And that’s why you should get interested in Bitcoin NOW!
The New Year started with bitcoin crossing the $30,000 for the first time on Saturday 02 January 2021. It traded at $33,099 while almost all other was closed on Saturday, the first weekend of 2021.
What you could have gained had you started in 2020: 200%
In 2020 bitcoin gained above 300% in 2020 alone. It added more than 50% in just last two weeks since crossing $20,000.
Why is it growing?
It is in demand from larger US investors due to perception that
- Bitcoin has inflation-hedging qualities
- potential for quick gains
- likely to become mainstream, payment method
- limited supply of bitcoin by ‘mining’ computers
- almost a safe-haven, just like gold
The expected value
Some day it is likely that bitcoin will eventually cross $100,000. And even while there is not enough ground to set the expected time to achieve that, it will be surprisingly sooner.
State Currency Vs Bitcoin
There is feeling that gradually people are losing confidence in the currencies of the government. The track changing nature of monetary policies of the government is one of the reason behind this.
The recent impact of the pandemic is another reason for the drop in faith in state currencies.
How can you as a Developer get started in it? – Etherium
If you are a software developer, you are sitting on
goldcoin goldmine. At its code a cryptocurrency is based on blockchain technology.
DeFi ( Decentralized Finance) is a experiment form of finance that does not rely on central financial intermediaries such as banks, exchanges or brokerages. Instead of these it uses smart contracts on blockchains.
The most common platform is Ethereum., an open source platform for decentralized applications.
You can start with any of the following programming languages
- Java and others
In my next blog I will write about this in more details.