Bitcoin ATM – Learn More About The Market Outlook For 2020-2021
In 2020, Bitcoin ATM’s have become more popular than ever before as consumers from institutional investors, to “mom and pop” investors, have used these ATM’s to invest in Bitcoin and diversify their investment holdings from stocks and other traditional investments to Bitcoin.
With Bitcoin becoming more of a household name in 2020, the big question is what is the market outlook for 2020 and 2021?
Thankfully, the market outlook for Bitcoin is the strongest that it’s ever been because the state of the U.S. economy has prompted many investors to get started with Bitcoin and avoid stock market losses like those that occurred in March 2020.
Bitcoin Is Up 30% In 2020
With the U.S. Dollar on shaky economic ground, it makes sense that more investors are getting involved with Bitcoin because they want to diversify their holdings and not be just invested in stocks, should another economic depression grip the United States.
As of July 2020, Bitcoin has passed the $11,000 level, and it’s easy to see why this Cryptocurrency could go much higher than that this year because the U.S. Government has to continue pumping money into the economy just to keep it going, and the value of the dollar is declining.
With the dollar down significantly (year to date), it makes sense that investors are pumping money into Bitcoin and Gold at record levels. This isn’t expected to change for the remainder of 2020 or 2021 because with a potential political shakeup in Washington coming in November, it’s likely that the U.S. Economy will continue being unstable for at least the near future.
How Easy Are Bitcoin ATM’s To Use?
The good news is that Bitcoin ATMs are user-friendly and these machines can be found in most cities around the world.
Most Bitcoin ATM’s will require you to already have a Bitcoin wallet, but in some cases, you may be able to print a paper wallet and transfer the Bitcoin from the paper wallet to your digital wallet when you get home.
To pay for your Bitcoin at the ATM, you can use cash, ATM, or debit. The entire transaction takes just minutes and it’s an easy way for anyone to invest in Bitcoin from a convenient Bitcoin ATM.