Cryptocurrencies have made their entry into the everyday marketplace, but only a few businesses have been able to incorporate these into marketing. Although Ethereum and Bitcoin are known well among the global community of businesses, several of the corporate and companies are avoiding these for no apparent reason.
The young businessmen have always been in favor of cryptocurrencies. Further, millennials also prefer the use of cryptocurrencies for a variety of reasons. Thus, it is a huge possibility that today’s leading businesses could tap into the full potential of cryptocurrencies. Meanwhile, several huge names in the global business have taken to social media to inform that they are accepting this form of currency. This is a great way to boost their business while also using cryptocurrency as an effective tool for marketing.
Even the largest corporations realize the potential of cryptocurrency in establishing a good brand name. For instance, companies like PayPal, Subway, and Microsoft have started accepting cryptocurrencies. This is also a part of their plan to let in as much cash as possible, while also allowing the shoppers the convenience of choosing the form of money that they would like to make the payments with.
One of the initial steps in cryptocurrency marketing is to announce what you are planning to do in the coming time. Just by accepting cryptocurrency in your business would not suffice. Instead, you have to make everyone around you know your intentions clearly. This advertisement shall prompt them to spend their cryptocurrency on your product. Besides, you can also use the help of social media platforms. Websites like Facebook are more accepting of cryptocurrency related adverts.
Secondly, the importance of portraying yourself as a long-standing player in your industry is very important. Let your clients know that you are living on the edge of innovation and are not to adopt the latest changes.
Crypto Analysts Predicting a Good Run for BTC
Bitcoin has finally proved that it can withstand the difficult times in the crypto environment. Analysts are predicting an imminent upsurge in the coming days. Roy Blackstone remarked that you could draw parallels between Bitcoin’s current momentum and the state of Nasdaq post-crash.
If the cryptocurrency ecosystem follows a similar route as observed in Nasdaq’s epic recovery after the great depression of 2008, there would be a leap in Bitcoin’s worth in the coming years. This is predicted in view of the upcoming block reward reduction.
Popular researcher Filb noted that Bitcoin’s market cycles had a resemblance to its previous year cycles. CoinMetrics, a US-based blockchain analytics firm raised $1.8 million in a round initiated by Nic Carter’s Castle Island. It also noted that the BTC transaction value has begun to rise.