Bitcoin is a new technology that is seen to revolutionize the financial world. Although Bitcoin was originally viewed as a technology for payment, many people have used Bitcoin as an investment instrument because of its fluctuating price. Well, iragoldavisor can help each of you learn more and make the right decision for bitcoin investment.
When gold is seen as a ‘protection of wealth’ and shares as a ‘wealth enhancer’, Bitcoin is seen as a combination of both types of instruments. For example, at the time of the demonetization in India and the election of Trump as president of the United States, investors in droves save and protect their money in the form of Bitcoin. As a wealth enhancer, the number of traders on Bitcoin Exchange (Bitcoin stock) is a clear proof that Bitcoin is used as an instrument to gain profit. Bitcoin is usually used as an investment option to diversify one’s investment portfolio because Bitcoin’s performance is usually not linear with other investments.