According to the latest publication of Investment U, the educational arm of the Oxford’s Club, Bitcoin is expected to keep rising after it crossed the 16,000 dollar mark. According to the publication, Bitcoin, the main cryptocurrency is poised for greatness in the near future. It has become clear that the era of cryptocurrencies is here to stay and it is not just a passing cloud. With the appreciation of the Bitcoin against the dollar, many are wondering if it is still wise to invest in the cryptocurrency. Is it late to make this investment? Many people have been asking this question but the answer has not been forthcoming to many investors looking for it.
According to investment adviser and founder of Early Investing (an affiliate publication of the Oxford) Adam Sharp, the potential of Bitcoin has barely been scratched. He adds that less than 1% of the world have access to the cryptocurrencies. At the same time, the big financial institutions in the world are just getting started in terms of adopting this asset. It is therefore clear that the rush for the cryptocurrencies is just getting started; there is more in store for the cryptocurrencies.
Cryptocurrencies have been gaining prominence in the world due to the intractability aspect. It is not possible for the currency to be traced or controlled by the governments. Also, with the economic crises that are seen in the world nowadays, the cryptocurrencies are seen as an alternative since it is not affected by the economic undertones. It is considered a better safe haven than the traditional assets such as gold.
About Oxford Club
Oxford Club publication offers its members resourceful information on how to grow and protect their wealth. Oxford Club has over 157,000 members and has a presence in 131 countries. The club has been assisting members to get the best financial advice as well as information regarding the best investment opportunities including the cryptocurrencies.