Luno CEO Marcus Swanepoel told CNBC that nowadays, Bitcoin is mostly used for trading. Therefore, it’s best for those looking to diversify their portfolio with an alternative investment.
Swanepoel is confirming what many of us already knew: Bitcoin is mainly a speculative vehicle for trading, and that’s what the majority of people are using it for currently. The CEO told CNBC that ‘90%’ of people using Bitcoin are using it for investment or speculation. Only 10% of them are using Bitcoin currently for transactions.