Kingpin Bitcoin
game-changing cryptocurrency
Unlike fiat currencies from different countries, Bitcoin is not bound by central bank rules. Its decentralized structure has set the stage for a separate financial ecosystem. Blockchain technology offers numerous benefits in terms of security, utility, and, of course, the freedom of exchange and conversion.
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Statistical overview
  • As of 2024, Bitcoin’s price reached an all-time high, surpassing $81,000 in November in light of the US presidential elections. Its previous peak was $69,000 at the end of 2021.
  • Matrixport analysts released a new report forecasting Bitcoin’s growth in the coming years. Experts suggest that by the end of 2024, the cryptocurrency could skyrocket $125,000.
  • Analysts at Bernstein Bank have reaffirmed their previous forecast for Bitcoin to reach $150,000 by the end of 2025. It means that the professional community shares optimism about Bitcoin’s future.
Scope of use
The Internet’s influence on global commerce grows by leaps and bounds year after year. Therefore, more sellers and buyers interact online. Hence, they need reliable ways to settle payments. Although multi-currency bank cards are an option, they come with high fees, bank restrictions, conversion issues, and more.
Bitcoin has become the ideal solution suitable for both retail shoppers and large corporations making online purchases.
Here is a list of key advantages of using Bitcoin, underscoring its potential for the bull market:
  • Security and anonymity guarantee
  • Adoption by mega-corporations (such as Tesla) for deposits
  • Suitable as a tradeable asset with active trading markets
  • Impossible to counterfeit as a payment method
Increasing trust
In 2022, the International Monetary Fund (IMF) acknowledged that cryptocurrencies increasingly correlate with the stock market, meaning that the crypto market has become influenced by traditional markets as large institutional investors and global hedge funds have entered the crypto industry.
Analysts note that amid waning inflation in the US in 2024, the Federal Reserve has to lower interest rates, potentially pushing Bitcoin to new highs in 2024 on the back of geopolitical events.
In January 2024, the US Security and Exchange Commission greenlighted spot-based Bitcoin ETFs. Issuers of these ETFs include investment giants such as BlackRock, Fidelity, Ark Investment Management, and Valkyrie, along with other major institutional investors.
How to earn on Bitcoin
The secrets to successful Bitcoin trading vary significantly depending on a trader’s style and strategy. At InstaForex, you can use any style for the utmost advantage:
Trend trading
This strategy requires careful market analysis and the ability to recognize and confirm trends. Our library offers up-to-date analytics for precise and well-informed decisions
Scalping
Successful scalping requires a deep insight into the market, analytical skills, and quick thinking. InstaForex provides a platform suited for rapid transactions
Hold
Buy anвd hold Bitcoin at InstaForex betting on price growth under the most favorable conditions. You are always certain about the security of your crypto assets thanks to a multi-level security system
How to safeguard your funds against risks
As the industry grows, so do its potential risks. The security of cryptocurrency storage deserves special attention. The popularity of crypto has attracted scammers and hackers, making the choice of a trading platform an essential factor in protecting your assets.
InstaForex
Let us introduce a platform designed by InstaFintech Group. The holding company has specialized in developing financial products with advanced information security for over 16 years. More than 7,000,000 clients worldwide trust us with their data and capital
Prospects for Bitcoin growth
Durability:
Unlike physical cash, Bitcoin cannot be destroyed and is more resilient than fiat currencies and precious metals
Availability:
All you need to access BTC assets from anywhere is an Internet connection and private keys
Scalability:
Each BTC can be divided into 100,000,000 satoshis, allowing users to conduct transactions of any size
Fungibility:
Bitcoin can be used to exchange value with other users globally
Scarcity:
There are only 21,000,000 BTC, with millions already lost forever. Bitcoin’s supply is much more limited than inflationary fiat currencies whose supply increases over time
Recognition:
BTC is widely used by individuals and businesses as a payment method, and the blockchain industry is still evolving
Bitcoin: reserve asset of 21st century
Act while the bullish trend is going on!
Bitcoin has already soared by 330% over the last 14 months. The catalysts are steady capital inflow into US Bitcoin ETFs and overall improvement in global financial markets.
As the first cryptocurrency, Bitcoin has firmly established itself as a benchmark, similar to gold in its time. History shows that people always seek a reserve asset in case of economic turmoil. The comprehensive analysis and expert opinions confirm that Bitcoin is on track to become the reserve currency of the 21st century.
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