Ever since Bitcoin came into existence a lot of techno savvy people started small companies in the form of Bitcoin startups. Many of them made big to the industry and some of them like Mt Gox collapsed over the passing years. Needless to say every month a couple of Bitcoin startups comes to existence and similar number of startups goes bust.
There is an enormous opportunity to unite the world with a global currency system and for that Bitcoin is an ideal solution. However, at this point and time most people who are using other cryptocurrencies may claim that there are some limitations and suggest other options like litecoin, dogecoin, etc. These may also be considered but Bitcoin is the real winner in the race. Of course that doesn’t mean that you shouldn’t invest in litecoin, dogecoin and there are a lot of platforms out there offering these cryptocurrencies in exchange and there are places where you can buy litecoin with credit card pretty fast and secure.
Notwithstanding what using Bitcoin as an investment vehicle, much like gold or a commodity, rather than the currency or even the currency protocol that it can be used for has become quite a practice now. A lot of users trust Bitcoin than other currencies; this is visible a lot of time. For instance, during Greece economic crisis people started hording Bitcoin in the country.
Finding out the Money is Difficult for Bitcoin Startups
Most venture capitalists are playing with the question of whether to invest in the currency or companies. There are some companies which face a lot of trouble in terms of performance and that is a reason where a lot of investors don’t want to invest in Bitcoin startups. On the other hand, the same investors think as the cryptocurrency appreciating, they should invest in it.
Needless to say Bitcoin startups that provide remittance processing services are the ones that are getting some traction among users and financial viable. Also, this only makes sense with a global currency and value more than USD 500billion a year market; there is huge prospect for the investors to get into the business.
Some popular Bitcoin Startups that Became Big
A number of Bitcoin startups came to existence over the last couple of years. Some flourished some collapsed. Some known entities in the business included Coinbase, BitInstant, Ripple, Bitstamp, etc. amongst others. These were the companies that made the cryptocurrency popular all around the world.
Most of these companies are still at the early stage; however, they are truly the most successful Bitcoin startups that encourage venture capitalists.