Bitcoin’s network is growing faster than ever. It already has millions of users from around the world and judging from recent events, the network will continue to grow with a massive rate. This cryptocurrency is the most talked-about subject in the financial industry recently.
The reason for that is that it managed to shatter the 2017 record in value and continue to write history with each passing day. As of mid-January, the price for 1 Bitcoin is over $36,000 and many experts believe that Bitcoin has the potential to go as high as $50,000 in value.
Since Bitcoin is at the headlines of news around the world these days, we decided to name a few interesting facts about this cryptocurrency. You might be already familiar with some of them, but some are very surprising and quite interesting Let’s check them out.
Trade Sites Are Actually Helping You
In case you didn’t know, trade sites are the platforms where Bitcoin traders sell the cryptocurrency and make money off of it. Not only that, but these sites actually help you by letting you know when is the best time to sell Bitcoins. How? Let us explain.
Let’s take one of the most reputable trade sites as an example. Bitcoin Digital is a platform that uses the latest AI software to predict the future price of 1 Bitcoin. It collects the data on the market and analyzes it, thus making very precise predictions. The daily profitability rate on this platform is huge, which is why it counts thousands of users from all around the world.
Knowing when to sell your Bitcoins is of massive help because this cryptocurrency has a very high volatility rate. That means that the price of 1 Bitcoin fluctuates often and in most cases, changes from day to day. By having this intel, you can maximize your profits.
Many Celebrities Have Invested In Bitcoin
Bitcoin is not popular by the common folk only. Its potential caught the radar of many celebrities who had the money to invest and make a profit in it. These celebrities have paid millions of dollars in hopes that their profit will be much bigger.
Some names that deserve a mention are Bill Gates, Elon Musk, Kanye West, Logic, 50 Cent, and Serena Williams. The most recent one is Logic; after a suggestion by a friend, the retired rapper has invested $6 million a few months ago. Judging from Bitcoin’s value now, Bobby Tarantino has made a fortune.
Global Brands Are Starting to Accept Bitcoin as a Payment Method
Speaking of celebrities and widely-known names, many global brands acknowledged the fact that millions of people use Bitcoin. That is why they decided to include Bitcoin on the list of accepted payment methods.
Some of the names that stick out are Windows, Starbucks, AT&T, Wikipedia, and Expedia. All of these companies are global brands and due to the fact that they accept Bitcoin, they help in the process of making the cryptocurrency more stable and more accepted. Its acceptance also makes the value go high.
Experts Have A Bold Prediction About Its Future
Not only does Bitcoin hold many advantages over the FIAT currencies, but it also holds advantages other cryptocurrencies. It is far more stable, more valuable, etc. Thanks to its popularity and superiority, many experts believe that Bitcoin has the potential to become the global universal payment method.
As we stated at the beginning of this article, millions of people already use this cryptocurrency and the network will continue to grow. It is believed that a majority of the world’s population will use it in the future, thus forcing governments to make it an official global payment method.
It Is the Safest Payment Method
Speaking of advantages and superiority, one of the biggest benefits that users gain by using it is the increased level of online security. You can thank Bitcoin’s cryptography for that. This technology hides all of the sensitive information by using codes and making it impossible for scammers and hackers to gain access. With the cryptology, users gain a certain level of anonymity in the online world.
Another interesting fact is that even though Bitcoin is a digital currency, it has never been hacked.