As the first ever decentralized, encrypted and distributed global currency, Bitcoin (BTC) has reached a significant milestone and towards the end of 2017 its price even crossed $10,000. The news made it headlines and made more people aware about a digital currency that also inspired the birth of other crypto-currencies such as Litecoin and Ethereum.People who actively invest in gold and foreign currencies have also started investing in Bitcoin and those who were unaware of its existence wonder if they are too late to start. The answer however is that this is only the start of a movement that is expected to go only further. There are not yet too many Bitcoin evangelists in world.
And therefore, the ones who now plan to begin investment can get their hands on the currency by taking BTC loans.An investment made at this stage can prove to be profitable in years ahead. The people who started buying or borrowing BTC earlier have generally gained from it. Its market performance as an investment tool has been bright and it outperformed several other assets and stock index.
Indeed, hardcore Bitcoin enthusiasts go a step beyond this and they claim that finance regulating authorities and large multi-national corporations have some deeply vested interests in discouraging people from investing in the crypto-currency. This is probably because, the very existence of the technology – blockchain- that creates Bitcoin represents a very disruptive or even existential threat to their business models.Why do they think so? It’s largely because blockchain at some stage may have the potential to automate many of their core activities as financial intermediaries through distributed and encrypted systems.
Is it only a bubble?The price of Bitcoin increased because some people started buying them. As the word spread through social media, people further became aware of its value and began to invest. Consequently, the price went further up. Due to this sudden increase in price, many finance experts began to say that it is only a bubble and price will slip down to unattractive levels at some point in future.As with any other tradable commodity, prices of Bitcoin do go up and down.
In 2013 many people bought it and the price went up to $1000 for first time. But it soon came down to $300 and stayed there for almost two years. In the last quarter of 2017 the price went over $10000 and currently stands at $13800. This was a huge recovery and appreciation of value.If you wish to make profits from rising price of Bitcoin and do have some stock, you can lend it to other via encrypted third party platforms. There are people looking to borrow this crypto-currency.
The lending and borrowing of Bitcoin happens safely yet anonymously. You do not need to reveal your identity to anyone and can only use user ID and password to complete the transaction.The rising value of Bitcoin will help you to earn a huge interest on your loan. To start now, start your search for a platform.