When it first came into being, Bitcoin was worth literally six cents per Bitcoin. The whole world hardly noticed the currency. In fact, most would not have even have called it a currency at all at that point. However, with the price hovering around $10,000 per Bitcoin these days, many more people have taken notice.
The Oxford Club, a private group of investors and entrepreneurs who examine the markets at all times to look for trends as well as new ways to make money, have taken a look at the whole Bitcoin phenomenon and want to know if it is too late to get on board with it.
It turns out that about seventy-five percent of the trading done in Bitcoin is in Asian currencies. That tells you that it has been widely accepted in that part of the world. It is also starting to catch on in some of the emerging markets in South America and Africa. Thus, it could be in for an explosive surge even higher if conditions are right.
Still, it could also be possible that this train has already left the station. If you were the hopeful dreamer who bought Bitcoin when it traded for just a few dollars or even just a few cents per Bitcoin, then you are more than a little pleased with yourself today. However, if you are the person who is just now entering the party, you are probably a bit too late for this one unfortunately.
That being said, even if Bitcoin does not have as much room left to run, this does not mean that other crypto-currencies do not. It is possible that you could latch on to the next Bitcoin if you play your cards right. There are a number of other crypto-currencies out there that may still be a worthwhile investment to you.
Crypto-currencies are an asset in and of themselves at this point. Bitcoin paved the way for them to be respected. Now, it just might be possible to gain more income from them if you invest in the right ones going forward. Perhaps another one is destined for the same kind of path that Bitcoin itself has been on.
Follow Oxford Club on Twitter: https://twitter.com/The_Oxford_Club