Why is the bitcoin price increasing to an all-time high? One of the top serial entrepreneurs, Björn Seiz explains.
Bitcoin has become the new financial trend of the modern-day world, where investments into the same are doubling up, says Björn Seiz. As years pass by, we come to know about many new advancements and developments that take place across different business industries. It is always very surreal to know about the talented minds, especially youngsters who are behind the exponential rise of these industries; however, it is even more interesting to know that certain advancements have become instrumental in making the world accept the newer approaches to carry out businesses and propel with the rise in the use of digital assets like bitcoin.
Björn Seiz, aka O5O, who is a highly influential serial entrepreneur from Switzerland, believes that bitcoin is more powerful than what it seems right now. He suggests people to buy or invest in Bitcoin as that is going to be the future very soon. Björn Seiz, aka O5O, who is today a well-known serial entrepreneur, investor, author and speaker, did not have it easy in life.
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 losing hope, this youngster learned from his mistakes and decided to make a big comeback with his new venture. In 2017, he founded his startup in the crypto and blockchain space and shortly even made a market capitalization of $4.2 billion. Today, his expertise has allowed him to become an expert in the industry, advising and consulting other multi-million dollar companies for getting nearer to success.
The 29-year-old, highly talented and passionate entrepreneur had suggested people to buy bitcoin when the price was 3K dollars and had shared information and insights on the same on his social media platforms. The bitcoin price has now been consistently rising even amidst the pandemic, which proves the growth of the digital assets industry. What initially began as a digital currency a few years ago is not becoming mainstream, points out Björn Seiz.
Responding to the risk of the economic collapse due to Covid, governments worldwide flooded the global markets with the money created by Central Banks for increasing the spending and saving the economy. However, increasing the supply of money gradually crumbles its value, which leads people to look for inflation-resistant assets to hold. Such scenarios have further increased the importance and use of bitcoin says the young entrepreneur.
Björn Seiz highlights the fact that investments in bitcoin by big corporate companies have seen a rise as it is an upward market trend, also known as a bull market territory. Factors like inflation and reduced purchasing power amidst enormous stimulus spending lead people towards store-of-value assets, including bitcoin. The young entrepreneur thinks that this will continue as the number of bitcoin users and mainstream adoption is constantly increasing.