At the beginning of 2020, the coronavirus pandemic struck the entire world. Economies around the world were literally shut down as governments instituted curfew and lockdown restrictions. As other financial assets dwindled in value, Bitcoin and other cryptocurrencies sprung to life. Bitcoin proved to be the proverbial ‘digital gold’ and its value rose from lows of around $4,000 in the Q1 2020 to over $23,000 in December of the same year, smashing the previous highs printed in late 2017. In a year that investor portfolios suffered the effects of COVID-19, Bitcoin provided the much-needed cure! We offer you the ability to trade Bitcoin on this platforms, where you can trade it against the US Dollar, and other currencies 24/7.
Like any financial asset, the price of Bitcoin is dictated by
the laws of supply and demand. Bitcoin has always been compared
to gold in this regard, in that there is a finite number of
coins that will ever be available. Beyond that, market
participants will, over time, determine the fair value of
Bitcoin depending on its use cases and adoption. Another major
price influencer is media coverage. In its early years, the
price of Bitcoin was constrained as the media branded it a
passing cloud and a coin for the dark web. In this age of social
media, such negative coverage can scare potential investors.
However, positive media coverage of both Bitcoin and its
underlying blockchain technology has provided favourable
fundamentals for the foremost cryptocurrency and emboldened
investors.
Bitcoin trading may be decentralised, but the power of major
governments around the world cannot be ignored. Bitcoin has been
the subject of frequent changes in regulation in various
aspects, including taxation. Part of the reason the price of
Bitcoin fell sharply after the highs of late 2017 was massive
regulatory pressures from China. But regulation is not
necessarily a negative fundamental. In some instances, positive
regulation serves as a tool to legitimise Bitcoin as a
mainstream financial asset, and this can lead to increased
demand.
Bitcoin’s price is also influenced by what happens within the
Bitcoin community. Part of the reason the price of Bitcoin
surged during the COVID-19 pandemic can be linked to the halving
that happened in May 2020. Bitcoin halving is when the reward
for mining Bitcoin is halved. This theoretically limits the
supply of Bitcoin as the incentive to mine is reduced. With
supply limited, demand increases, and the price of Bitcoin
increases as well.
AtBitstream Matrix, you can trade Bitcoin as a CFD.
Here is why you should trade Bitcoin with us:
As a CFD brokerage firm, we do not provide crypto wallets to store your Bitcoin. We simply provide access to intuitive platforms for you to trade real-time price changes of Bitcoin. We are also regulated in various jurisdictions around the world, which ensures that we comply with the highest standards of safety, including holding customer funds in segregated bank accounts.
We offer a leverage of up to 20:1 when you trade Bitcoin or any other cryptocurrencies. This means that you can extract and maximise your trading during marginal price changes or when you have limited capital.
Alongside Bitcoin, we also offer a selection of other coins and tokens that can be top additions to your portfolio. They include Ethereum, Litecoin, Dash, IOTA, NEO, Stellar Lumens, Ripple, EOS, and Bitcoin Cash.
We enable our clients to trade Bitcoin at competitive spreads. This is because, unlike exchanges, we do not need to charge miner fees or other transaction costs.
Open and close Bitcoin trades in an instant. We are backed by multiple, large liquidity providers which makes it possible for us to guarantee fast execution on all Bitcoin trades.
