Bitcoin is becoming more and more mature. While the cryptocurrency was titled a few years ago still as a pure speculation object, BTC developed meanwhile to a respected asset. Whether institutions, hedge funds, or companies: They all take Bitcoin into their own portfolio to protect themselves from the partially escalating monetary policy.
Characteristics such as the limited supply, censorship resistance, high divisibility, and easy portability arouse — once Bitcoin’s concept has been understood — desires. So it is probably more than understandable that BTC is now also considered digital gold in institutional circles.
Google Finance is again the place for the most important facts about finance, currencies, and global markets. And so it is only logical that BTC also finds its place here.
The crypto-currency has many similarities to gold and gives it the attributes of a commodity, but works just as well as a currency. For this reason, Google Finance lists Bitcoin alongside some top pairs in currency trading.
However, it is now interesting to note a recently published observation showing that Bitcoin was the top currency in Google Finance. Even though we do not know the exact reasons, there are various possibilities for the short-term attack on Bitcoin:
Google always adapts its search results to the individual preferences of each user. This is complemented by the high weighting of current search queries. If “Bitcoin” is thus in the trend, it may well be that the cryptocurrency is given more visibility.
As we can see, the listing of the BTC/USD trading pair finds its place right next to other global pairs such as EUR/USD, USD/JPY, or even GBP/USD.
In this context, the behavior or performance of currency pairs is particularly interesting. At least from the current perspective , the US dollar is probably the most important currency in the world. In other words: USD is the leading currency, and the most important trading pairs worldwide are always quoted about the dollar.
But if we now take a look at the chart below, we see one thing in particular very clearly:
While the Japanese yen has performed worst against the US dollar, BTC, in particular, is convincing.
This increase in purchasing power becomes particularly clear if we take a look at https://fiatmarketcap.com/. We can see how many Satoshi (Sats for short) the smallest unit of respective local currency costs. Whoever regularly observes this page will see that one always needs a few sats. In short: The purchasing power of Bitcoin is increasing.
Especially newcomers in the field of cryptocurrencies attach great importance to high comfort. In the beginning, setting up Bitcoin wallets and manually sending BTCs can be daunting. In such a case, it is a good idea to start with a reliable, regulated broker who can offer you
- Gain access to over 100 different cryptocurrencies.
- In terms of trading volume, OKEx ranks second after Binance.
- OKEx offers special trading features like for margin trading up to 10X, and for derivatives trading, you can use leverage up to 100 times.
- The exchange has been trading for four years and is well established.
- A simple interface makes trading relatively easy.
- Deposits via PayPal
- sending real Bitcoins to your wallet allows the use of a wide range of trading tools without the need to download any software.
These are exactly the benefits you get with OKEx. Just give it a try and convince yourself of the above-mentioned advantages. Start your investment now!
I share more intimate thoughts in a monthly newsletter that you can check out here. Please let me know in a comment and join me on various social media platforms:
WHATEVER YOU DO, DO IT WITH LOVE AND PASSION!