Why is the BTC to CHF pair important to traders?
BTC to CHF is a very popular crypto-to-fiat pair in Switzerland and abroad. Since its inception in 2009, Bitcoin – the base currency of this pair – has proved to be the world’s top cryptocurrency in terms of market capitalisation and value. The pair’s counter currency – the Swiss franc – is the official national currency of Switzerland, Liechtenstein and Campione d’Italia. The CHF is a powerful safe-haven currency around the world and is ranked 5th or 6th in value, held as reserves after the USD, EUR, JPY, GBP and CAD.
The crypto market, including Bitcoin, is extremely volatile, which provides huge potential for speculation. Observing the popularity of BTC to CHF exchange transactions, there are immense opportunities for traders to profit from the pair’s trade.
BTC to CHF trading: the ultimate way to invest in Bitcoin
Although the volume of the BTC to CHF crypto-to-fiat currency pair is much lower than BTC to USD, Bitcoin to CHF trading is steadily growing. The ultra-volatile nature of BTC/CHF makes it a strong alternative to traditional Forex markets.
Bitcoin traders can always profit from BTC price swings. You can either go long or short, depending on Bitcoin to CHF price movement, and benefit from the price difference.
Proven to be a lucrative investment, Bitcoin consolidates its position as the world's top cryptocurrency. With a remarkably strong start of 2020, investors share a bullish view on Bitcoin price future. Convert BTC to CHF at Currency.com and trade it with 100x leverage and tight spread.
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Developed in 2009, Bitcoin introduced a new type of digital currency to the world gradually gaining worldwide popularity. Today, it is the most popular and valuable cryptocurrency on earth, serving as the gold standard for emerging cryptos.
Due to its decentralised nature, BTC transactions do not require a middleman, meaning no banks or other authorities are involved. In addition to being an alternative payment network and a store of value, Bitcoin offers great opportunities to traders.
Key facts about BTC
The first decentralised cryptocurrency
Launched in 2009
The brainchild of a person or group known as Satoshi Nakamoto
The maximum number of Bitcoins is 21 million
80% of all Bitcoins have already been mined
Bitcoin is considered both a commodity and a currency
The first BTC transaction was to buy 2 pizzas
In April 2010, when Bitcoin was launched at the first cryptocurrency exchange BitcoinMarket.com, its price was $0.0025 (Fr. 0.0025). Shortly after, the BTC price rate started to surge dramatically, generating more than a thousand per cent earnings to its initial owners.
As the cryptocurrency is not tied to any particular country or region, domestic and geopolitical factors can have less of an impact on the value of Bitcoin. Instead, you should keep an eye on its demand, adoption rates, regulations and market sentiment.
Bitcoin price chart shows BTC/CHF price rate in real-time. Analysts expect 2020 to be an important year for Bitcoin, making positive forecasts regarding the Bitcoin to CHF price.
In the Bitcoin to Swiss franc pair, BTC is the base currency and the CHF is the counter currency, which means the BTC/CHF chart shows how much one Bitcoin is worth as measured against the Swiss franc.
Despite the euro’s predominance in Western Europe, the Swiss franc is still the currency of Switzerland. The CHF keeps its status as one of the world’s top safe haven currencies. In times of global economic and political tensions, its price rate considerably strengthens.
The country has always attracted wealthy foreigners looking for a secure banking system to keep their capital. Due to its stability, the Swiss franc serves as the world’s protection asset.
Focusing on monetary stability, low debt and strong employment rates Switzerland shows overall economic prosperity and growth. The major elements of Swiss economy include financial services, advanced technologies and a highly specialised service sector.
Those interested in the BTC/CHF pair trading should keep a close watch of crypto market news and the National Bank of Sweden (SNB) releases regarding interest rates and monetary policy changes. The SNB maintains the CHF price rate, taking long-term guarding measures against inflation or deflation.