Investors Reveal The Safest Cryptocurrency Today

In Investments
Safest Cryptocurrency

Bitcoin is truly building its reputation as the world’s global currency. Without major mediacoverage or market instability, the price of Bitcoin has continuously increased, surpassing the market cap of many reserve currencies. It has also shown a substantial decrease in its volatility rate over the past year, performing as a stable global currency.

The price of Bitcoin remains within the range of $765 to $777, staying in the same trading range for over nine days straight. It has demonstrated a lower volatility rate compared to a lot of major reserve currencies such as the sterling pound, and high liquidity for people struggling to deal with excessive capital controls and restriction of asset trading.

Bitcoin is the safest cryptocurrency in the market today

Some investors and analysts including BitFury Group Vice Chairman George Kikvadze, believe that Bitcoin is beginning to maintain stability in terms of market cap and price, possibly because investors are starting to realize Bitcoin is the safest cryptocurrency on the market today.


Other CEOs and cryptocurrency experts like Barry Silbert have also noticed the strong performance of Bitcoin, praising the currency for increasing in value without sensationalist headlines or media coverage.

In most cases, the reason behind the stability of the price of Bitcoin can be attributed to its safe haven, asset-like characteristics. Its decentralized nature, transparent ledger, unprecedented security and efficiency in transaction settlement enables it to operate as a great alternative to current financial systems and as a wealth protection system for high-profile investors and traders.

The surge in demand for Bitcoin

For instance, Cointelegraph and other mainstream media outlets have published various reports on the surge in demand for Bitcoin amid global market instability. The demonetization of cash in India has caused Bitcoin’s trading volumes to increase drastically and the devaluation of the Chinese yuan and the local government’s crackdown on wealth management products have also led to the increase in the price of Bitcoin.

As major economies continue to struggle to deal with vulnerabilities, inefficiencies and limited capacities of existing financial systems, the price of Bitcoin will increase without the necessity of exaggerated media coverage and sensationalist hype.

Bitcoin’s stability and low volatility rate are also allowing the mainstream user base and the general population to depend on the cryptocurrency as a digital alternative to cash, appealing to investors, households, businesses and traders.


You may also read!

Ridesharing App

Ridesharing App, Blockchain Startup Team Up in Tokenizing Healthcare Transport

Global ridesharing app, Lyft has worked with blockchain startup Solve.Care. The partnership aims to tokenize healthcare-related transport appointments. The

Korean Crypto Market

Korean Crypto Market Relies on US Bitcoin ETF Decision

The existence of several cryptocurrencies in the market and its unstoppable worldwide circulation has drawn the attention of the


Blockchain Helps Companies Maintain Brand Promise

It seems like companies are now learning how to unmask the powers of the blockchain and apply it to


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu