Small investors can safeguard the value of their savings thanks to Bitcoin Satoshis. Guy Hirsch, US Managing Director for eToro, believes that Bitcoin could reach USD 100,000 by the end of 2021.
According to Guy Hirsch, US managing director for eToro, Bitcoin can multiply in value exponentially to reach USD 100,000 by the end of 2021. He considers that it is possible to divide Bitcoin into 100 million parts, contrary to what happens with fiat currencies.
People who invest USD 0.00040823 in 1 satoshi will become owners of an appreciable fraction in the market. However, those who live in Latin America probably have a local fiat currency that is worth less than the US dollar.
It is Not Necessary to Undergo the Annoying Banking Process
The BBVA bank is already investing transparently in cryptocurrencies, but the mechanisms that they use are interesting. The trading methods that these well-known companies use are not too different from those available to users of the Internet.
However, many business investors prefer to work with exchange platforms that the Bitcoin market supports, such as Remitano. In this particular case, when they register, they do not need to use tables or calculators.
The blockchain-based system automatically transforms the amounts that the user wants to trade. Besides being able to exchange satoshis for US dollars, it is possible to use Tether.
Tether (USDT) is a fixed-value altcoin whose unit is equivalent to the US dollar. This system is possible because the coins receive physical support in a fiat bank account.
Outlining the Investment Plan
First of all, people who want to trade Bitcoin need to outline a plan to create a wallet. They should not confuse exchanging satoshis for US dollars with becoming millionaires magically.
This is only a complement to personal economy, whose success will depend on the approach. For example, it is possible to use the wallet to keep part of the earnings in Bitcoin at a crucial moment in the market.
It is also possible to bypass the Bitcoin filter and back investments in the digital dollar (USDT), which will maintain its value. Of course, the investor can create a strategy that combines the pioneering cryptocurrency with an altcoin.
Registering the Account
Contrary to what happens when creating a bank account, registering this type of wallet is very simple. The user will only have to enter their name and other important information, together with their e-mail address.
Finally, they need to enter an identity document to ensure that every transaction remains transparent. That way, they have already verified the account and the digital wallet is thus ready to use.
Making the First Transaction
These types of blockchain-based platforms facilitate the process of trading cryptocurrencies and fiat money more efficiently than traditional banks.
The user can manage not only Bitcoin but also Tether, which will provide him with more profit opportunities.
By Willmen Blanco
