Is Bitcoin a good investment?
This is a question that’s been on the minds of many people lately.
The answer, however, is not so simple.
On one hand, there are those who argue that Bitcoin is a digital gold and a safe haven asset.
On the other hand, there are those who believe that Bitcoin is a bubble that’s about to burst.
So, which side is right?
Well, that’s for you to decide.
But before you make up your mind, here are six news items on Bitcoin that are sure to turn you into a raging bull.
Bitcoin is “sneaking” into the daily lives of millions of people, and news like the ones we present below confirm the truth of the matter:
1. Mastercard launches Bitcoin payments
MasterCard, in partnership with Binance, is moving to enable Bitcoin payments in +90 million stores worldwide according to Business2Community. The new service will be launched in Argentina and from there it is planned to expand to other countries.
2. Visa creates a Bitcoin prepaid card
VISA is launching a Bitcoin prepaid card in Brazil, which will even offer rewards in BTC – according to Investing.com. Visa also plans to expand the offer of such cards to Mexico, Peru, Colombia and generally throughout the region.
3. Samsung builds cryptocurrency exchange and chip for Bitcoin mining
Samsung Securities is launching its own bitcoin and cryptocurrency exchange according to MarketWatch. In general, a total of seven major brokerage firms in South Korea have begun to lay the groundwork to create their own cryptocurrency exchange.
Samsung Securities operates as a subsidiary of the Samsung Group. El Salvador’s President Bukele recently met with the President of Samsung’s Consumer Electronics. Samsung has started making ASIC chips for Bitcoin mining.
4. Cryptocurrencies are taking off in India
Indian cryptocurrency users make up 15% of the country’s population between the ages of 18 and 60 according to a survey contacted by Kucoin. However, there is still uncertainty in the country about the government’s attitude towards the cryptocurrency industry.
5. Australia’s largest bank offers Bitcoin to its customers
Australia’s largest bank, Commonwealth Bank, has announced that it will offer Bitcoin to its customers through its own online platform and app – according to an article on the Bank’s website. The bear market has delayed these plans, at a time when the country continues to embrace the industry. Australia’s Treasurer, Jim Chalmers, has promised a regulatory approach to cryptocurrencies that will provide users with more protection.
6. Bloomberg: Bitcoin value storage asset
Mike McGlone, Senior Commodity Strategist at Bloomberg, said. Bloomberg Intelligence, pointed out that Bitcoin has the potential to become a value storage asset, similar to gold. The chances of this happening are increasing as the world goes into recession and seeks deflationary assets.