Bitcoin During the Economic Crisis

Posted on by Maggie

Bitcoin is thriving despite the global pandemic. In 2020, it reached new highs while conventional financial institutions were struggling. By 2021, it had risen to $30,000. This turbulent period has shown that Bitcoin can thrive during a recession for surprising reasons.

Bitcoin did not only emerge as the opposite of centralized banking. It was created in response to the financial crisis of 2008. The Bitcoin blockchain is inherently diversified, as any computer on the network can verify the transactions.  The cryptocurrency is not tied to any specific location, or institution, and it may not be overseen by governments. At the same time, it has gone mainstream, as you can buy bitcoin with credit card on secure exchanges. read more

10 Top Investment Sites

Posted on by Maggie

Do you want to invest like a pro? Discover the best sources of information on the internet. These platforms cater to different categories of users. Whether you are keen on crypto or stick to conventional assets, you will find a wealth of reliable data on:

  1. Motley Fool Stock Advisor

This website is tailored to the needs of individual stock buyers, both beginners and pros. Subscribe to gain access to top investment ideas. Two new picks are presented monthly. Some stocks chosen by the staff have outperformed the S&P 500 by over 500%!  read more

How to Find the Best Site for Cryptocurrency Investment

Posted on by Maggie

The crypto market is booming. Thanks to the ongoing institutional adoption and support from high-profile investors, Bitcoin and altcoins have entered the mainstream. However, with over 5,000 coins available, investment decisions are not easy. Investment websites provide a wealth of information for beginners and pros. Here is how to choose a reliable exchange and source of market insights. 

Choosing a Site

Most of these platforms are also exchanges, which makes security your primary concern. The website must be protected from cyberattacks. Cryptocurrency transactions are anonymous, but hacking may still have serious ramifications. You should consider: read more

How Bitcoin Price Changed During the Pandemic

Posted on by Maggie

In 2020, while the pandemic was wreaking havoc on economic systems around the world, the crypto market experienced a boom. Bitcoin surged in spite of the things that would normally make investors risk-averse. Here’s a look at its dynamics during the first year of the pandemic.

Incredible Surge

In mid-March, when the pandemic was declared, Bitcoin was at its year-low (US$4,748). By the end of 2020, it had risen to almost US$30,000. This spectacular growth was making headlines daily and pushing the prices of altcoins up. So, what drove this impressive appreciation? Is it any different from the bubble of 2017, when the price grew 20-fold to under $20,000 and subsequently fell back to $3,000? read more

When Did Cryptocurrencies Become a Payment Method?

Posted on by Maggie

In 2020, the cryptocurrency market started booming. As institutional adoption is accelerating, crypto payments are accepted by more businesses than ever. But when did it start?

International finance is evolving rapidly, as it is fueled by blockchain, AI, fintech, and mobile devices. By 2022, global e-commerce is projected to reach $5.69 trillion. As the online marketplace is expanding, the future belongs to companies that embrace innovation.

Resistance to Change

Despite the development of retail in recent years, its payment systems have been largely static. Debit and credit cards account for the majority of transactions. Cryptocurrencies offer new benefits, so more and more enterprises recognize their value.  read more