Bitcoin has been a multimillion dollar market for a couple years now but when compared to the likes of social Media giants such as Facebook or Twitter it would just seem so incomparable. On one hand there are these giants that are all over the internet and on the other there is Bitcoin which is just gaining traction and it would be pretty rare to see an advert for it. However it has come as a shock to many as it was revealed how the Bitcoin market is currently worth more than twitter, sitting at a very respectable figure of $10,000,000,000 it eclipses the value of Twitter by nearly half a billion Dollars.
The Bitcoin market has expanded considerably due to the immense price rise pushing Bitcoin over a double of its price in the span of a month as prices hover around the $700 figure currently. Gaining the attention of governments all around the world Bitcoin is gaining particular popularity for its remittance and block chain opportunities’ as the US government has already handed out over $3 million in funding for crypto companies.
To conclude the recent growth boom of crypto particularly Bitcoin is set to fuel considerable long term projects in and around Africa, which has turned into a key battleground for economic stability. Bitcoin has been able to rival the likes of the Naira, when capital controls and commodity shortages rocked markets and this stability has been the simple aspect which ensures financial security. The current Bitcoin price still as potential to grow, with the halving coming up another huge increase would not be surprising, and current markets have push analysts to giving the currency a strong buy signal with targets around $736 currently. You can easily purchase Bitcoin via the NairaEX exchange and deposits of Naira are converted within a matter of hours with locked exchange rates to make sure volatility doesn’t have reduce the value of your transaction.