Bitcoin’s utility has largely been limited to asset trading due to its high volatility. With Bitdroplet SPP (Systematic Purchase Plan), we have invented a new kind of utility for Bitcoin i.e long-term investments. SPP is similar to a conventional Systematic Investment Plan (SIP), except that SPP has been crafted for investing in Bitcoin.
Bitdroplet leverages the power of Dollar Cost Averaging - an investment strategy that reduces the impact of volatility of an asset. In the case of Dollar Cost Averaging, an investor purchases an asset in multiple, fixed time intervals at different price points, instead of buying large quantities at once, thus reducing the average purchase price of the asset over a long period of time. And the longer one invests, the lesser the average purchase price of the asset.
Bitdroplet is more than just a product. It’s a whole new way of saving and building wealth, so that you can achieve your long as well as short-term monetary goals.
Powered by the same set of self-driven individuals that founded Bitbns - India’s largest cryptocurrency exchange - Bitdroplet is a brainchild of Gaurav Dahake (CEO, Bitbns), Prashant Singh (CTO, Bitbns) and Srikanth Sethumadhavan (UI and Front End, Bitbns). Apart from the founding members, the team behind Bitdroplet is just as zealous, and is always up to grappling with new challenges with the power of technology.