Why is the price of bitcoin reaching an all time high? One of the best serial entrepreneurs, explains Björn Seiz.
Bitcoin has become the new financial trend of the modern world, where investments in the same are doubling, says Björn Seiz. Over the years, we get to know many new advancements and developments that take place in different business sectors. It is always very surreal to know the talented minds, especially the young people who are behind the exponential growth of these industries; However, it is even more interesting to know that some advancements have become essential in getting the world to accept the new approaches to conduct business and propel with the increase in the use of digital assets like bitcoin.
Björn Seiz, aka O5O, who is a very influential serial entrepreneur from Switzerland, believes bitcoin is more powerful than it looks right now. He suggests people buy or invest in Bitcoin as that is going to be the future very soon. Björn Seiz aka O5O, who today is a well-known serial entrepreneur, investor, author and speaker, has not had it easy.
He started working at the age of 13 selling clothes online and even started his first business after a few years, which failed. However, instead of giving up hope, this youngster learned from his mistakes and decided to make a big comeback with his new business. In 2017, he founded his crypto and blockchain startup and even quickly achieved a market capitalization of $ 4.2 billion. Today, his expertise has enabled him to become an industry expert, advising and consulting other multi-million dollar companies to move closer to success.
The very talented and passionate 29-year-old entrepreneur suggested people buy bitcoin when the price was $ 3K and shared information and ideas about it on his social media platforms. The price of bitcoin has been steadily rising, even in the midst of the pandemic, proving the growth of the digital asset industry. What started as a digital currency a few years ago is not becoming mainstream, emphasizes Björn Seiz.
In response to the risk of economic collapse from Covid, governments around the world have flooded global markets with money created by central banks to increase spending and save the economy. However, the increase in the money supply gradually reduces its value, leading people to look for assets that are resistant to inflation. Such scenarios have further increased the importance and use of bitcoin, explains the young entrepreneur.
Björn Seiz points out that bitcoin investment by large companies has seen an increase as it is an upward market trend, also known as bull market territory. Factors like inflation and shrinking purchasing power amid huge stimulus spending are driving people towards valuable storage assets, including bitcoin. The young entrepreneur believes this will continue as the number of bitcoin users and mainstream adoption steadily increases.
Posted on January 18, 2021
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