When talking about investing, you have to be aware of some of the big names in Australia taking the lead in investments. One of the high-ranking investors is Roger Allen, the Director, Chairman, and Co-Founder of Allen & Buckeridge. One other top-ranking investor you have to know about is Richard Baker, the Co-Founder of Blackbird Ventures.
Although you can find many low-ranking Australian investors climbing the ranks in investing, they now start by learning how to buy Bitcoin in Australia. You should know that bitcoin’s market is growing because the cryptocurrency is effortless to purchase. But if you have underlying doubts about buying Bitcoin, you have to find out about the many benefits it will bring you.
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Advantage #1. Bitcoin is increasing its value rapidly
Ever since the sudden success of Bitcoin in 2020, many Australians and people in other areas worldwide have begun accepting Bitcoin and using it to buy almost anything they want or need. Studies have shown that Bitcoin wallets rose from 47 million to 71 million within 12 months from 2020 to 2023.
Unfortunately, many people in Australia and other countries still have no clue about Bitcoin. You have to expect that its value will steadily rise until it becomes accepted worldwide as one of the most utilised cryptocurrencies. It would be ideal to buy Bitcoin as early as possible while its prices are still at a reasonable value.
Advantage #2. Low chance of its value dipping
When talking about investing, other Australian investors usually stand by stock market values until they increase over time. That is what every investor calls the “dip”, and they constantly watch out for any dips in the market since it prevents them from losing anything in terms of investment.
Nonetheless, other Australian investors are still waiting for Bitcoin to dip in the market, but what they encounter is the opposite, as it is growing at a rapid rate. When a stock is steadily growing in a market, there are fewer chances of its price lowering. A beginner cryptocurrency investor has to learn how to buy Bitcoin in Australia right away before its prices increase to the point that they will have a tough time buying them.
Advantage #3. Many Countries Adopting Bitcoin
Most of the American population used Bitcoin once it was legitimised in February 2020, so investors outside of America were not interested in investing in Bitcoin. But after several months, some countries like Europe started accepting Bitcoin as their official money status, most notably France. Read also about wpc15
Australia is also welcoming Bitcoin due to a large number of Bitcoin investors using it to purchase their needs and wants, like monthly bills. You also have to know that Bitcoin has no limitations, meaning that transactions will not be influenced by government holidays or strikes. You can make all sorts of transactions with Bitcoin, whether you need to make a daytime or nighttime purchase.
Advantage #4. Not a Single Entity Controls Bitcoin
Lastly, most Australian investors choose Bitcoin because no single entity has control over it. Having a server to server connection with excellent encryption means that you do not face safety problems with the cryptocurrency.
Today, investing in Bitcoin is easy due to the different companies selling them. Make sure to invest in Bitcoin as early as possible before its value rises at a ridiculous rate, most notably if you want to avoid investing too much money initially.
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