It's been 11 years since Bitcoin was launched on the market And, amid predictions of collapse and periods of sharp acceleration, the virtual currency seems to have lasted a long time, until it became a consolidated reality in the world economy.
In many sectors, not just in the digital world, bitcoin is becoming a valid tool for monetary transactions, opening new scenarios in the foreseeable future.
So what to expect in this 2020?
Bitcoin evolution in the near future
If the first years of bitcoin's life have mainly involved the most fervent lovers of technology, over time, the cryptocurrency has become a monetary system for all purposes, although virtual. In fact, electronic currency has managed to establish itself and penetrate several other sectors, to the point of appear in the main investment portfolios.
In other words, bitcoin is now geared towards market of investment assets and its negotiation is becoming increasingly complex, which requires the support of professionals in the sector.
One of the main innovations that are affecting cryptocurrencies in recent times is precisely their entry into regulated investment platforms such as eToro, which now includes virtual currencies among its online trading proposals.
Bitcoin, but also Ethereum, BCH, DASH and LTC, are only a fraction of the cryptocurrencies that these online trading companies allow to buy and sell, just as happens with the normal shares that are traded on the Stock Exchange.
Games and casinos, cryptocurrencies as a fast and secure payment method
One of the sectors that was perhaps among the first to consider Bitcoin as a viable alternative to classic payment methods is undoubtedly that of online games. Beyond the “virtual” link between the two worlds, blockchain has literally transformed the gaming sector, where games like CryptoKitties They collect the collection, purchase and sale and virtual coins under one roof. The online casino sector is no exception, as portals specialized in casino games They are interested in bitcoin deposits for various reasons.
The advantages of using bitcoin in this particular sector are different and refer both to safety factor as well as convenience in terms of savings and speed of transactions.
Unlike traditional payment methods, in fact, cryptocurrencies are not subject to tariffs and usage taxes and are not subject to the control of large banking and financial institutions, making them easier to use without losing security: each Bitcoin transaction is encrypted and secure from any point of view.
All this adds to the immediacy of transactions, which is one of the main characteristics of cryptocurrencies, while normal bank payments generally take a few days to complete, bitcoin is instantly transferred to the recipient's account, thus eliminating one of the more classical "barriers" of the traditional monetary system.
Bitcoin in online shopping, a fast growing system
Bitcoin and cryptocurrencies, as mentioned above, today represent a payment system in every respect, to the point that they have come into common use even among those who buy online. According to an investigation by the American company SEMrush, virtual currencies are today in third place among the most used payment methods, followed only by PayPal.
The growth in the number of portals that accept this system is constant and there are an increasing number of leading brands, such as Microsoft, to sell movies, applications and games from the online stores of Xbox and Windows, Expedia for online travel reservations and Overstock, one of the world's largest online retailers.
Even for this year that has just started, the prospects seem to point towards a greater growth in this extensive sector, which has now emerged from the nerd niche to become a great economic reality. Beyond what has been suggested in recent years by detractors, as has already happened with other innovative systems such as PayPal, cryptocurrencies must therefore be seen today as a payment and investment instrument for all purposes, which could soon enter our growing liquid everyday life.