Bitcoin IS a currency.

Bitcoin prices jumped on news from Elon Musk. That may be just the beginning. [Click to view in browser](. Dear subscriber, Cryptocurrencies have value because we agree they have value. They aren’t backed by any government edict. Bitcoin’s current price of $56,000 is what traders agree it’s currently worth. While many pundits call it a bubble, they ignore the reality behind the rise. As more people accept Bitcoin as a form of payment, the closer it becomes to a mainstream currency. And that’s where most people make a mistake. They look at Bitcoin like a stock, when in reality it’s a currency. Consider the Turkish Lira, a government-backed currency. With political and economic turmoil around their central bank, no one wants to hold Liras. Try going to any retail store in the U.S. and spend one and see how far it gets you. The same cannot be said for Bitcoin. Not only can you use it for businesses in the U.S., but many countries and companies around the globe also accept Bitcoin payments. Bitcoin’s value comes from its utility as a form of payment and transaction. The number of people using Bitcoin and the total volume continues to increase, not decrease. Yes, traders drive excess volatility in Bitcoin as do central banks. And there’s nothing to stop it from crashing back down to earth after a meteoric rise. In fact, chances are pretty high it will see prices drop in the coming months. But those calling for it to fade into oblivion ignore its growing acceptance. We’re not putting it in the realm of Dogecoin or others that move purely based on speculation. If we had to make a point of comparison, it’s closer to that of an emerging market currency, albeit not tethered to any political theater. The bottom line - Bitcoin shouldn’t be seen as a drag on any company. Nor should it be viewed as a stock. Its value comes from user acceptance and usage. The more users, the greater its value. In fact, many banks and broker platforms already hopped on board. Morgan Stanley recently began to offer its wealthy clients access to Bitcoin funds. That’s on top of PayPal and brokerages like Robinhood and others that offer access to cryptocurrencies. But if you want to go for stocks related to Bitcoin, [check out our recent blog post on Marathon (MARA) and Riot (RIOT).]( [GRANDSHORES TECHNOLOGY GROUP LIMITED]( [Read More]( 17358 [There’s a big reason why this company’s shares are on the move]( You don’t want to miss out on a chance to be a part of this innovative company who is becoming a powerful weapon on the fight against Covid-19 [Click here to learn more]( Sponsored [Has The “BUY SILVER AT ANY PRICE” Moment Arrived…?!?]( The decision requires answering one simple question… [Read More]( 9979 [Why These SPACs are So Dangerous: CCIV, TRIT, WKHS]( Chris Lau - Monday, March 22, 2021 Why These SPACs are So Dangerous: CCIV, TRIT, WKHS ... [Read More]( 4917 [Cannibas stocks continue to soar!]( And this company could be the pink diamond in the rough. [Read more here]( Sponsored [Run On The COMEX: We’re Going To Have A MONSTER Delivery Month In Gold]( SOMEBODY NEEDS AN URGENT SUPPLY OF PHYSICAL GOLD!!!!!!! [Read More]( 3677 [Enthusiast Gaming Holdings Inc.]( Baystreet Staff - Monday, March 22, 2021 Enthusiast Gaming Holdings Inc. 10:01 AM EST - Enthusiast Gaming Holdings Inc. : Announced that it has signed an integrated... [Read More]( 1741 [The Plant Based Food Revolution Has Gone Global]( Baystreet Staff - Thursday, March 18, 2021 The Plant Based Food Revolution Has Gone Global ... [Read More]( 1003 ['Cannabis banking bill will be reintroduced in the House tomorrow by @RepPerlmutter. The bill passed the House 321-103 in 2019, then stalled in the Senate' -Tweet From POLITICO Cannabis Reporter]( This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about on Benzinga Pro, our flagship platform for fast, actionable information that promotes... [Read More]( 374 [Bitcoin Miner Greenidge Generation Holdings Inc. and Support.com, Inc. Announce Merger Agreement]( This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about on Benzinga Pro, our flagship platform for fast, actionable information that promotes... [Read More]( 172 [HashMasks, CryptoPunks, & More… Inside The Multi-Billion-Dollar Market For Tokenized Art]( (as posted at ZeroHedge) [Read More]( 4 You are subscribed to email updates from [InvestingChannel](. To stop receiving these emails, you may [unsubscribe]( now. InvestingChannel, Inc., P.O. Box 118 New York, NY 10018. [Link](