As Bitcoin is designed to transform the existing financial system and remove finance intermediaries, it has the strong potential to affect the global economy. It can function both as a safe-haven asset in some cases. In some way, it's an alternative method to the global financial system.
All the same, what is the best time to invest in Bitcoin?
Recent data shows that Sunday evening is the best time to buy Bitcoin (BTC) according to Capriole digital asset manager Charles Edwards. As shown below, historically, BTC saw higher returns on Sunday evenings into early Monday morning. Edwards said: “Bored on Sunday at midnight?
Suitably, what will happen to crypto if stock market crashes? The current digital gold is Bitcoin so if the market for traditional stocks goes down, Bitcoin and other crypto currencies will see a rise as it is becoming a good way to park your money. Gold historically goes up when the overall stock market declines because people want to shelter their money from the decline.
For that reason, do banks accept Bitcoin?
Now that you're clear on which banks accept bitcoin, get started making the most of your Crypto....Banks That Explicitly Ban or Limit Bitcoin Purchasing.
|CitiBank||United States||See Bank of America|
|Capital One||United States||See Bank of America|
Is Bitcoin still worth investing in 2020?
Bitcoin is on track to be one of the best performing assets of 2020 as the chart below shows. Bitcoin's strong performance has not escaped the notice of Wall Street analysts, investors and companies.