2021 was the most volatile market for cryptocurrency “Bitcoin”. Investor have seen the major fall and major rise in bitcoin currency in a span of 3-4 months. Bitcoin rose to an all-time high of around $65,000 and in the same year on Sept 2021, it reached to major low of around $41k.
There were lot of questions raised and lot of people started discussing, is it safe to invest in bitcoins? Is it a wise and smart investment and was it better investing in other cryptocurrency rather investing in bitcoins. Because of such speculations many investors sold their bitcoins and booked there profit as they didn’t want to take the risk.
At present, 8th Oct 2021 Bitcoin has touched to $54k. As per research analysts and market experts, Bitcoin can reach to $80k and by year end of 2022 it can cross $100,000. Some even say and predict that by year 2030, Bitcoin can actually cross $500,000, this is possible if you see the current trend as bitcoin in year 2010 was close to $0.08 per coin.
Bitcoin is the king of Cryptocurrency as the total market cap of this cryptocurrency is 41.1%, this has come down recently as the percent was more than 68 in the start of year 2021. Thanks, to introduction of other cryptocurrencies like Ethereum, Binance Coin, Polkadot, Cardano, Polygon, Ripple, Tether, Dogecoin, etc.
Since every crypto follow bitcoin, a fall in bitcoin crypto price will impact all other crypto coins and the same applies if there is an increase in bitcoin.
So, is it recommended to invest in Bitcoin now?
The answer is YES!
As per the last decade trend, Bitcoin will again gain its momentum and therefore you should invest some on some part of bitcoin, it totally depends on you as to how much you can afford. You can take this as a long-term investment. I would suggest to purchase bitcoins of some few dollars and keep them in your crypto wallet, keep these coins for at least 2-3 years and see the magic after few years. You will definitely earn more than 50% returns.
The value of bitcoin will only appreciate and in the near future you will see more and more people investing in bitcoin. We already have many millionaires and billionaires investing in bitcoin which is boosting the value of bitcoin. Below are some of the market leaders, industrialist and celebrities who have shown interest in investing in Bitcoin.
- Elon Musk – Elon Musk and his company Tesla motors have invested close to $1.5 billion in bitcoin. As per insiders, Elon is planning on allowing people to purchase cars through bitcoins.
- Microstrategy – Microstrategy is a business intelligence company which bought $250 million in bitcoins. As on Sept 2021, the company has close to $3.1 billion worth of bitcoins.
- Silvergate Capital – Silvergate is a bank and its prime focus is in cryptocurrency, particularly bitcoin. The company announced that they have deposited $5 billion in bitcoins.
- Galaxy Holdings – It is a financial services and an investment management company, the company engages in digital asset, cryptocurrency and block chain technology. As per the latest reports, they have bought $1764 million of bitcoins in year 2020.
- Mogo – Mogo is a Canadian financial technology company. The company offers solutions to help customers to manage and control their finances. Mogo provides free credit score monitoring, identity fraud protection, digital spending account and digital mortgage. Last year the company announced that they will invest $1.5 million in bitcoin.
Everyone is Investing in Bitcoins!
As you can see, all major companies, market leaders and big industrialist are investing in bitcoin, they know that the cryptocurrency market will grow and to make it grow, Bitcoin crypto will pay an important role.
You can also start investing in bitcoin in small portions, sell it and book your profit when you think the market will crash. And, once the market is low, invest and purchase bitcoins again. The selling and buying of bitcoin is called bitcoin trading and many people are earning daily $100 – $500. I have already written a complete blog on where and how to store your cryptocurrency and which are the safest and legit crypto wallet.
Also, if you think that you will have to invest some amount to purchase a portion of bitcoin, then this is not true! You can actually earn free bitcoins daily without investing a single penny, this means getting bitcoin for free. Click here if you want to know the different methods of earning free bitcoins daily. A complete blog is available on my website on how to earn free bitcoins daily!
Most of the big giant companies have declared that they will start accepting bitcoin payment. Once this is started, value of Bitcoin will reach to another level. So invest now and start your bitcoin trading today so that you can make some additional income.
From this blog, one can easily conclude that cryptocurrency is the future of money and Bitcoin is the most valuable cryptocurrency in future. Buy bitcoin today even if you think that the Bitcoin value is to high to buy!