Bitcoin price rises at 50,000 US $ on Alan Musk's Telsa Investment Report. Still Time to Invest in Bitcoin Investment ?

 

This is Massive and historic week in 2021,Bitcoin jumped nearly 15 % to an all-time high on Monday.The  bitcoin price has now soared over 300% since October, Earlier electric car maker Tesla said it had invested 1.5 billion in Bitcoin last month. Bitcoin now trading 15 % per cent higher at 50,000US $.

Tesla also said on Monday  to accept payments for its cars and other products in Bitcoin soon.Tesla said in a filing the decision was part of its broad investment policy as a company and was aimed at diversifying and maximizing its returns on cash. 

Governments around the world are offering massive relief and  bank printing massive banknotes flooding in the  market so concern and those who believe in Bitcoin say only Bitcoin is future of money and  can save the value of wealth from the effects of inflation.

15,174 businesses worldwide accept bitcoin. According to coinmap.org, there are currently just over 15,000 businesses that accept bitcoin or that offer bitcoin ATMs around the world. 

According to Fundera, found that 2,352 US businesses accept bitcoin. This number doesn’t include bitcoin ATMs, which are also available in large numbers through the US and the number is continuing growing day by day. After Tesla who will be the next ? Will Bitcoing go higher 300+K by 2025 ? 

2,000+ Digital Currencies Floating In The Global Market, Bitcoin Still worth To Buy in 2021? Bitcoin Price Prediction 300K $?

At a time when the world is battling with the COVID-19, India,China,Facebook is busy launching a project on the digital cryptocurrencies?? 

Cryptocurrency has become a global phenomenon now a day,however We are still in the learning phase and implementing process in many ways. The first name that comes to everyone's mind is Bitcoin when we talk about digital currency.

Bitcoin is the one of the only digital currency that has received global attention and adoption from 2008. Any bank does not govern this decentralized digital currency, means that it can be sent from one person to another without any third party involvement.

Let's understand about Bitcoin before we jump in details of price predication and future of the Bitcoin and digital currency War. This cryptocurrency was introduced back in 2008-09 by an unknown person name Satoshi Nakamoto(Japanese Name) who developed this cryptocurrency on a new platform called the blockchain.The domain name "bitcoin.org" was registered on 18 August 2008.

The price of bitcoins has gone through cycles of appreciation  almost 40k$ and depreciation referred to by some as bubbles and busts. 

Otherside, China wants to introduce a digital yuan currency in 2022 called e-RMB.Pilot programs have so far been launched in four cities and at 2022 Winter Olympics venues in the country. People going to China in 2022 will have to buy or transact in this new digital currency as of now all the government employees' salaries will be in ERMB so they are moving on fast track to launch new e-RMB. 

Last year Facebook annouced their new Cryptocurrencies "Libra" however Libra suffered hard when PayPal, eBay,Vodafone, Mastercard distanced themselves from the controversial project. now Libra become "DIEM' new name. The independent organization that runs the project, the Libra Association, will now be known as the Diem Association, and Bloomberg reports that its currency will be called the Diem Dollar.

With virtual currencies gaining hype India also planning to come up their own digital currency according to the news executive chairman Sudarshan Sen had said our government might launch the country’s own digital currency called “LAKSHMI” or Cryptocurrency lakshmi. as the central bank is not comfortable with non-fiat cryptocurrencies like the Bitcoin.

Amid all the controversies, Bitcoin has maintained its value and respect in the global market as it is still being used for sending payments and for trading purposes. What do you think about the future of Bitcoin? Is it good to invest now? 

Bitcoin hit an all-time peak of $20,833 US- Invest Bitcoin in Canada?. Time to Invest or wait for good time ?

 

Bitcoin hit an all-time peak of $20,833 US, Invest with wealthsimple Canada.

Wealthsimple recently announced out by offering Bitcoin and Ethereum Cryptocurrency.Both of the highest market cap and most popular cryptocurrencies.

Currently you can buy,sell and hold coins within the app. The wealthsimple app is really simple and easy to start even if you are new in this field.deposits and withdrawal can only be made in Canadian dollars. there is no minimum fee for making a deposit or withdrawal which means you can get started with as low as 1 $. Cryptocurrency is taxed like any other investment in Canada so make sure do research before get into. 

I am not an accountant, nor am I an expert on cryptocurrencies. You should seek the advice of an accountant with experience in cryptocurrencies if you have any serious questions or concerns.