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How the Bitcoin Landscape is Shaping Up in 2018?

By February 15, 2018 No Comments

Google announced the term “Bitcoin” to be one of the most trending searches in 2017 — a proof that it has piqued the interests of a majority of global population who took to Google to find out what it is, how it works, and most importantly, how to make money off it. With the meteoric price rise of the digital currency from less than $1,000 per coin on January 1, 2017, to more than $18,000 per coin by December 2017, some people certainly did make a fortune over the last year.
As believed by some of the world’s most celebrated investment experts, the superstardom of Bitcoin in 2017 will be noticeably overshadowed in 2018, as the digital currency is set for a dream run this year to reach even greater heights. Various studies and predictions are also favouring the cryptocurrency greatly, suggesting that Bitcoin would most likely be one of the safest high-worth investment this year. Illustrated below are some of the key factors that are shaping up the Bitcoin landscape in 2018.
Accessibility of Bitcoin Is on the Rise
Back in 2009, the beginnings of Bitcoin was somewhat modest, as it is often with most ground-breaking ideas. The transactions were complicated, and it was difficult to obtain, transfer, or store the coins safely. At that point in time, only the tech-savvy and those associated with the financial market could transact the coins, but today, the environment has changed dramatically. Reputed cruptocurrency exchanges like Belfrics offer a fully secure and an easy-to-use interface that makes it possible for practically anyone to buy, sell, and store Bitcoins in a safe and simple manner.
Regulatory Oversight and Institutionalized Funding
2018, as it appears, will be the year when government and regulatory bodies would enforce the much-needed regulations, conduct oversight, and invest billions into the cryptocurrency space to make the emerging currency market more transparent and secure for investors. As new regulations are being enforced, big financial institutions around the world are becoming more invested in the new currency, which will expand its scope, and rapidly make it a widely accepted payment system across the globe.
The Demand for Disruptive Investment Options Is on the Rise
Public trust in traditional monetary systems and banks has nosedived, following the global financial crisis and the devastating collapse of stock markets in many countries. Those responsible for the collapse have minted billions of dollars through bailouts, leaving the retail investors in a sorry state of affairs. This is increasingly sparking the demand for safe and transparent investment options. Bitcoin, backed by the world’s leading software platform for digital assets, Blockchain, is the answer. The revolutionary Blockchain technology uses cryptography to enable tight financial security for cryptocurrencies, thereby, disrupting the old, inefficient monetary systems.
Disruption Is the New World Order
The 21st century marks a new dawn for revolution, disruption, deconstruction, and transformation. Today, the world is moving at the speed of technology, which, in fact, is driving various disruptions that are shattering the traditional ‘comfort zone’ of many industries. From Amazon to Airbnb, Uber to Netflix, Snapchat to WhatsApp, and Instagram, the change is evident everywhere. Bitcoin will very soon attain similar feats in the global financial industry, and sensing that, there are already tremors across the banking sector, with an increasing number of banks scurrying to develop more transparent systems that give power back to investors and individuals. With the successful rise of cryptocurrencies in the past few years, now it won’t be an overstatement to say that Bitcoin is perfectly positioned to disrupt the world’s financial landscape.
The World Is Increasingly Adopting Cryptocurrencies
One of the most encouraging factors that is fuelling the growth of Bitcoin is its far-flung adoption across the globe. It is mainly due to the diminishing value of paper currencies in many inflation-hit countries that are reeling under huge debts. An increasing number of people from these countries, in order to hedge their savings against inflation, are parking their money with Bitcoins, which offers an opportunity to easily exchange the coins for FIAT currencies like the US dollars. This is forcing governments and legal bodies in many countries to adopt Bitcoin as a valid currency, radically increasing its acceptance as a valid payment system.
Conclusion
Being at the forefront of the cryptocurrency revolution, Belfrics believes that it’s only a matter of time before the world wholeheartedly adopts this growing digital trend for financial transactions. With the tightening of regulations awaited in 2018, the adoption of cryptocurrencies will heighten throughout the world, making Bitcoin the future of the global monetary system.
Sign up today to start exploring the world of Bitcoins with Belfrics!

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