Frequently, mass adoption of Bitcoin is a topic that almost all members of the Bitcoin community show more concern. This article is all about mass adoption of Bitcoin and what the world leaders are saying and why they are embracing it.
The fact from the very beginning remains that Bitcoin would at the end become a great thing and of course the mainstream of all businesses.
The increase in the demand for Bitcoin is no longer a thing of deliberation as more and more businesses open great opportunities for this currency usage.
By now, it’s evident that the prophesied of mass adoption of Bitcoin is here without a ray of doubt. While some people are still asking if Bitcoin is really a market worth trading, the current trends of the currency fluctuation will leave that question really insane.
In this article you, I will take you through the new trend in Bitcoin market and what the world leaders are saying about this new era of Bitcoin. You will watch a YouTube video of what the rich and famous people of the world are saying about this great crypto coin.
The Rise in Bitcoin Pricing After The Split
Back in 2013, when cryptocurrency was still experiencing great media coverage along with unknown or unprecedented growth in the Bitcoin price, a lot of people was still it to receive a global recognition just in few years ahead and that time is now.
While the Bitcoin development community welcomed a software upgrade “SegWit2x” which aim aimed to increase the transaction capacity of the network, some people were in doubt and they tried to avoid the split of the currency but, of course, the dream wasn’t a futile one.
For the first time after the split, Bitcoin's price climbed over $5,000 with Market CAP $76.4B, high price $4912.84, a low price $952.68, the total supply of 16.5M and a total block of 483372. Isn’t this amazing?
When is The Best Time to Invest in Bitcoin?
Now let us see the different trends of the skyrocket prices in the past few months after the split.
Between June 30th,–July 31st, the prices of Bitcoin was regulating between $2483.50 and $2839.18. However, the month of August;
Between July 31st,-September 1st, the prices of Bitcoin after the split has experienced the greatest height regulating between $2839.18 and $4912.84.
By September 1st and 2nd, the price of Bitcoin climbed above $5,000 and the prophecy remains that the price of Bitcoin in the nearest future remains limitless but unknown yet. This information is from CoinDesk on the Bitcoin Price Index (BPI).
Whatever you’re thinking now is the best time to get involved in the Bitcoin market. I call it an insane question if anyone still asks at this point if Bitcoin is worth investing on or if it’ll be globally accepted for transactions.
It already has become a major mainstream for most online marketers as a means of commission or benefit for service rendered. The era of Bitcoin's mass adoption is now- not the next year and, it’s time to take your chance.
Why You Should Invest In Bitcoin
At this point, almost everybody has heard about Bitcoin or simply know little or much about it since it rose so high and dominates the headlines. However, you may still be wondering why you should invest in Bitcoin at this high rate or if it’s late to join the moving boat.
Here’s the catch I want you to hold onto first- until the price of Bitcoin hits $10,000 you aren’t late at all. The exponential growth of the Bitcoin market and price remains unprecedented and, of course, you can get involved anytime.
Below are some reasons why you should get involved and invest in Bitcoin now:
- Bitcoin is unstoppable.
- Because of its mass adoption.
- Because of its Halving Protocol.
- Bitcoin is very safe or secured.
- The transaction of Bitcoin is very easy.
- Bitcoin has a low inflation risk.
- It’s appreciating value.
- Bitcoin is flexible.
- It’s very simple and the transactions are very fast.
- The trading or purchase of Bitcoin isn’t taxed.
Among many other reasons why you should invest in Bitcoin, the above listed should be the basics. Bitcoin growth is unstoppable and in fact, its mass adoption by merchants as payment methods, more money markets investing from different places and more advocates.
For the first few years of Bitcoin existence, it was only used or permitted as a means of private exchange but the story is different today and should be a lesson drawn from the mass adoption and general usage.
And the most interesting part of this digital coin is that it can’t be changed, hacked or manipulated and since they are digital, they can’t be copied or counterfeited.
You can send and receive money anywhere and anytime around the globe with Bitcoin and it eradicates one of the biggest problems with the current currency “dollar” or other currencies around the world which is inflation.
Also, the fact that the purchases of Bitcoin aren’t taxed is another added advantage for Bitcoin traders.
Now, instead of being highly volatile as experienced in its early stages, it has attained a steady growth rate over the past few months and stabilized with daily steady growth.
Different Ways to Earn Bitcoin
- You can earn Bitcoin as a regular income
- You can earn freely by simply completing some online tasks
- Accepting them as a means of payment
- You can earn from interest payments
- Earn from mining
- You can earn through trading
- You can earn Bitcoin as a tip for wonderful services rendered
Also, many people also earn Bitcoin through gambling although not recommended.
What The Rich, Famous and World Leaders are Saying about Bitcoin | YouTube
What is your take on the current mass adoption of Bitcoin by many people around the world and what the famous, world leaders and the rich are saying about it?
The instabilities or you call it fluctuation in Bitcoin price may scare many from embracing Bitcoin now.
Are you still thinking if it’s the right time to invest in Bitcoin? There is no right or wrong time, the best time is now, there are many ways to deal with Bitcoin, you can buy Bitcoin and hold for as long as you can or buy and reselling as the price appreciates.
The good news is that mass adoption of Bitcoin and why the world leaders are now accepting, and embracing it is improving the pricing lately.
You can make a lot of margins most especially if you are buying and reselling one of my favorite website for that is the LocalBitcoin, where you can trade Bitcoin with your local currency, no matter where you are in the world.
Formal President Obama on Bitcoin Encryption Without Key | YouTube