In its 12 years of existence, Bitcoin indeed has come a long way, but how? It was introduced to the world as just a 9-page white paper named: A peer-to-peer electronic cash system which is now dominating the Crypto world. Bitcoin has had a dramatic rise and fall ever-since its conception, and a significant number of investors have made a fortune by leveraging this Cryptocurrency. Back in 2014, when the BTC was priced at $630, Microsoft started accepting Bitcoins as a legit payment method for buying Xbox games and Windows software.
Bitcoin Depot, an INC 5000 company, and the fastest-growing multi-Cryptocurrency ATM Network offers users the ability to buy and sell Bitcoin, Litecoin, Ethereum and Bitcoin Cash instantly at thousands of locations across the United States and Canada. The company has brought a revolution in making Cryptocurrency as easy as cash. “We are leveraging the rise of Cryptocurrency in a way that it’s accessible to everyone, even those who don’t have a digital bank account. Our mission is to provide the most secure, convenient, and fastest Cryptocurrency transaction. Our vision is to bring the Cryptocurrency market to the masses,” says Brandon Mintz, CEO of Bitcoin Depot.
Now, the recent investment worth $1.5 billion by Tesla and its suggestion of accepting BTC as a form of payment in the ‘near future’ gave a bullish kickstart to the digital currency’s year. With the climatic fluctuations but optimistic future projections, here are the top 3 trends predicted to follow in 2021.
The Bull is here!
Several investors stocking up on Crypto like never before have made it a bull for a longer run. While the history indicates otherwise, more than 55% of people feel optimistic about Bitcoin making more than just a few headliners in the market. Big companies have also become warm with the BTC, and soon it will be accepted as a payment method, giving it mainstream acceptance.
Introduction of new technologies
Most people currently only know one way of purchasing Crypto, which is through wallets. However, the process comes with its setbacks, such as restricted speed. People are eager to see how technology will evolve to make this trading experience faster, safer, and more accessible. One such alternative service is Cash-to-Crypto based transactions that enable instant conversion of cash to Cryptocurrency.
With the projected rise in BTC users, we will now see a rapid increase of crypto purchasing heading towards ATMs as the online exchanges won’t be able to support the growth or provide reliable customer support, making it a new normal,” says Brandon. Bitcoin Depot has challenged the online transaction process with their BTMs (Bitcoin ATMs) and envisions becoming the world’s largest retail network of Crypto access points. “With over 2,000 BTMs, we see the company halfway through their journey. During the pandemic, we were able to expand our resource capacity to 130%. The future looks bright with increased awareness and acceptance towards Cryptocurrencies,” added Brandon.
Security Concerns
With evolved digital advancement comes security breaches and other cybersecurity concerns. Bitcoin, being a decentralized entity, makes way for scams if you commit a slight error in the process of buying and selling it online. Although people are looking forward to a safer trading way, choosing the right platform can ensure increased safety. “At Bitcoin Depot, we don’t take the ownership of your Crypto or any sensitive information. Your Bitcoin is delivered directly to the wallet of your choice. The transactions are more secure this way and, of course, instant,” shares Brandon.
It’s interesting to see how Cryptocurrency has managed to take over significant investors’ and business-owners’ financial profiles. As we are still running upwards in the market, so far, the predictions are nearing the truth.
