Bitcoin Proves To Have The Best Store Of Value Over The Last Decade
By Luke Flowers – Crypto Specialist
Bitcoin since 2010, has died over 377 times at the hands of experts and renowned media outlets. At the top of the bear market in 2018, Bitcoin had been declared dead over 90 times as many looked to sell Bitcoin and cash out crypto.
We have almost reached the end of 2019 and Bitcoin still manages to do well by carving a niche in the financial system. When speaking to blockchain executives and researchers, as well as crypto traders, they all agree that buying Bitcoin offers a strong value proposition. By offering this, the coin can conquer many short fallings.
Bitcoin the Best Performing Asset of All Time
Since its launch back in 2019, the cryptocurrency giants price has grown by 164,000%. This is exactly why The Crypto Oracle, a distributed ledger technology (DLT) expert, was absolutely certain that Bitcoin had proven itself to be a solid store of value.
The researcher tells CCN that they would argue that Bitcoin has proved itself as a good Store of Value (SOV) when analysing the price movement over a longer time frame. Over the duration of Bitcoins life, it has become the best performing asset in the world. Many refer to the wild swings as negative activity, but price movement has allowed the asset to boom if you were an investor buying Bitcoin back when the network was younger.
They also added:
“It’s on the way to being the only non-correlated SOV asset in the market”. This means the price movement is separate from the movement of other SOV assets, which can become increasingly popular in financial uncertainty. During this uncertainty, many investors will seek to buy and sell Bitcoin and other assets they believe will hold their value.
In times of indiscriminate quantitative easing, Bitcoin has become a strong SOV, says Transform Group chief strategy officer, Enzo Villani. He elaborates that the World Bank and members have been discussing quantitative easing in which printing money has become common practice and co-ordinated efforts are needed to address the issue.
Don’t forget to head on over to our platform to buy and sell Bitcoin UK through your trusted Bitcoin broker.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards