Biggest Names Adding to the Trust of Bitcoin

If you were asked by someone which digital coin was the most trustable, you should not hesitate and say Bitcoin. It remains the most powerful of all digital assets, offering people lots of liquidity, acceptability, and of course, trust. Do keep in mind that trust requires a lot of different factors to play at the same time. One of the things that can really contribute to elevating the trust of investors in any digital currency is the people who are investing it.

If you have some big names buying BTC or even trading it in any direction, people would trust Bitcoin more than any other digital currency. It is fortunate that the biggest market share holder in the world of cryptocurrencies has a lot of trust because of the biggest and most popular entities in the world investing in it. Let’s take a look at some of the most famous and well-known ones.

Tesla

That’s a name you probably know. The world will soon know this name even more. The CEO of the company, Elon Musk, has been in the limelight for his support of digital currency. Now, it is debatable for some people whether he is serious about his support for the digital coin or not, but there is no doubt he loves his digital assets. The company was once accepting BTC as a payment method. At the same time, it still has billions of dollars in Bitcoin, saved aside as its digital asset.

It is true that Elon Musk did put people in doubt when he stopped accepting BTC as a payment method. However, it has recently become clear that the company still has it in its plans that it will start accepting payments in the form of Bitcoin soon. This is great news for those investing in the biggest digital coin in the world.

Michael Novogratz

If you want to talk specifically about people who have always supported Bitcoin without any doubts and with no blotched reputation, then you have to mention the Goldman Sachs partner, Michael Novogratz. Not only is he a big investor in this currency but also a big supporter. While other are doubting the future of Bitcoin or cryptocurrencies as a whole, he is always making predictions in favor of the market. As it turns out, he has proven to be right on more than one occasion. Whatever position he predicted for Bitcoin 2020 was correct and things moved according to his prediction.

Nearly 20% of all that he owns consists of cryptocurrencies, and it is no other cryptocurrency than the big one i.e. Bitcoin. The thing that really sets Michael apart from other investors and well-known people who have invested in Bitcoin is that they never lost his trust in this currency. He has stuck to his Bitcoins even when the digital asset was at its lowest possible price point.

MicroStrategy

They say it is never too late to make a change, and that’s exactly the motto this company has followed in recent years. You can’t say that this company entered the digital currency world early on—in other words, it is not a pioneering investor. However, despite the fact that it entered the market pretty late, it went full out. In recent times, MicroStrategy has continued to add Bitcoin to its wallets. The number has been getting bigger with the passage of time. It’s buying speed was rather perplexing for many because there came a time when every minute, the company was adding close to $60,000 worth of BTC to its wallets.

Final Thoughts

Now, if you have been thinking about adding Bitcoin to your cryptocurrency trading portfolio, these are some people who should give you a great confidence boost. If they can put their trust in this digital currency and hold on to it even in the worst times, there is no reason why you can’t. Get inspiration from them and see how far you can go with your crypto investments.

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Text source: Coinfrog

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