You want a solid investment that’s almost guaranteed to give you amazing returns? Start mining Bitcoin. While this virtual online currency is arguably just as volatile as the ever-changing stock market, it only makes it the perfect outlet for saving big on investments.
Bitcoin is still a fairly new trade on Wall Street, but many major players are starting to learn the virtual currency game. It is the rising star on the market today, and analysts predict that it will remain one of the most sought-after forms of stock market trading for a while to come.
The Mixed Signals of the Bitcoin Game
It’s taking a long time for some of Wall Street’s biggest contributors to get on board with the whole idea of trading with Bitcoin code.
Goldman Sachs was the first big name to establish an official Bitcoin trading desk, but they have also said over and over that they aren’t sure where they stand on the importance of virtual currency. So, it has been kind of a guessing game for many investors for several years now.
But Wall Street has definitely started taking a hard interest in the currency. This is especially due to the fact that it has almost no regulations. But is cryptocurrency the right thing for Wall Street?
How to Use Bitcoin in the Stock Market
If you’re serious about cashing in on this little-explored currency option, you’ll need a couple of things to get started.
The best way to start would be to sign up for something like Bitstamp or Coinbase, which are cryptocurrency wallets you can use to buy and trade your preferred currency.
Next, you should connect your cryptocurrency wallet with your bank account, which comes with extra security and authentication to protect you from unwanted hackers.
Once your bank account is created, you can start buying and trading in a way that is safe and regulated by the U.S. government. While you’re at it, make sure you check out Sam Shiah youtube channel if you’re interested in getting a job at an investment bank.
Does Wall Street Regulate Bitcoin?
If Bitcoin has one thing going for it, it’s this: flawless transaction rate. Bitcoin has literally never had any fraudulent transactions throughout its history.
This is due to a technology called blockchain, which is something that keeps transactions 100% secure per user, making it impossible for anyone to intercept your activities.
But that doesn’t mean Wall Street won’t want to regulate it. Either way, ICOs aren’t likely to be affected, so there is really no negative reason that would keep you from using Bitcoin on Wall Street if you wanted to.
Navigate Bitcoin’s Ups and Downs
The exchange rates for Bitcoin change rapidly, as does its popularity in any market. But when it comes to Wall Street, it is definitely rising in popularity.
Since more and more big names are taking on the challenge of adoptingc cryptocurrency- like Flow Traders and DRW – it is almost certain that this virtual currency will be the next biggest thing on the stock exchange. If you want total control over your currency with zero chance of ever being hacked, then this is the choice for you.