2021 will be the year of Bitcoin. The cryptocurrency has taken everyone by surprise with its incredible value. Bitcoin currently has a value of $40,000 and experts believe it will rise to $100,000 by 2021.
This is why so many people decide to invest in Bitcoin and trade with it. Research shows that Bitcoin has more than 5 million users. Every day, thousands of people register to use it. It’s clear that Bitcoin is very popular and well-accepted by many people. Even though it has been declared illegal by governments, there are still many who use it.
It’s also interesting to note that there are many celebrities and international brands who have invested in the network. We will name them and show how they are connected to Bitcoin. But first, let us give you a brief overview of Bitcoin.
A Short Overview of Bitcoin
Bitcoin is a digital currency. It does not have a physical currency and can only be used for online payments. It uses blockchain technology to power its decentralized and self-sustaining nature. Bitcoin offers many advantages over traditional payment methods. It is fast to transact, has greater security and charges no fees.
As we all know, the main reason people use Bitcoin is because they can make money with it. Research has revealed that as many as 100,000 Bitcoin millionaires are possible, which is quite remarkable.
Trading sites are the best way to make money from Bitcoin. After they earn Bitcoins via mining or buying, they use the advanced services of reputable trading platforms such as BitQT This particular site even uses an AI system that can analyze the data about Bitcoin and use it to make accurate predictions on its future fluctuations.
Experts believe that 99% of all Bitcoins can be mined by 2032. However, it will not be until 2140 that that number reaches 100%.
Let’s now take a look at celebrities and brands that are associated with this cryptocurrency.
Many celebrities have made investments in Bitcoin. Serena Williams, for example, has made investments in Bitcoin trading platforms. 50 Cent also accepted Bitcoins to pay for Animal Ambition 2014, his album. Elon Musk, through his company Tesla, has invested more than $1.5 billion into Bitcoin. Logic revealed that he had invested $6 million in Bitcoin in autumn 2020. Russ shared a few Instagram stories in which he explained that he has made investments in many cryptocurrencies, including Bitcoin.
SnoppDogg and Paris Hilton are just a few of the other celebrities who have made investments in Bitcoin.
Global brands know that Bitcoin is better than other online payment methods. They integrated the cryptocurrency into their systems to allow customers to use it for purchasing services and products. Shopify, Microsoft and Overstock are just a few of the global brands that accept Bitcoin.
Bitcoin is a futuristic cryptocurrency. Although it has many advantages, banks and governments still don’t like it because they can’t control it. These facilities and authorities are also completely exclusion from the network. It is therefore unlikely that they will make it official in the near future. However, we have learned something with Bitcoin: Anything is possible with this cryptocurrency.