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BITCOIN INVESTMENT – IS IT WORTH IT OR NOT?BITCOIN INVESTMENT – IS IT WORTH IT
OR NOT?

August 11, 2021August 11, 2021
axiom968axiom968 0 Comment

This is by far the most common question asked by modern investors; should they
invest in Bitcoin or not? For over a decade, we’ve seen Bitcoin in the news,
being one of the most traded cryptocurrencies in the market, and even more
importantly, it has a huge amount of money counting on its performance and
growth.



There have been some big winners in the market who made a great call by buying
Bitcoin very early on when its popularity and usage was still to be determined.
They bought at low prices, and have since sold for 10 times the amount they
originally paid, as the cryptocurrency has continued to make massive gains in
the market.

HOW DID BITCOIN COME ABOUT?

Since its inception in 2009, Bitcoin has been a big talking point with many
prominent technology buffs already suspecting it will change the way we interact
with cash. They now predict that this cryptocurrency will be taking over from
the cash payments we currently use and eventually, even the online banking model
that banks operate with today. People who are keen in investing in Bitcoin can
buy Bitcoin through reputable broking platforms available in their respective
countries. For example, the UK investors can approach uk crypto exchange 2021 to
buy Bitcoin. The top cryptocurrency exchanges of UK are reviewed for users
convenience and reference.

Satoshi Nakamoto, who is credited with creating Bitcoin, built Bitcoin using
blockchain technology. This group or person clearly wanted to create a safe and
reliable system that was decentralised and not controlled by governments who
could manipulate the price with direct policies, which is what happens with
current FIAT currencies around the world. The value of the currency is linked to
economic performance and also government policies. This creates room for
speculation to the value of the currency which is why there is so much
volatility in the Forex market.

Bitcoin, on the other hand, is not linked to any market performance or
government policy. This cryptocurrency is only validated by other users whose
computers power the network and validate any transaction (this process is called
mining). It means in the truest form this is decentralised and a product for the
masses. It has also meant that many people believed in the idea and system which
is why it has become so popular.

WHO INVESTS IN BITCOIN?

We’ve seen that there are many world-renowned investors who have jumped onto the
Bitcoin bandwagon as they have seen enough confidence in this cryptocurrency to
manage the risk of investment. They have started to use Bitcoin as part of their
diversification portfolio as it gives them leverage on other assets and
investments they currently have. In fairness to them, this has probably been one
of their better performing investments with the value of Bitcoin doubling in a 2
year period.

Greyscale Investment Fund, one of the world’s biggest investment funds in the
world, has actually created a specific fund for cryptocurrency after identifying
the potential in this sector. Their Grayscale Bitcoin Trust Fund has around $30
billion dollars of investment capital which is a considerably large amount and
tells us that it’s not just a speculative investment but a long term initiative.
Another famous investor is Kevin O’Leary from the world-famous show Shark Tank
who has openly said that he invests in Bitcoin and holds around 3% of his
personal wealth in the cryptocurrency. He also strongly advocates
cryptocurrency, especially Bitcoin, and in his O’Leary Investment Fund has
continued to promote and diversify its portfolio to include Bitcoin.

Major investors in cryptocurrency also include Elon Musk, Mark Cuban (another
Shark Tank investor) and Rothschild Investment Fund. This proves to the market
that there is a lot more to be had in this sector of the financial industry.

WHY IS BITCOIN PERFORMING SO WELL?

The cryptocurrency market has been doing very well in general, and this is
thanks to some big news in recent years where cryptocurrency trading platforms
have been approved by the financial authorities in US, Canada and Australia to
name a few countries. This provides the traders a safe environment to invest in
Bitcoin causing a surge in buyers. Some of the most popular include Coindesk,
eToro, Robinhood and Coinbase. The latter also went public this year valuing the
company over $47 billion on the NASDAQ exchange. These trading platforms have
given beginners and professionals easy access to the market to trade in
cryptocurrency which has also bolstered its popularity. Bitcoin Profit app is
the latest in a long line of trading bots on the market, and it outstands from
the others. Visit Bitcoin profit site for more information. With easy access and
simple user-friendly interfaces, these apps allow everyone to try and make some
additional income.

Another reason attributed to this has been the involvement of mutual funds and
large investment institutions that have now started getting involved in Bitcoin
and other cryptocurrencies. However, with these new players an issue has arisen.
This is mainly concerning the ethical and sustainability of the mining of
Bitcoin. It is a well known fact that many of the current Bitcoins in
circulation come from countries that do not follow the standard to meet the
sustainability and ethical standard set by the mutual funds and investment
institutions which is why now many of these companies will look to only purchase
Bitcoin that only comply with these standards. It now means that Bitcoin will
sustain its asking price and for those that can meet the criteria, an even
bigger asking price might follow them.

CONCLUSION

Bitcoin and other cryptocurrencies are undoubtedly worth investing in. They
provide a great alternative for investors when deciding to diversify their
investment portfolio. With a strong performance over the last five years and a
great product to hedge the portfolios of major investors, it is arguably the
very best investment you can make right now. Cryptocurrencies are here to stay
and with that message loud and clear, it’s time for us all to look at this
option seriously. It has been a great pick for many people so why not the rest
of us?

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