this article, I hope after reading this you will find it curious to get started with BTC trading and hodling. You should read others posts also which we have written on Bitcoin Investment Strategies.