Will bitcoin be a good investment in 2016?
Bitcoin has witnessed an exponential growth in recent months and has started gaining attention among the media and government authorities. Several multinational corporations and financial institutions have started embracing bitcoin as a legitimate payment system. Bitcoin is the most popular digital currency holding around 80{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} of the market share and its market cap is worth more than $10 billion currently. Bitcoin offers faster transactions with anonymity and reduced costs, making it an attractive choice for online traders. Some of the key reasons to consider Bitcoin as a good investment for 2016 are listed below, Increased Acceptance: Bitcoin is gaining popularity as more and more investors have started showing interest in this borderless digital currency. Based on certain financial reports, there has been around 44 percent increase in the number …