This is a guest post submitted on CryptoTapas.
Majority of investors are worried about bitcoins growth due to its current market value. Actually, the sluggish performance opposes the good news about its huge growth in the near future. Experts say that the current price appears to be the inaccurate indicator of its expected market potential. However, there is no need to worry about your long-term investments. Yeah! There are few potential reasons that show bitcoin will keep on growing in the competitive market. Go through the article below to know more in this regard.
Top 10 reasons why Bitcoin will outperform the competition:
Here we have listed the top 10 reasons that prove Bitcoin as one of the most profitable investments in the cryptocurrency world:
1. Increasing traffic on bitcoin sites
Most of the bitcoin-related websites these days are showing massive growth in terms of visitors count; this fact is true for many big giants such as coinbase.com, Blockchain.info, Coindesk.com, Bitcointalk.org, and Cointelegraph.com, etc. The high rise in traffic reveals increasing popularity of this currency among investments. We can expect more growth among investors count in coming future.
2. Rise in bitcoin transactions
A few years ago, people were often seen complaining about bitcoin hoarders, but the trend has revolutionized these days. Many big brands in the business industry started accepting bitcoins for regular transactions. Some of the best examples are Dish and Dell that brought bitcoin transactions into the spotlight.
3. Mainstream coverage in the market
This digital currency was not accepted by mainstream sites for the long run; either they didn’t share any news about Bitcoin, or they created a negative environment in the market. But the coverage started following Bitcoin these days and most of the popular websites like Forbes, Entrepreneur, USA Today and Business, etc. started talking about this cryptocurrency. It has now created positive influence in the market that will definitely increase the overall value of the currency for coming future.
4. Social media hotspot
It is well proven that in today’s competitive world, social media drives the business industry. The same is true for the popularity of cryptocurrencies as well. Social media helps to set positive vibes about investing in Bitcoin, and it has now started becoming a hotspot on most such platforms. Stats reveal that Twitter had more than 550,000 tweets about Bitcoin in the past 30 days. The graph is increasing with each passing day, and investors consider it a positive sign for bitcoin to outperform competition.
5. Bitcoin activity on Exchanges
How can we forget to talk about exchanges? In every country, exchanges work like the foundation of bitcoin activity. A few years ago, lesser number of exchanges were focused around Bitcoin, but the adoption rate has increased with time. The health of Bitcoin in almost every country is improving now, and it is attracting more investors to focus on Bitcoin. The scenario is positive in most countries including US, China, Belgium, and Russia as well.
6. Venture capital funding
Stats reveal the impressive performance of Bitcoin in the business industry for the current year. The rising number of bitcoin businesses and increasing venture capital may lead to a valuable impact on the Bitcoin market. Venture capital brings new connections and advises with it, and such updates are more useful for the future growth of this cryptocurrency. Businesses are going to help in growth of Bitcoin infrastructure, and with time, this currency will become easier to sell and buy. Venture capital funding will ensure positive returns with easy investment opportunities in near future.
7. Clarity on regulations
Although we always hear that bitcoin can work independent of government regulations as it is a decentralized network, there is something important to know about clarity on regulations. As most governments around the world are talking more about bitcoin adoption, it has created a buzz in the market. People have now become more familiar with Cryptocurrency, and they are finding wider stage for its adoption. Studies reveal that clarity on bitcoin regulations is an important concern for venture capitalists and other businesses. It is always good to know whether government is in favor of your business or not. Few countries such as Japan have given negative response for regulation of bitcoin; others are making efforts for fast approval to regulation. The latest updates for the same have been received from US Federal regulator and NY State.
8. Introduction to new financial tools
Well, the great news for investors is that Exchanges have now taken a step ahead to add new products and services so that people can find easy options for trading. Although this addition may create controversies for some time, these new tools and products are expected to enhance the flow of Bitcoin in the market. It will naturally improve the trading opportunities for the currency and ensure huge growth in the future.
9. Rise of new bitcoin communities
It is good to know that Bitcoin is now expanding over the world. The grassroot communities these days are working hard to build Bitcoin infrastructure in the market. With the changing scenario, it has now introduced new people to the Bitcoin industry. It seems like the seeds have been planted now and it will show dramatic growth in the near future. The cryptocurrency driven network will sustain in the market for long run.
10. Companies are in search of new talent
The bitcoin companies around the world these days are looking for new talent to ensure growth in the competitive market. Experts believe that new talent is expected to bring connections, knowledge, experience, and legitimacy to the bitcoin market. Many big business tycoons are showing their interest in bitcoin industry; the Silicon Valley veterans and jumping into crypto world. All these aspects show how influential the bitcoin market can be in near future. The Bitcoin movement is expected to change the world by providing new investment and growth opportunities.
With all such positive factors, we can say that bitcoin will definitely outperform in the competitive market, and it will ensure great returns to the investors in the coming years.
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