If 2020 was the year of the bull, 2021 was the year that crypto went mainstream. In the past twelve months, we’ve witnessed leaps in adoption, infrastructure, regulation, and policy — not to mention new all-time highs. As we head into 2022, the Kraken Intelligence…
The biggest Bitcoin event in history welcomed more than 12,000 enthusiasts to celebrate together in real life, proving that this decentralized, open-source software project is a cultural force to be reckoned with.
2021 was a year for many landmark moments in cryptocurrency mass adoption. We saw companies like Tesla, Microstrategy, Galaxy Digital, and Block (previously known as Square) add Bitcoin to the company treasuries, and another massive milestone was, of course, El Salvador making Bitcoin legal tender in the country. Though one of the biggest letdowns felt […]
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When Bitcoin was first made known to the world, its design of being a new circulating currency to replace fiat was its most alluring aspect. It spoke to those who were looking at ways to “stick it to the man” every opportunity they got. It wasn’t until much later that this idea was overshadowed by […]
Standpoint Finance (STF) announces its resolve to establish its Bitcoin mining farm, hinting that negotiation is ongoing. The farm will house high-powered computers that would solve complex computational math problems. According to Investopedia, a leading source of financial content on the internet, Bitcoin mining is the process of creating new bitcoin by solving those computational maths puzzles. Tom Wood, Standpoint Finance's VP business development, stated in a statement on Friday that the company decided to join other companies that already own or are planning to own their Bitcoin mining farm. The decision comes after the company deliberated on a report submitted by the company's team of crypto market analysts. The company's analyst team had earlier been charged with a responsibility to investigate the prospect in the Bitcoin mining business.
“After carefully examining the crypto ecosystem in general and specifically the bitcoin market, we can see long-term constant growth in the daily trading volumes as more and more general services, online e-commerce as well as a traditional offline business willing to accept crypto as a legal tender. We believe that this constant rise in demand will inevitably lead to a rise in price which we believe will send bitcoin beyond the 100,000 USD marks in 2-3 years” Tom Wood said.
From the report submitted, Bitcoin price is projected to continue to rise, as available market statistics show a long-term upward trajectory. STF market analyst team projects that Bitcoin price will surpass the 100,000 USD mark in the next three years. Owing to that projection, the group of analysts believes that Bitcoin mining would become a top-flying investment opportunity. STF intends to harness the opportunity by owning a Bitcoin mining farm. As part of the ongoing negotiation, the company is considering the possibility of a joint venture or independent initiative.
Although it is unclear how STF will eventually proceed, the company has opened its doors to investors and other companies that would be interested in partnering to own a Bitcoin mining farm. One clear thing is that the company intends to replicate the success it has recorded so far in its brokerage business in this new venture. Tom Wood further stressed that the company would be employing the best hands to ensure the Bitcoin mining farm do not only come to fruition but be successful.
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StandPoint Finance is a leading broker with a revolutionary customer-centred trading platform that allows newbie and established traders to trade smartly. Apart from having years of experience in the industry, the firm has hired the best hands for the job. Their well-trained analyst, account managers, and customer service professionals make trading seamless for users.
