In recent times, Bitcoin has been in the limelight as its value had surged many folds from when it was first introduced. This exponential surge has grappled many investors to invest in cryptocurrency. Numerous leading executives have commented on Bitcoin’s recent performance and growing popularity among the masses.
In an interview, the CEO of BRD Adam Traidman, which is a crypto wallet company, stated that what’s interesting about cryptocurrency and Bitcoin is that it’s a very global type of movement.
He compared both conventional trading that has been going on for decades and the trading of Bitcoin/cryptocurrency. He mentioned that Wall Street goes to sleep at night and stops trading after a few hours, whereas blockchain geeks are up around the world trading their crypto assets and making money.
Adam Traidman further stated that people are not used to the idea of investing thousands of dollars using their phones; it does not seem tangible – whereas banks have been the norm for many years, so people are used to them. This is one of the reasons why some investors still oppose the idea of investing in blockchain and cryptocurrency. They argue that these are “volatile” assets, and their worth will die down with time.
However, due to the internet and the buzz around cryptocurrency, people are getting used to this unconventional type of trading – making a considerable amount of money every day. Even though Bitcoin stands at around 57 thousand dollars which is a big investment at this point for small retailers, but many businessmen are spending their money on buying Bitcoins and other cryptocurrencies- a decision that has been successful in term of return revenue as the worth of these coins has increased exponentially.
Even with the attractive opportunity of making money, buying a small portion of Bitcoin is a hefty task itself as the prices have surged higher; people who are just starting out are buying alternative coins as they are unable to afford Bitcoin at this point. On the other hand, despite the prices hiking up every day, some experts argue that cryptocurrency is here for a longer period of time, so much so that even the biggest names in the finance world will have to buy into cryptocurrency at some point in the foreseeable future.
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