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3 Great Places to Buy Bitcoin In 2021

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Bitcoin (BTC) has attracted the attention of thousands of consumers who find it a highly convenient and reliable store of value.

Despite being the oldest digital currency, it is hosted by a secure decentralized blockchain, whose operations are not managed by a central authority.

Moreover, there is a rising trend in the number of individuals and businesses preferring BTC payments over fiat currencies. The demand is due to its immutable transactions and relatively lower charges regardless of geographical location. Also, the Bitcoin’s price is steadily rising and volatility is dropping.

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The rush for Bitcoin has led to the establishment of platforms to buy Bitcoin. Let’s have a look at three great places you can purchase Bitcoin in 2021!

Cryptocurrency Exchanges

These are online platforms where buyers and sellers of digital assets can trade.  A user can exchange cryptocurrencies with fiat currency or other crypto assets depending on the platform’s services.

A buyer who wants to buy Bitcoin first creates an account on the platform. The user may be required to submit personal identification information on some exchanges whose operation policies demand “Know-Your-Customer”(KYC) procedures.

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The popular methods for paying for the Bitcoin purchase are debit cards, wire transfers, credit cards, bank accounts, and exchanging other cryptocurrencies for the king crypto. These kinds of transfers usually attract transaction fees. Coinbase, Binance, and Kraken are some of the leading exchanges.

Bitcoin Brokers

A user looking forward to buying Bitcoin can also do so through brokers who are either companies. Most of them act as intermediaries between crypto exchanges and users or serving as crypto on-ramps. Most brokers only allow a one-way transaction; users can only buy not sell. However, the brokers charge a premium on services offered.

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Like the crypto exchanges, a user has to enroll on the platform first to consume their services.

Bitcoin ATMs

Bitcoin “buying” services are now available on specially designed Bitcoin Automated Teller Machines (ATMs). Bi-directional ATMs not only provide a “buying” option but still have the “sell” option.

The payment options for the purchases are debit cards and even cash. Some ATM providers, though, would require the buyer or seller to have registered for an account to be able to make a deposit or withdrawal.

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Bitcoin ATMs machines use the internet to connect to a crypto exchange, offering a convenient way of buying Bitcoin. Though they are safe, the transaction fees are relatively higher compared to the crypto exchanges.

Summing Up

The three alternatives are great ways to buy Bitcoin. However, the preferable choice for any user hinges on convenience, trading fees, and anonymity.

The ATM option is not the best when it comes to privacy. Some machines will require you to upload identification details for some enrolment before they can process your request.

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Exchanges and brokers provide the opportunity for comparing the varying prices of Bitcoin though the former provides trading facilities unlike the latter. However, security and convenience should, more often than not, influence your choice.

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Bitcoin

The Cycle Started, Mike Novogratz Says – Bitcoin Boom Is Here; Jack Dorsey Boosts BTC’s Price

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Mike Novogratz is one of the essential names in the crypto space which is celebrating the booming price of Bitcoin.

Check out what he had to share with his followers and Twitter fans:

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Someone hopped in the comments section and said this; ‘Anyone who has not yet embarked on the crypto band wagon is a simple minded idiot who knows nothing about markets, freedom or wealth creation.’

Jack Dorsey boosts the price of BTC

It’s been also revealed that Jack Dorse said that Square could build a BTC mining system – this obviously triggered a more massive price race for the king coin.

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $61,118.15.

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CNBC online publication just noted that Square CEO Jack Dorsey said late on Friday the company is considering jumping into BTC mining business.

Dorsey tweeted that the company is considering a “bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.”

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Dorsey’s goal would be to make crypto mining more accessible. We suggest that you check out the complete thread that Dorsey shared on his social media account in order to learn all the available details.

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Pantera Capital’s Dan Morehead: Bitcoin (BTC) Already Up 100% in This Bull Run

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How big is median increase in Bitcoin (BTC) price in bullish market phases?

As Bitcoin (BTC) reclaims $62,000 level, Dan Morehead, CEO of the first-ever cryptocurrency-focused VC firm in the U.S., shares the comprehensive statistics of the last six bull runs for Bitcoin.

Bitcoin (BTC) price doubled in 87 days: Bull Run 2021

According to the latest tweet by Mr. Morehead, the Bitcoin (BTC) price witnessed a 2x increase in the first 87 days of the ongoing bullish wave.

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Unlike many other experts, Mr. Morehead identifies two separate “bull run” phases in 2020-2021. During the previous one, between March 16, 2020, and April 14, 2021, it took 394 days for Bitcoin (BTC) to increase its price 13x and print a new all-time high.

According to his infographic, the most impressive rally ended with a 106x increase of the orange coin’s price in 2015-2017.

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That said, the median Bitcoin (BTC) price bull run lasted for 300 days and increased the “king coin’s price” by 15x.

Will Bitcoin ETF mark the top of the BTC cycle?

At the same time, according to “The Next Price Era” letter issued by Pantera Capital on Oct. 6, 2021, the hotly-anticipated approval of Bitcoin (BTC) ETFs is listed amidst the possible “sell the news” events.

Mr. Morehead noticed that the launch of CME Bitcoin Futures and Coinbase direct listing triggered painful bear markets:

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Will someone please remind the day before the bitcoin ETF officially launches?  I might want to take some chips off the table.

As covered by U.Today previously, similar statements were made by CNBC’s Jim Cramer.

The seasoned analyst also revealed his plans to “cash out” 50% of his Ethereum (ETH) bags.

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Bitcoin Will Significantly Underperform Altcoin Market As New Crypto Price Era Unfolds: Pantera Capital’s Dan Morehead

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The founder and chief executive officer of Pantera Capital says that investors can expect altcoins to outperform Bitcoin (BTC) in the long term.

In a recent edition of Pantera’s Blockchain Letter, the head of the digital asset management firm outlines Dan Morehead’s key quotes from the SALT 2021 conference in New York. During the conference, Morehead said that even though his company has greatly profited from BTC, he emphasized that most future crypto gains will come from altcoin investments.ADVERTISEMENT

“My perspective is: Bitcoin has been amazing – Pantera Bitcoin Fund is up 67,000% since inception. However, I think the majority of future gains will be from tokens outside of Bitcoin. I know that sounds heretical to some people here, but that’s my professional opinion.”

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Morehead compares the rise of Bitcoin and its competitors to that of the tech industry boom during the late 1990s.

“It’s like saying in 1998 that [the] majority of future tech gains would come from outside Microsoft.

At the time, Microsoft was worth $218 billion, Apple $3.5 billion, Amazon was $2.2 billion. Google and Facebook were zero – they didn’t even exist. In the years since Microsoft did great – it went up 10x. However, 80% of the tech gains in these five stocks came from outside Microsoft.

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That’s the view I have here – I think BTC is going to go up a ton – like 10x. It’s a great investment…[but] I think the broader portfolio is going to outperform.”

At time of writing, BTC has a market cap of $1.156 trillion while all altcoins combined have a market cap of $1.327 trillion, according to CoinMarketCap.

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