Before you raise this question, why would you invest in bitcoin? You should raise the question: why don’t you invest in bitcoin, because if you earn a high return from a digital asset then you must invest your funds on digital assets. Bitcoin is a digital asset and it is a completely decentralised currency that cannot be controlled by any government or bank. Bitcoin has gained a huge popularity in 2021, during the pandemic, where economic market faced an unstable situation. Apart from that, large businesses and retail houses are accepting bitcoin as payment mode, and you can use bitcoin for buying goods and services.
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Why is it making so much sense to invest in Cryptocurrencies like Bitcoin?
The most recent piece of news that coming up regarding Cryptocurrency investment and US President Joe Biden has announced that they are going to regulate Cryptocurrency.
The president stated that government can make a set of regulation to control the digital currencies, and investing in bitcoin is no longer an illegal activity.
More than 70% people of United Kingdom have entered into the crypto world and they have invested their funds on bitcoin and other crypto currencies. However, the most important one is that no person or group controls Cryptocurrencies. According to the crypto experts, exchanges can accept such regulations structured by the government to control the crypto currencies and digital assets, but there must be a uniform regulation for all states and countries. Moreover, large businesses like Microsoft, PayPal and Starbucks has given the green signal to bitcoin and they are accepting this coin as a valid payment mode. For example, you can buy digital products from Microsoft with bitcoin and you can use your PayPal account for buying bitcoin. But, Starbucks do not accept bitcoin over counter and you need to reload or recharge your Starbuck wallet with bitcoin to pay at their outlet.
Then why is it we should consider investing in Bitcoin positive news? Because it is almost impossible to ban Cryptocurrencies like Bitcoin and the countries like the US are taking the lead in terms of Cryptocurrency favorable regulations.
You can start by looking at the fact that some ETFs or Bitcoin ETFs have been launched in the United States. This is good news for everyone who invests in Crypto because when ETFs make their debut in the stock market of a country, it’s good news for everyone.
Future of Bitcoin
Now, let’s look at the second important positive point. If you look at certain companies, like Coinbase, which is a pure Crypto Firm, its prices rise and fall with the Crypto market. In addition, there are public companies in the United States, like Tesla, that have a lot of Cryptocurrencies on their balance sheets.
Cryptocurrencies like Bitcoin have been time-tested; now, what is the meaning of time tested? You can check the history of the bitcoin and you can find a huge growth in its value in the last couple of years. But, there are some countries like China that has banned crypto currencies. So, before you invest in crypto, you must know the regulations of your state. If it is legal in your state then you can start trading bitcoin.
People many think that bitcoin will replace the fiat currency in future. But, it is not possible because people living in remote places cannot access such digital currencies. You need to connect your device with internet to access or invest in bitcoin. Bitcoin is an investment option and you can invest 30% of your portfolio in crypto currencies to keep your investment safe.
Theft, scam, and other loses
There have been a lot of attacks on Bitcoin, which means that Bitcoin is stolen from exchanges. This is not a problem with Bitcoin, but with the exchange where Bitcoin is. When it comes to Bitcoin, no one has been able to get into the network.There is no problem in terms of the Bitcoin network or Ethereum network. Bitcoin has gone through an evolutionary phase, finding its product-market fit.
Cryptocurrency should be part of your overall Portfolio. Everyone must have some money in the Cryptocurrencies like Bitcoin. But also need to understand the Risk factor behind it. Learning and keeping updated from the investing world will help invest in Bitcoin. Further, investors may quickly invest in the most prominent cryptocurrencies accessible in today’s market with the Bitcoin Era app.