With so many cryptocurrencies on the market right now, it’s logical for the team to ask why they ever chose Bitcoin specifically. Many other cryptocurrencies on the market may be more efficient or charge less transaction/exchange fees. However, they chose Bitcoin because it has proven to be accessible and reliable since it first came along.
Choosing the best cryptocurrency to invest in is a decision that shouldn't be taken lightly. Every asset works and behaves differently, so you can’t expect the same result from all of them. In this particular case, the team believed the safest way was to go with the most popular cryptocurrency since it’s the one with more information and market liquidity.
Needless to say, they’ve studied Bitcoin the longest. While they still don’t know absolutely everything about it, they have acquired quite a bit of knowledge they wanted to share with the world. Considering all the feedback that Bitcoin has been getting recently, you don’t have to be an expert to notice that it’s becoming a mainstream product.
This means that it might be a good opportunity for you to trade on Bitcoin: It’s easy to get, there’s a broad amount of information on it, and you have many platforms at your disposal to trade on it. Overall, the team chose Bitcoin as a foundation for Bitcoin Oracle Ai because it’s widely considered by some experts as the safe and effective choice, and hopefully, it could be the same way for you.
One of the main concerns that most investors get with cryptocurrencies is not knowing what the future has in store for them. A cryptocurrency could be doing great and then lose its value completely in a couple of days! However, things are not exactly the same for Bitcoin.
Bitcoin has shown a steady growth cycle over the past five years, and some experts believe it’s still going to increase in value and popularity over the next few years. Additionally, According to those experts, Bitcoin is believed to be the future of financials in this new digital era, so it’s unlikely that it’s going to die anytime soon.
However, one thing that can arguably happen is that Bitcoin can be fairly harder to acquire as the years pass; this is because more and more people are acquiring the crypto simultaneously, which decreases the amount of Bitcoin available on the market. Bitcoin is not expected to run out soon, but it can be harder to get in the future.