Thomas Glucksmann, head of marketing at Hong Kong-based Bitcoin exchange Gatecoin, believes that the general public image of Bitcoin has transformed from the risky to safe investment.
Within an interview, Glucksmann said:
Gaining more and more recognition
In
the last year, six countries including Malta, Japan, Australia, China,
the Philippines and South Korea have addressed the regulatory issues
surrounding Bitcoin. Some countries have officially recognized Bitcoin
as a legal currency while others have described Bitcoin as a payment
network and remittance method.
A significant
component which is often present in the regulatory frameworks created
for Bitcoin by the six above mentioned countries could be the efforts of
governments to help relieve and simplify the procedure of using, trading
and establishing a small business around Bitcoin and digital
currencies.
Of late, Australia removed double
taxation on Bitcoin after realizing that heavy taxation and overly
complex policies imposed on Bitcoin resulted in a decline in the
Australian digital currency industry and its businesses.
The legalization and regulation of Bitcoin acted as driving factors behind the increasing demand for Bitcoin. Clarification
on the legality of Bitcoin further validated the legitimacy of Bitcoin
as an electronic digital currency and asset.#bitcoin to be recognized as legal currency by July, 2017 in Australia, exempt from taxes. Will be treated as money. @aantonop @Excellion pic.twitter.com/LQWhK0H2iX— Joseph Young (@iamjosephyoung) May 10, 2017
In
addition to the recognition of governments and central banks across the
entire world, Bitcoin in addition has earned the description “digital gold” and “safe haven asset” since it outperformed major assets, markets and currencies time and time again.
Bitcoin's still standing, always
Despite several major and minor price corrections, Bitcoin always were able to bounce back and recover. As reported previously
by Cointelegraph, RT's Max Keiser introduced a graph which accurately
depicts the purchase price trend of Bitcoin in the last few years.
Although there were some bubbles and market corrections, Bitcoin price
always recovered to an area greater than its previous surge.
Above
all, Bitcoin as a secure haven asset has recorded a solid performance
for all investors, especially amid economic uncertainty and market
instability. As an example, on June 2, once the US jobs report rattled
stock markets, Bitcoin remained stable and actually recorded a rise in value.Buy BitCoins in Nigeria blog is the Cheapest and perfect place buy or sell your BitCoins in Nigeria at this moment. Whatsapps:+48794207320
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