Post
Topic
Board Economics
Re: How does bitcoin contribute in global market ?
by
SixOfFive
on 18/12/2017, 22:27:12 UTC
Its true to be say that bitcoin gives a huge contribution in global market through different task. Now most of people who are skilled and big investor know about  cryptocurrency and others digital currencies are greatly influenced by the bitcoin currency for purpose of earning profits.

That's true.
Nowadays Bitcoin isn't just limited to early adopters or tech people but general public at large have started investing in it.
One of the main sector where Bitcoin has shown significant rise is "Assets and Security Market". We all are aware of CME listing and future trading. But other than that, marginal investment sectors like Mutual Funds, Chit Funds, etc are now considering Bitcoin as their main destination to invest contributors' money.
The biggest buzz about this could be seen in India where Stock Trading Companies are now advising their customers to go for Bitcoin investment and that's why we could see premium of $2000 in India where Bitcoin is trading at approx $22K.
While lurking internet, I found this article showing another acceptance of Bitcoin :


http://c.mp.ucweb.com/detail/b1f94e64e951483886a5f35952b3827f?a=1&uc_param_str=dnvebichfrmintcpwidsudsvnwpflameefut&uc_news_item_id=895563875171605&app=samsung_h5_iflow&entry=samsung&cpmob_browser=samsung&coid=AALM%2Fs4mviOZmnzTNw91PMJQ3X98tJddTDD0NX0Yjk7BrRB9FStvwOs4B0RLVkiyXNI%3D

Totally agree with it. crypto-market has created ample of opportunity for investors and traders in order to grow their money with much higher pace than traditional investment schemes. In India also, people are now much interested to buy bitcoin than ever before. Even Indian Fiat-BTC exchange Zebpay has reported that more than  200,000 users are adding with them in a month and expected to add 500k Users Monthly by 2018.
So BTC popularity is growing day by dayin India and all over the world.