Cryptocurrencies have found their way into the minds of investment managers and Wall Street moguls. These financial analysts and specialists are rejuvenating their crypto interests after the frenzy created by multiple Bitcoin ETF applications by various investment funds.
A general assumption typically made by the cryptocurrency community is that Wall Street participants are just eagerly looking to generate the same profits retail crypto investors have registered since the first crypto bull run in 2013, four years after Bitcoin was born.
What is Wall Street?
Wall Street is a street in New York, Southern Manhattan. It has achieved a global reputation as a financial district housing numerous institutions.
Wall Street plays a pivotal role in the economic growth of the US, making it the largest economy worldwide, with New York City being the country’s epicenter of economic status. Wall Street served as a bustling trade center since 1792, hosting more than 20 brokerage firms that gathered in the street to do business. The popularity of Wall Street led to the creation of a four-page newsletter dubbed The Wall Street Journal in 1889 by Charles Dow, Charles Bergstresser, and Edward Jones, which was dedicated to finance and business-oriented news.
Bitcoin as an Investment
Bitcoin could be a good investment for those looking for average crypto returns. However, the digital asset has outperformed the returns of major investment vehicles, including indexes and gold.
Although Bitcoin’s price is unstable, the cryptocurrency might be a good start for those looking to join the cryptocurrency bandwagon.
However, up-and-coming projects like Bitcoin Spark (a derivative of Bitcoin) also spark some interest.
Is Bitcoin Spark a Good Investment?
Bitcoin Spark is an opportunity for cryptocurrency investors looking for newer cryptocurrencies. The project stands out as an upcoming Bitcoin derivative poised to reshape the core fundamentals of DeFi through a new consensus mechanism and an advanced smart contract layer. Bitcoin Spark boasts as a gateway to a plethora of opportunities not only for investors but also for network participants. The platform promises a high-performance network that is currently undergoing pre-launch tests.
Bitcoin Spark’s early development comes as an opportunity. With a new consensus mechanism called proof of process, Bitcoin Spark has just begun its revolution. Proof of process is a heterogenous consensus mechanism linking proof of work and proof of stake activities by leveraging the untapped advantages of the two network validation methods to make the Bitcoin Spark network secure and more advanced.
Bitcoin Spark’s ICO is almost ending, currently in phase 8, where users can purchase the Bitcoin Spark native digital asset BTCS for only $3.25. After every purchase, investors will automatically get an 8% bonus calculated from their purchased amount deposited to their respective accounts in BTCS tokens.
BTCS tokens have been minted on Ethereum to ease up the ICO event. However, a bridging system will be incorporated into the Bitcoin Spark mainnet to allow holders to transfer the ERC-20 tokens to the Bitcoin Spark network after the mainnet release.
Learn more about Bitcoin Spark on:
Visit BTCS Presale: https://network.bitcoinspark.org/register
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