A few years back, most people considered bitcoins to be an irrelevant technology that wouldn’t amount to anything in the long run. Looking at the cost of bitcoins a few years back, any prospective bitcoin buyer would purchase these coins at throwaway prices. For a few pennies, you could get yourself a considerable amount of bitcoins. 2017 has seen bitcoin perform exceptionally, in fact, it has outperformed all other cryptocurrencies such as Ethereum and Litecoin.
The financial and investment life was in shock when Bitcoin surpassed the $10,000 mark. In as much as the cryptocurrency has had its highs and lows, this year marked the first time the value of bitcoin exceeded $10,000.
Another revelation from statistics recently released show that Bitcoin is mainly traded using the Japanese and Korean currencies. Countries such as South Africa and Estonia are among the counties that are increasingly adopting the use of bitcoin; this has led to a significant increase in the demand of bitcoin in these countries.
Bitcoins are being adopted by nation around the world that are experiencing a financial crisis. The move to adopt bitcoin by countries facing economic uncertainty cements the reputation of this cryptocurrency as the future of financial transactions.
Now that bitcoin’s value is high, the question that most investors and prospective bitcoin buyers ask themselves is whether it is late to invest in the cryptocurrency. One thing that bitcoin buyers need to note is that digital currency has proved to be volatile since its inception. What this means that, even though the currency has recorded superb highs, its value may at one point drop providing a perfect opportunity to but the cryptocurrency.
The Oxford Club is a private company is that specializes in providing detailed investment strategies and tactics to its clients. The Oxford Club has been offering its services to members for over twenty years.
The strategies and tactics provided by the company are aimed at enabling the club’s members to reap maximum turnover from investments made. Over the years, the Oxford Club has been using both tried and tested tactics to guide the investment decisions they make; this has been the driver of its success.
Learn more about the Oxford Club: https://www.crunchbase.com/organization/the-oxford-club