Bitcoin Is Robinhood’s Top Recurring ‘Buy’ Asset, Why Are New Investors So Fond of Bitcoin?
2022-04-08 14:35:06
Is It A Good Start For Beginners To Invest In Bitcoin?
Bitcoin 2022 Conference is a cryptocurrency conference and a music festival in Miami, Florida. As a multi-faceted four day event from April 6 to 9, the Conference features experts, industry leaders, investors, and enthusiasts coming together for lectures, panel discussions, Q&As, pitches, open source content, and more.
As a leading brokerage firm who received a virtual currency license and rolled out crypto business as early as 2019, Robinhood undoubtedly caught a lot of attention at the conference, and they clearly came prepared with several messages.
First of all, Robinhood Chief Product Officer Aparna Chennapragada announced that Bitcoin is the top recurring buy asset for the company so far this year without giving exact numbers. This is a strong market signal as the user base of Robinhood is mainly millennials and first-time investors.
Unlike major crypto exchanges such as Coinbase, Gemini, Binance and Gate.io, Robinhood is more attractive to the young generation due to its revolutionary 0 commission offering. Seeing the enthusiasm for Bitcoin, Robinhood plans to integrate the Lightning Network, which can be used to facilitate cheap and instantaneous payments, into its technology stack. In other words, Robinhood users can access Bitcoin cheaply and in a green way.
Why is Bitcoin a good investment for beginners?
As the first digital currency, Bitcoin is also the most traded and popular cryptocurrency in the world. In a crypto market of more than $2 trillion, Bitcoin accounts for nearly $830 billion of value as of April 8, accounting for 41% in dominance.
After developing for over ten years, fewer and fewer people are still saying that the price of Bitcoin will go to zero. With humble beginnings in 2009, Bitcoin crossed $1,000 two years later, then followed a steep but bumpy path to an all-time high of roughly $69,000 in November 2021. However, it scrapped as low as $35,000 in January 2022 but has rebounded to above $43,000 according to Bitcoin price live on Gate.io.
While the traditional stock market opens and closes at set times during the week, Bitcoin is accessible to buy, sell and trade 24/7. Crypto investors can buy Bitcoin on a number of cryptocurrency exchanges where you can make crypto trades at any time of the day. For the novice, no time limit on trading means a longer hesitation period and enough time to do your own research before investing.
As you may already know, there will never be more than 21 million BTC, it makes it a rare and finite commodity. Because of this limited supply, it is also seen as a hedge against inflation. The rise in global inflation has become a more and more serious problem, Agustín Carstens, head of the Bank for International Settlements (BIS) warned recently that the world economy may be on the brink of a new inflationary era with persistently higher growth in consumer prices due to the diminished globalization.
While being compared with gold in terms of storing values, as a digital version of gold and a purely digital asset, it's much easier to store, transport and buy than the precious metal. That being said, you don't have to rack your brain to figure out where to hide it, just like you do with gold, as long as you remember your private key you will be ok.
Bitcoin 2022 Conference is a cryptocurrency conference and a music festival in Miami, Florida. As a multi-faceted four day event from April 6 to 9, the Conference features experts, industry leaders, investors, and enthusiasts coming together for lectures, panel discussions, Q&As, pitches, open source content, and more.
As a leading brokerage firm who received a virtual currency license and rolled out crypto business as early as 2019, Robinhood undoubtedly caught a lot of attention at the conference, and they clearly came prepared with several messages.
First of all, Robinhood Chief Product Officer Aparna Chennapragada announced that Bitcoin is the top recurring buy asset for the company so far this year without giving exact numbers. This is a strong market signal as the user base of Robinhood is mainly millennials and first-time investors.
Unlike major crypto exchanges such as Coinbase, Gemini, Binance and Gate.io, Robinhood is more attractive to the young generation due to its revolutionary 0 commission offering. Seeing the enthusiasm for Bitcoin, Robinhood plans to integrate the Lightning Network, which can be used to facilitate cheap and instantaneous payments, into its technology stack. In other words, Robinhood users can access Bitcoin cheaply and in a green way.
Why is Bitcoin a good investment for beginners?
As the first digital currency, Bitcoin is also the most traded and popular cryptocurrency in the world. In a crypto market of more than $2 trillion, Bitcoin accounts for nearly $830 billion of value as of April 8, accounting for 41% in dominance.
After developing for over ten years, fewer and fewer people are still saying that the price of Bitcoin will go to zero. With humble beginnings in 2009, Bitcoin crossed $1,000 two years later, then followed a steep but bumpy path to an all-time high of roughly $69,000 in November 2021. However, it scrapped as low as $35,000 in January 2022 but has rebounded to above $43,000 according to Bitcoin price live on Gate.io.
While the traditional stock market opens and closes at set times during the week, Bitcoin is accessible to buy, sell and trade 24/7. Crypto investors can buy Bitcoin on a number of cryptocurrency exchanges where you can make crypto trades at any time of the day. For the novice, no time limit on trading means a longer hesitation period and enough time to do your own research before investing.
As you may already know, there will never be more than 21 million BTC, it makes it a rare and finite commodity. Because of this limited supply, it is also seen as a hedge against inflation. The rise in global inflation has become a more and more serious problem, Agustín Carstens, head of the Bank for International Settlements (BIS) warned recently that the world economy may be on the brink of a new inflationary era with persistently higher growth in consumer prices due to the diminished globalization.
While being compared with gold in terms of storing values, as a digital version of gold and a purely digital asset, it's much easier to store, transport and buy than the precious metal. That being said, you don't have to rack your brain to figure out where to hide it, just like you do with gold, as long as you remember your private key you will be ok.
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Bitcoin Price: How Will It Change In April? Will It Target At US$50,000?
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