Bitcoin has hit a new high of $2,000. This is a phenomenal rise considering that it was around half of that price a month ago. The rise is probably as a result of economic uncertainty and instability of the US. In fact, the US recently replaced the Japanese Bitcoin exchange market for the first time in the past 12 months to become the largest Bitcoin exchange market.
What does this mean?
Be it an ongoing upward trend or a bubble, the result of this gold-rush is that people feel more wealthy and there is more money sloshing around. This should positively impact luxury hotels particularly in Hawaii which attracts both Japanese and American investors for their vacation. In fact, Hawaii could be one of the spin-off benefactors of the ever-increasing Bitcoin surge.
How do I get a slice of the Bitcoin action
Coinbase seems to be one of the more secure cryptocurrency brokers (in my opinion). If you open an account with coinbase, make sure you set it up using a coinbase referral link like mine. Once you buy or sell $100 USD (£76) of digital currency or more, you will get $10 USD (£7) of free Bitcoin (as will your referer, which on the link above would be me). You can then help to grow the coinbase community and your own portfolio by referring your own friends with your own referral code.
Some people think one Bitcoin will be worth a house. Certainly the way things are going, this doesn’t seem out of the realm of possibility. If you are thinking of taking the plunge, I have already written a more in-depth piece on what a Bitcoin is and why various traders recommend investing.
As Bitcoin maintains its momentum upwards, it is likely that the Japanese cryptocurrency exchange market will show some stability. If so, the demand for Bitcoin will continue to increase.
Please Note: The views provided in this article are my own. Our blog posts do not offer investment advice and nothing in them should be construed as investment advice. You should always carry out your own independent research before making any investment decision.
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