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To the delight of Bitcoin enthusiasts, the flagship crypto asset has recovered in terms of price and is now trading above the $40k price mark (at the time of writing). The crypto king has seen quite the price correction over the last several weeks.
The price of Bitcoin has now increased around 16.44% over the last seven days, which has grabbed a lot of attention.
People who have been long-term investors anticipated a price surge for BTC. However, this increase in BTC’s price has caught the eye of several companies including superfood chain, Everbowl.
This superfood chain is based in California and has announced that it will be moving its business operations to Bitcoin standard. The CEO of the company made a few statements that clarify why the company has planned to take this initiative.
Therefore, if you also want to buy Bitcoin then make sure you choose some of the best crypto exchanges in the market.
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Everbowl’s Initiative to Move Towards BTC
Everbowl is not the first company in the USA or the world that is inclined towards the flagship cryptocurrency. Even though the crypto king has an unstable price movement, its value and significance are becoming prominent. With some of the biggest firms and entities in the world owning BTC, one can only anticipate that it has long-term benefits.
Everbowl is now one of the companies in the USA that supports the largest digital asset Bitcoin.
As per reports, the business operations of Everbowl will be moved to a BTC standard in which the company will convert its cash reserves to Bitcoin.
This initiative was taken after careful research and discussions with advisors. The purpose of the research was to explore various options on how the company can run using a BTC standard.
The CEO and founder of the company, Jeff Fenster, made the reason for the initiative clearer as he stated:
“We’ve concluded that running the business exclusively on cash isn’t the most advantageous, nor the safest, method of running a business in 2022 and beyond.”
Fenster also stated that he understands it is too early for governmental and corporate adoption of BTC. However, he has solid plans to “make a contribution to this cause by leading with our example.”
Jeff Fenster is of the view that disruptive growth companies should always embrace and adopt new technologies earlier rather than later.
One of the reasons why Everbowl wants to move towards crypto is the “excessive debasement of the U.S. dollar coupled with a 39-year high inflation rate,”
The CEO and founder of the company encouraged other business owners to do their research on Bitcoin as well and also stated that paying the employees in Bitcoin is in the company’s plans.
What to Know as a Crypto Investor?
Bitcoin is the most prominent digital currency in the market and is at the top, despite the price fluctuations seen for it.
The flagship crypto asset is currently trading at $44,895 (at the time of writing).
Here is a graph by CoinMarketCap that shows the price movement of BTC over the last seven days.
The price of Bitcoin is quite volatile, however, it is now being recognized and adopted by major companies and firms across the world. This indicates the value of the crypto king.
Therefore, novice investors should do their research and then decide to invest and if they want to buy BTC they should consider choosing one of the lowest fees Bitcoin exchanges.
If you are new to the crypto space and want to purchase Bitcoin then you can click on SwissBorg or Kraken (U.S. citizens).
[kraken]
