My favorite way to buy bitcoin instantly is in OTCBB ticker GBTC and I hold it in my personal trading account.
I’ve probably responded to at least a dozen questions recently on if I think bitcoin is in a bubble. My answer is no, bitcoin is not in a bubble.
Just today we have more news coming out that shows growing demand for the cryptocurrency.
BITPoint Japan Co. is planning to give hundreds of thousands of Japanese retail outlets the ability to accept the digital currency according to a report by Bloomberg. I have linked to the Bloomberg article above.
Think about what is happening with this digital currency. In just the last few months we have Japan being the first country to recognize bitcoin as legal tender. We now have a yen bitcoin carry trade where as the Japanese government prints and devalues the yen, Japanese citizens can buy bitcoin to preserve their wealth. We will have more and more retailers in Japan accepting the cryptocurrency. We will be seeing lots of new reports coming out of Japan about how bitcoin is taking an expanded role in the monetary system. I would not be surprised to see bitcoin banks opening up in Japan like the kind we have in Austria. Bitcoin can’t be in a bubble because the catalyst is massive growing demand for the digital currency.
The best way to buy bitcoin instantly is to use your online brokerage trading account and to buy OTCBB stock GBTC. You don’t need to deal with any risky currency exchange service with a third-party provider that has the right to shut down your account at any time and you don’t have to wait days for a bank transfer to show up in your account from so remote bank in Latvia or somewhere. You can buy bitcoin instantly in your own currency using Etrade or whatever online brokerage firm you use.