RATE Group | Riding the volatile cryptocurrency tide: Fort Worth company bets big on Bitcoin comeback…
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Riding the volatile cryptocurrency tide: Fort Worth company bets big on Bitcoin comeback…

22 Feb Riding the volatile cryptocurrency tide: Fort Worth company bets big on Bitcoin comeback…

Posted at 16:48h in Cryptocurrency News by

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Coinsource

201 Main St.

Suite 1440

Fort Worth 76102

Home

When Coinsource launched with a single bitcoin ATM in 2015, the concept of cryptocurrency was still largely unknown. One could buy a bitcoin for about $500 then.

Coinsource grew on-par with bitcoin, whose valuation peaked in early 2017 reaching almost $20,000. By 2017, Coinsource expanded its presence to 12 different states.

The value of bitcoin has since taken a significant plunge.

At the start of February this year, the price of one unit of Bitcoin was trading for little over $9,000.

The state and future of cryptocurrencies remain wobbly even today. But Fort Worth-based Coinsource has continued scaling up its business and has become the country’s largest bitcoin ATM (BTM) network provider.

“The customers see these prices is potentially a once-in-a-generation type opportunity to buy at a really good level,” Coinsource CEO Sheffield Clark said. “We’ve seen $20,000 price point…

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