The surprise victory of Donald Trump in the just concluded U.S. elections is one of the biggest Black Swan events of 2016. In fact, it would be hard to choose the event that is most likely to change the face of the world between the Brexit vote and the emergence of Trump as president-elect of the United States. However, investors are seeking refuge in safe-haven assets and alternative assets in order to protect themselves from the uncertainties that might be unleashed on the global scene.
Soon after the U.S elections, Peter Smith, CEO of Blockchain revealed that there’s a marked uptrend in the number of people embracing Bitcoin since Trump emerged as president. Blockchain is a London-based provider of Bitcoin wallet services; hence, Smith has ringside seats to the ebb and flow of interest in Bitcoin. Peter observed that “We’re setting a new record pretty much every day since the election in terms of activity on the platform.
Blockchain opens its 10 millionth Bitcoin wallet
Breaking news out of the Bitcoin industry reveals that Blockchain has opened it 10 millionth digital wallet for Bitcoin. The news comes barely two weeks after Bitcoin CEO, Peter Smith revealed the growing interest in the cryptocurrency after Trump’s surprise victory. He noted that people are using Bitcoin as a hedge against economic instability against the backdrop a Brexit vote in Europe and a Trump presidency in the U.S.
In an emailed statement, Smith observed that “Hitting this milestone (ten millionth wallet) at this particular moment isn’t a coincidence. In the wake of the Brexit vote, the US Presidential election and a weakening Yuan, we have seen unprecedented levels of activity and transaction on our platform, which further suggests that people are embracing the need for a more globally accessible currency system, and one that does not exclude over one-third of the world’s population.
Bitcoin stakeholders won’t be in the least bit surprised that Blockchain is recording such a massive uptrend in its signups. Blockchain provides Bitcoin owners with software that they can download to their computer. The software serves as a digital wallet for storing Bitcoin. The best part is that the Bitcoin your Blockchain wallet is localized on your computer. Blockchain has also revealed that it processes about 150,000 Bitcoin transactions per day.
Buy and sell Bitcoin directly from your digital wallet
Blockchain is not resting its oars on the provision of digital wallets for holding Bitcoin, the firm has recently announced a new feature that lets people buy and sell Bitcoin directly from their wallets. In the years past, you can only deposit your Bitcoin with online exchanges but you can’t engage directly in buying or selling of the cryptocurrency.
Smith notes that the most interesting fact about the Bitcoin wallet that Blockchain provides is the ease and speed of transactions. In his words,
“what’s more exciting from an industry perspective is at the moment if you buy Bitcoin, it’s kind of like a 2 to 3 day experience. You buy them and 2-5 days later you actually get them. It’s a little weird. What’s really exciting about this product if you get the bitcoin instantly, you pay for them and about 5-6 minutes later you get them.”