2020 is a good year to invest in Bitcoin; here are 3 reasons why
Businesses and industries all around the world are struggling to stay open in the midst of economic shut-down and closed trade routes. Economists predict a global recession this year.
For investors, it has also been bad weather. These unprecedented circumstances pose a threat to the stock markets as the value of publicly-listed and private companies across the world diminishes.
But interestingly, one of the financial assets that have shown great promise despite the current situation is the Bitcoin cryptocurrency.
Between April 2020 and June 2020, the value of bitcoin rose to its highest recorded in the year. In fact, experts are predicting that in 2020, its value may rise to its highest ever recorded.
To put briefly, 2020 is proving to be a perfect season to invest in Bitcoin and we have three more reasons that should make Bitcoin even more attractive to you as a Nigerian investor or businessman:
The Naira is Depreciating
In this year alone, the Central Bank of Nigeria has had to devalue the naira, twice within six months. This instability puts your naira assets on fragile ground, and in addition, any prospective acquisitions. With Bitcoin which is universally accepted, you can make international transactions without worrying about the unstable foreign exchange rates of our local currency.
Nigeria is Opening to Bitcoin
Bitcoin transactions in Nigeria are at an all-time high with weekly peer-to-peer transactions presently valued at $2million. This is exciting because, with an increase in trade and demand of bitcoin, the liquidity rate of your bitcoin asset improves (liquidity rate refers to how easy you can convert an asset to ready cash).
Investing in Bitcoin Has Never Been Easier
Investing and trading Bitcoin has become easy and super accessible - thanks to solutions from companies like Patricia. In Nigeria, Patricia is the biggest cryptocurrency company, giving users a secure and stable way to fix in Bitcoin as well as trade Bitcoin with users globally at the best rates.
It’s 2020, you should not be playing Russian Roulette with your investment portfolio. Being super-strategic, quick and in tandem with unfolding trends is your best chance. You can start trading in Bitcoin today. Simply open an account on www.mypatricia.co now.
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