—
Endeavor Metals Group (EDR), a precious metals brokerage service located in West Palm Beach, FL is now accepting Bitcoin (BTC) as a form of payment for investors looking to diversity into precious metals such as gold or silver.
The past few years building up to 2018 saw the world wake up to what Bitcoin and cryptocurrencies are. This emerging asset class gained a ton of momentum in the 2nd and 3rd quarters of 2017 which lead up to a grand finale of sorts during the 4th quarter. This 4th quarter rally in the crypto markets saw Bitcoin reach close to $20k. Few people in America were able to avoid the round table discussion about cryptocurrencies during the holiday season.
The parabolic moves made by the crypto market sure enough came to an end, as they say “what goes up must come down”, and this is exactly what happened in the crypto market. In a few short weeks Bitcoin plunged from $20k all the way down to $6k. This sell-off has triggered the bear market that the crypto market is currently in.
Not all is lost however, the market is showing great signs of recovery and many businesses and institutions are now looking to facilitate the use of crypto currency. Everything from small businesses looking to find ways to accept cryptos to the giants on Wall Street that are looking to facilitate institutional level trading. Many expect the future of this emerging asset class to be bright.
Many people have likened Bitcoin to a “digital gold”, a digital store of value. Only time will tell if Bitcoins volatile nature will help it truly morph into digital gold. One thing that is for sure, is that holding actual physical gold is still an extremely good store of value.
Endeavor Metals Group recognizes the potential in crypto currency, and in doing so has now made it so investors looking to diversify their portfolios into precious metals can use cryptocurrencies to buy them. A lot of people made a lot of money during the crypto bull run in 2017, and many of them wanted to secure their profits in something a bit more safe and far less volatile than cryptos.
For investors looking to diversify into precious metals that desire to use their Bitcoin profits for their purchase please check out https://edrmetals.com/
Release ID: 420433