7 things you should know about Bitcoin hype-blockchain news, opinions, TV, and work

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The most popular cryptocurrency is here again. But what is going on with Bitcoin hype now?

It has been almost 12 years since Satoshi Nakamoto developed the peer-to-peer electronic cash system that brought us Bitcoin. Millions of people have been buying and selling this decentralized cryptocurrency for many years.

So why is there such a sudden global hype? As NordikCoin pointed out, there are several reasons. let’s see.

1. Bitcoin is hovering around $20,000 again

Bitcoin hit a record high in 2017 When its price reached a peak of $19,783. These days, cryptocurrencies are once again hovering near the elusive $20,000 mark.

Its volatility may prevent many people from investing in it, but few people can resist it at the moment. Don’t you want to get some bitcoins worth so much money? We know we will.

If there is time to start mining Bitcoin, it will be now. Who said that this encryption will not break another record? Its price is likely to skyrocket.

2/ The coveted cryptocurrency may be adopted on a large scale

PayPal just launched a cryptocurrency service, Becoming one of the latest companies adopting cryptocurrency (including Bitcoin). Its US users can now buy, hold or sell digital currencies directly from the platform.

Many other companies are also injecting cryptocurrency into their businesses, which is a good recognition. Even banks are slowly catching up with the trend and joining the hype.

All of this means that Bitcoin is becoming more and more accessible. This is why more and more people are talking about it, vying to get a share of the pie.

After all, that delicious pie will disappear one day, which leads to the next point.

3. Limited supply of BTC

According to a predefined agreement, the supply of Bitcoin is limited to 21 million BTC.

so far, Over 18.5 million BTC has been mined, There is less than 2.5 million BTC left.

However, due to the Bitcoin halving, the remaining BTC that people can mine will not circulate until 2140.

When miners’ rewards are halved, Bitcoin halving is an annual event. Therefore, each year, the coins received by miners for adding new blocks to the blockchain are reduced by 50% compared to the previous year.

However, as NordikCoin explained, because of the 21 million limit, the value of Bitcoin will rise as the supply decreases. Therefore, the demand will also increase.

Therefore, it is clear why large companies are implementing it and slowly triggering mass adoption. Who knows, maybe the agreement will change to increase supply. Now, isn’t this a kind of enjoyment?

4. You can spend Bitcoin on a range of products and services

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Thousands of Merchants all over the world accept Bitcoin As a valid payment method-more than 15,000.

You can buy almost anything with Bitcoin, including clothes, accessories, food, electronic equipment, household appliances, games, jewelry, event tickets, software, and more.

You can book holidays through travel agencies, donate to charities, buy or rent cars, pay bills, pay for network services, and more.

With so many options available, mass adoption may not be far-fetched at all.

5. Bitcoin can hedge against deflation

In the ongoing pandemic, the value of legal tender, especially the U.S. dollar, continues to fall. To make matters worse, as commodity prices soar, economic difficulties continue to intensify.

This is why many organizations are currently investing in Bitcoin. An example is Square.

Square recently purchased $50 million in Bitcoin, Stating that the company believes in the future potential of cryptocurrency as a global currency.

Many other investors believe that Bitcoin can hedge against deflation, especially because it cannot depreciate like fiat currencies.

However, despite Bitcoin’s ability to resist inflation, its volatility is still an important factor to consider. If everyone invests in it suddenly, its price may soar before it drops sharply.

6. You can buy Bitcoin in minutes

One of the best parts of Bitcoin is that you can buy it in minutes.

We strongly recommend that you check Nordic currency, A cryptocurrency exchange located in Estonia.

It will not take more than a minute to create your account on the platform and get your own free bitcoin wallet. You can register for various e-ID solutions and use VISA or Mastercard to buy Bitcoin.

It couldn’t be easier to buy. You only need to enter the required amount, select your fiat currency, click the “Buy Bitcoin” button, and then use your preferred payment method to checkout.

7. Bitcoin transactions are transparent and safe

The whole purpose of Bitcoin and other cryptocurrencies is to make online financial transactions more transparent and secure.

This is why BTC runs on the blockchain, which is a publicly distributed ledger that contains an immutable record of every transaction. The ledger is decentralized, which means there is no intermediary.

More importantly, no one can change the record block, so there is no room for fraudulent transactions or theft. All data and digital currencies passing through the system are very safe and reliable, including your Bitcoin wallet.

The blockchain-based ledger is encrypted, and no one but you has the decryption key needed to access your wallet.

All these aspects of Bitcoin make this currency so attractive.

Have you joined the Bitcoin hype?

Mining, buying and selling Bitcoin can provide you with rich income. What are you waiting for? Keep up with the trend and join the exciting journey! You never know-you may change your whole life.

If you haven’t joined the hype, now is the time. Grab the opportunity to contact BTC and enjoy greater convenience through online payment.

Register now for NordikCoin And join thousands of happy users in a simple, safe and cheap place to meet all your cryptocurrency needs.

The platform has military-grade encryption, first-class security and a multi-signature system to prevent unauthorized access. So, get your free bitcoin wallet and start trading today!



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About the Author: AZ