The founder of PassyXchange, a platform for buying and trading of Bitcoin and other cryptocurrencies has explained a preference and advantage of investing in cryptocurrency over other trading platforms.
Pashcal Offor, the Chief Executive Officer , PassyXchange disclosed this yesterday during his annual mentorship program on bitcoin trading.
He said why he preferred to trade in the digital currency than investing in stock market is that, he feels and believes that the stock market has been influenced by authorities and agencies involved.
“While Stock market runs a Monday to Friday business, with some nations not having access to buying the stocks in USA for instance, bitcoin is borderless; hence anyone from any part of the world with a smartphone connected to the internet can buy bitcoin without restrictions.
Stock investments are great if done right, but I will choose bitcoin over stocks any day.”
Continuing, he added that Bitcoin investment is like buying digital assets on the internet as it does not require government license or certificate, adding that stock investments are majorly influenced by the company involved and its profit and performance for a given period of time. He said that it is easier to buy and invest in bitcoin than stocks.
To buttress his point, he gave a personal experience that spurred him into going full scale into the business while at the same time giving an insight into the business of bitcoin trading.
“Bitcoin is simply a decentralised digital currency or cryptocurrency that is not controlled by any government or central bank and can be sent from person to person through the bitcoin network. This asset totally changes the way we view the traditional currencies and is a great development for the future and I feel people need to understand fully what bitcoin is before trying to understand the business of bitcoin