What does Bitcoin can buy (Bitcoin can buy)

What does Bitcoin can buy mean? What does Bitcoin can buy mean? What does Bitcoin can buy mean?

According to the market situation, the current price of Bitcoin is 10300. Based on the current market price, Bitcoin has risen by more than 30% (the specific reason is yet to be determined). This indicates that Bitcoin has a high probability of breaking the $20,000 mark again in the near future.

However, from a technical perspective, the price of Bitcoin has not changed significantly. On the contrary, Bitcoin has risen to above $48,000 (the highest point in the past two weeks), and there is still a long way to go to the historical high of Bitcoin. So if investors want to buy at this low point, they can choose Bitcoin for long-term accumulation. Therefore, for investors, how can Bitcoin be bought and played?

Bitcoin can be bought

Can Bitcoin buy things? Yes, there are currently two options. One is to buy directly with fiat currency, and the other is to convert fiat currency (such as RMB) into Bitcoin. In the traditional financial field, banks, insurance and other institutions use this “cash”.

Currently, people can buy and sell Bitcoin through online banking. With Alipay and WeChat Pay, you can complete peer-to-peer transfer services. If Alipay or WeChat Pay is a way for merchants to accept Bitcoin payments, it’s the same principle. When users want to sell Bitcoin to themselves, they need to go to the bank to withdraw money. At this time, there is no need to worry, because many banks refuse to provide digital asset services to customers.

Therefore, if you really want to buy Bitcoin from a physical store or use Bitcoin for consumption, you still need to consider whether you can buy goods directly with Bitcoin-firstly, you can no longer take any money wallet, and then you can use other things.

So, you can use cryptocurrency to buy some physical goods and services. “Cash” refers to products purchased with credit cards. However, if you don’t have such products, your bank card may not exist. If you don’t plan to do this, then you won’t be able to buy anything with it: “Gold” refers to the value held by people who store wealth.

Of course, it can also be used as an investment. As long as it is not issued by a third-party company like stocks, and there are supporting securities from relevant custodian institutions, they will also be subject to corresponding supervision and supervision.

But here, one thing to note is that although Bitcoin itself does not generate actual economic benefits and its price may fall, Bitcoin can indeed bring huge profits. In addition, Bitcoin is also a feasible hedging tool. As more and more funds enter the market in this field, its volatility will gradually decrease.