Making Bitcoin More Accessible, It Could Help To Obtain Financial Services
Bitcoin has been the target investment vehicle for quite a long time. Here are the reasons. Are you contemplating the ultimate jump?
Here Is The Account Of Bitcoin Helping The Financial Services
Delivering the ability to access various markets in an easy and accessible way is the blockchain tech-backed platform.
After months of stability, the price of Bitcoin has recently shot up. With realised volatility falling to its lowest in three years by mid-July, in April and May trading process came in between the narrow range of $9,000 and $10,000.
Coinciding with record low-interest rates and an increasingly volatile stock market, the speculation behind the price move has come amid economic uncertainly brought about by the COVID-19 outbreak. Here the relevant question is as it was last seen in 2017, will the recent rebound in the cryptocurrency reflects the start of a price spike.
Actually, coinciding with that of gold is the recent Bitcoin surge.
Suggesting that investors should treat both Bitcoin as well as gold as safe-haven assets during unprecedented market disruption and volatility it also reinforces the point of view some analysts had long since.
The founder and CEO of deVere Group — an independent financial advisory organization Nigel Green had last month mentioned that as investors are flocking to safe-haven assets particularly those not tied to any specific country similar to Bitcoin and gold. He further explains that realising its reputation as a form of digital gold is Bitcoin currently.
Bitcoin which shares its key characteristics of being a store of value and scarcity, could therefore potentially knock gold from its long-held position in the future as the world becomes ever more tech-driven, as up until now gold has been known as the ultimate safe-haven asset.
How Do We Democratise Access To Safe-Haven Investments?
How can everyday household investors begin to capitalise on this trend while the principle of investing in some of these potential safe-haven assets including Bitcoin, gold, or even in the property market is well and good?
Providing the opportunity for both fledgling and experienced participants to invest in assets that are not always easily accessible to understand fortunately new technology platforms and apps have appeared and gained in popularity over the past few years.
These include some well-known examples like
Robinhood allows users to invest in thousands of stocks with as little as $1 using a fractional shares method, perhaps the most well-known out of all the new investor apps. Trades placed during market hours are executed in real-time meaning full transparency on share prices as investors can customise portfolios with pieces of different companies and funds to help reduce risk.
Making it easy for interested investors to dip their toe into Bitcoin is this challenger platform. With cryptocurrency assets up to 50,000 British pounds insured against cyberattacks, with no hidden fees using Ziglu is a fast and simple way to buy and sell crypto.
Helping you find the best available deals from the world’s first gold marketplace in an easy to use the app is the trading technology at Goldex. You know exactly what you get as market prices can be checked in real-time as well as every aspect of the order includes execution price and commission.
LendInvest offers short-term development and buy-to-let mortgages to intermediaries, landlords, and developers across the U.K using technology to create a better loan experience calling itself the United Kingdom’s leading platform for property finance.
There are also technology platforms that let people invest in even more exotic alternative assets such as luxury handbags and racehorses in addition to these popular digital access solutions.
For the ultimate benefit of the everyday investor, these companies and many more all have the common function of lowering the barriers to entry. Our ambition is for people to eventually use cryptocurrencies just like they would with any other fiat currency in the case of Bitcoin for example.
Wrapping Up The Discussion
Being integrated into the financial services sector is hopefully all currencies traditional and digital. Accessing any currency through a bank has never been easy and let’s face it. To be treated equally and to be equally accessible are all currencies including digital.
Modern technologies such as crypto and blockchain providing Bitcoin are helping you with all the needed instruments for investments that have only become possible in recent years, and whatever your passion is, in case you have a gut feeling of the next big win, or if it is a simple preference to access the so-called safe havens during these uncertain times.