Should you invest in the Bitcoin or a not is a question that is uppermost in the minds of crypto enthusiasts. Continuous news about Bitcoin prices fluctuating and the currency getting caught up in controversies and scandals have sown seeds of doubt in minds of eager investors. They continue to be worried about volatility, but here is why you should invest in Bitcoins:
- Availability: While 80% of coins have already been mined, given that Bitcoin has a finite supply of 21 million coins only, mining processes have come down in recent times. This has put Bitcoins in frenzy; the scarcity has been increasing demands making it a great time to invest in this crypto.
- Prices keep growing: While the Bitcoin’s journey has been anything but rock-steady, prices of the crypto have been steadily growing. People have started putting their trust in this crypto despite the frequent price fluctuations. It has been around for more than a decade and continues to rule cryptos in terms of market caps. More and more businesses have been expressing their interest in Bitcoins, especially with Tesla investing in it recently, and mainstream adoption of the coin seems to be a definite possibility.
- Head start: Bitcoin was the first of the cryptos to be launched and this gave it a head start compared to the rest. After being mined in 2009 for the first time, it continued to be the only crypto in the space until two years later when people started exploring other options. Bitcoins continue to be the favorite amongst crypto investors and traders, having a market cap of $100 million. No other crypto has been able to give it stiff competition so far. This explains why investing in Bitcoins is a safe and reliable option. Safe investments can be planned via crypto robots such as BitQT trading robot. Visit https://coincierge.de/bitqt/ for detailed information about this bot.
- Wall Street shifts: If compared to other equities and gold, it can be seen that Bitcoin’s run even in the midst of the current pandemic has been extremely impressive. Even Wall Street investors and analysts cannot afford to overlook this phenomenon. Analysts are of the view that after the pandemic finally comes to an end, the aggressive quantitative policies will be eased and this will lead to even further price growth of Bitcoins and more Bitcoin investments.
- Decentralization: The biggest reason for Bitcoin’s popularity in the first place had been the fact that it is a decentralized payment system. Like gold, cryptos will never get impacted by economic turbulence or war-like conditions. As a decentralized currency it is free from interference by middlemen and less likely to be impacted by instability.
- Record highs after dips: The interesting thing about Bitcoins is that while it may have gone through many ups and downs, it has always recovered after a crash. Many critics have claimed that the Bitcoin bubble would burst soon but the crypto has proved them wrong time and again. With each crash it has emerged stronger, surpassing previous highs. So, if you were to trust history, you can be confident that Bitcoin prices will soar even after a fall and your investments may be worthwhile.
- Easy investment: Investing in Bitcoins is simple; you can start off with little money in the bank and almost zero trading expertise. You can take advantage of platforms where you learn trading tricks and emulate trade strategies of successful crypto traders. Creating an account on cryptoexchanges is simple and you can get started once your personal ID documents are verified. All you must do is select a trustworthy and user-friendly platform for investments.