Now that we are welcoming a new year, for sure, many of you have their respective resolutions. Among others, one thing that you must aim to do this 2019 is to consider alternative investments with attractive yields. Among others, one of the best to consider is bitcoin. In the rest of this post, we’ll list down some of the reasons why it holds a lot of promise.
- Multiple Ways to Earn Money
There are many ways by which you can earn money from bitcoin, the most popular would be through buying it at a lower price, waiting for the price to go up, and finally selling it once the market is up. Aside from the actual act of trading, you can also host a bitcoin ATM and earn extra money without the need to invest in an additional space. If you have an existing convenience store, hotel, gas station, restaurant, or any other establishment, this is an attractive way to earn more money.
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- Regaining Dominance in 2019
2018 may not exactly be the best year for bitcoin. 2019, on the other hand, will be a different story. In one article from Forbes, it has been reiterated that this year, bitcoin will regain an upper hand in the market for cryptocurrencies. To be specific, it is said that by the end of the year, bitcoin will represent 2/3 of the capitalization in the market. However, to be fair, it should also be noted that mass acceptance is still a far-fetched feat for cryptocurrencies in general, which is one of the many factors limiting the success of bitcoin.
- More Lenient Financial Regulations
It is also expected that there will be a more defined regulatory movement in 2019, which will improve the performance of bitcoin. Those who have initial hesitations in investing in bitcoin might just change their mind as governments and financial institutions around the world consider its existence. More so, there will be regulatory frameworks in place to provide investors with peace of mind.
- Big Companies are Following
If you still need reasons to be convinced to invest in bitcoins, it will be good to know that there are also big companies realizing the potential of bitcoins, which is why they are putting their financial resources into such cryptocurrency. For instance, Goldman Sachs has been building a trading platform for bitcoin. Initially, they plan to spend up to $50 million in support of a startup that will allow the company to enter the bitcoin market. If they trust bitcoin, there is no reason for you to doubt its potential.
With the things that have been mentioned above, it is pretty clear that bitcoin will be big this year. It is expected that it will regain dominance of the cryptocurrency market, and hence, this should be on the top of the list if you are looking for alternative investments.