Making Best Use of Bitcoin
Cryptocurrencies are now ruling the roost globally. The crypto fever is enveloping every investor, business, and company worldwide.
Bitcoin comes at the forefront of crypto dominance. It has a market cap now close to two trillion dollars.
Being the pioneer of cryptocurrencies, it has well-established itself in the crypto market and continues to gain prominence every year.
Carl Runefelt is a global crypto leader and social icon who has invested in more than 360 crypto startups. He is a strong proponent of Bitcoin adoption.
While speaking on his YouTube channel, The Moon, about Bitcoin, he said, “Bitcoin is going up year over year, and in times of uncertainty, we’ve seen that people increasingly turn to Bitcoin as a form of money and store of value because Bitcoin is the only money in the world that has no political attachment. Your bank money can get frozen, or your gold can get confiscated but with Bitcoin, you can literally cross a border with your private keys in your head, and you can travel the world with millions of dollars literally stuck in your brain.
So if you have Bitcoin wealth of your own and wondering how to make the best use of it in daily life then stay tuned, we have written this article for you.
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Eye for the Longterm Investment
When looking to make a heap of money with Bitcoin investment, short-termism is a mindset that you have to get rid of.
When it comes to Bitcoin, always consider investing in Bitcoin as a long-term investment.
Carl Runefelt adds, “Looking at Bitcoin in the short period defeats the purpose of what Bitcoin is. Bitcoin is a long-term solution to a broken financial system, and I think in the next five years or in the next ten years, that’s the kind of time horizon I have when I look at Bitcoin,”
Experts say that despite the intermittent crashes in Bitcoin prices, Bitcoin always manages to rise from the ashes and exceed expectations.
When in doubt, zoom out is what you should remember.
What makes Bitcoin a safe investment for the long term is that its adoption rates are going through the roof. Thousands of companies and businesses are now embracing Bitcoin as a form of payment.
Prominent businesses, Tesla, Microsoft, and Starbucks, couldn’t resist jumping on the bandwagon too.
So in spite of volatility, you should swing for the fences.
Go For Bitcoin Trading
If there is one activity that you can do with Bitcoin for higher returns that is Bitcoin trading.
With this trend touching new highs, you can deposit and use your cryptocurrency as your primary account currency – you can store these funds as Bitcoin in your account.
You get all the transparency and security in the process.
When you will have your worth in denominations of crypto then you wouldn’t have to go running to exchanges for conversions in fiat currency.
Today, there are numerous cheap and safe transfer facilities regardless of your location.
Once you get into it, you can adopt intelligent strategies to make a bucketload of money with Bitcoin trading.
Carl Runefelt advises, “You should accumulate at lower levels. So, right now when everything is silent and chilled and going down, I am happily accumulating in peace. Every single altcoin out there has been going down like crazy in the last three months, and that is a fantastic opportunity to pick up some cheap prices because, in the next bull run, you will be the winner if you bought when everyone else was not buying.”
Pay with Bitcoin
Why do you limit yourself; widen your imagination with crypto.
Nowadays, you can follow the trend of paying with Bitcoin at numerous businesses.
For instance, KFC introduced its Bitcoin Bucket where customers paid online and got it delivered to their residences.
One of the most prominent US companies, AT&T, accepts all of its services through BitPay as payment for crypto.
Nowadays, you name any industry and Bitcoin would have made inroads there. Airlines, restaurants, food chains, automotive, you name it. Bitcoin’s acceptance has only reached new heights with every passing year.
Crypto leader Carl Runefelt while purchasing a Bugatti with altcoin, Ethereum, said, “I am not going to go to any car dealership that doesn’t accept crypto, and that’s kind of a principle I have today.” There are thousands of people who are now following the footsteps of Carl Runefelt, paying with Bitcoin and altcoins to make purchases.