PMBC Group’s client, BitcoinIRA.com, was featured on FXEmpire.
Bitcoin made news in 2017 largely because of its extraordinary rise in value from just over $1,000 to about 20 times that value by the end of the year. Its sudden drop in early 2018 and cautious recover led many investors – both seasoned and amateur – to question whether Bitcoin has any long-term value and how similar is Bitcoin to Amazon meteoric rise?
Volatility, however, is an indicator that a potentially powerful force is coming into its own. In this regard, one might think of Bitcoin as a new Amazon: navigating some growing pains but developing innovative solutions to help solve them.
At this point, it’s safe to say that Amazon has achieved retail dominance, and while Bitcoin’s story is in a much more formative phase, its monumental upward trajectory points to its increasingly dominant role in the global financial landscape.
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