Businesses in Atlanta See Bitcoin as the Currency of the Future

by | Jul 20, 2021 | Financial Services

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It is easier than ever to find a Bitcoin ATM near Atlanta. Atlanta is a thriving city. It is full of businesses that are at the cutting-edge of technology. This is why so many people in Atlanta use Bitcoin and other cryptocurrencies as a form of investment.

Some question how viable cryptocurrencies are as investments when buying from a Bitcoin ATM near Atlanta. The reason for this is because their own cryptocurrencies cannot generate cash flow. The only profit a person gets from cryptocurrency is if someone else is willing to pay more for it than they did. This is often referred to as the greater fool theory of investment.

Conversely, a well-managed business will increase its value through time by increasing the cash flow of the operation. Still, many people argue that cryptocurrencies, like Bitcoin, are the currencies of the future. And while this is true, before cryptocurrencies reach the ability to be actively used as currency, they need stability.

The volatility that is a hallmark of cryptocurrency is also part of the reason why people have made so much money off various coins. Consider this example. In December 2017, Bitcoin was trading at $20,000. At the end of the same year, it was trading at $3,200. However, by 2021, it was trading at over $60,000. There is money to be made in cryptocurrency as can be seen by this example.

Learn more about the future of Bitcoin and see how RockItCoin Bitcoin ATM is helping people get access to Bitcoin via ATMs and kiosks by visiting this website.

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