From piggy banks to gold and real estate, investment has been an ancient practice across the world. Interestingly, investment options have emerged and evolved over time. Started from leading money on interest to gold investment, real estate, mutual funds, and the 16’s Amsterdam Stock Exchange, people have been following traditional investment practices for decades. But, digitalization has reformed everything, including the way you’ve been investing!
Digital currencies are increasing rapidly and Bitcoin was the first Cryptocurrency introduced in 2008. One of the most popular and profitable digital currencies in the world, Bitcoin has reformed the way people were investing. Recently, it soared to its new-all time high of $37,014.58. The figure itself is enough to prove why Bitcoin is the safest and profitable investment.
However, there are so many conceptions around bitcoin investment that hold people to make an investment. People are concerned about privacy, security and the future of bitcoins. However, the supporters are ready to debate on this holding a mile-long list of benefits of bitcoins. Though, we searched about it and found that there is nothing to stress about investing in bitcoins. It is one of the most popular ways to make a huge profit within a short turnaround.
2017 was a lucky year for both Bitcoin and its investors, with a bull run it rewarded investors with a huge 1,350% return and reached its all-time high of $20,000 as a pre-Christmas gift. But, fluctuations have been important aspects of investment and so for Bitcoin. In 2018, Bitcoin lost 70% of its value, dipped from $1,400 in January to down -$4,000 in December. The Bear holds the market throughout 2018 and 2019.
At the start of 2020, the bear market was finished, Bitcoin made a fresh bullish start but the covid-19 pandemic attacked like a black swan. In March 2020, the prices witnessed a flash crash. But it took a sharp turn in September. With Square’s $50 Million investment in Bitcoin and PayPal allowing users to exchange Bitcoins on its platforms, it revived in red bullish mode. The predictions are so high that some people say Bitcoin will reach an all-time high of $50,000 by the end of the year.
If you are not sure whether or not Bitcoin is the profitable but safest investment, you should look at this picture;
Bitcoin delivered the highest profits to investors. Additionally, the federal governments are showing interest in cryptocurrency, making it the best time to invest in Bitcoins. Well, you must clear all your misconceptions and thoughts regarding Bitcoins before investing in it. Because investment is subjected to market risks, you must think about it. But, we can give you some good reasons that prove bitcoin is the safest investment. Let’s make it simple. Gauge through the following listing of reasons why should you invest in Bitcoin.
1. Bitcoin is The Future of Money
There is no doubt in saying that BTC has introduced a new class of assets. Besides its recognition as popular investment models like stocks, bonds, real estate, Bitcoin delivers the best return on investment. BTC is increasing rapidly and considered the future of money. Leading companies including, Square, PayPal, Argo Blockchain, bitcointreasuries.org, Coin Shares, and Hut 8 Mining are investing billions in Bitcoins. Apparently, they have tracked its history and imagined its growth in the future.
2. It’s Independent
Unlike stock markets and other investment methods, Bitcoin is independent. It has nothing to do with the stock fluctuations, nor gold prices. Regardless of this general statement, Bitcoins covers its last crashes before the next escape. Thus, it gives the opportunity to simply and diversify the concept of investing in one place away from banks.
3. It’s Limited
Stock market manipulation is a common practice around the world to rise or fall the stock value, but Bitcoins are different. They are not subjected to inflation & deflation because Cryptocurrencies are limited and cannot be printed. Interestingly, BTC’s inflation is pre-calculated by bisect. The rate is 1.8 right now, which means the level is currently less than USD.
Additionally, Bitcoins are limited so that one cannot control their values by holdings or manipulation. This is one of the solid reasons that prove that you should invest in Bitcoins right now.
4. Bitcoin is The New Gold
There is no doubt in saying that Bitcoin is digital gold. Do you know why gold is considered the safest investment and why our ancestors used to invest in gold? Simply, because of its authority and better return on investment. Gold prices keep increasing and it can be exchanged universally and so the bitcoins. It is not controlled by any government or organization, is difficult to extract, and is limited thus delivers a better return on investments. Bitcoin is not subjected to inflation and its storage is similar to gold, all you need to buy a digital/virtual wallet.
5. Bitcoin’s Privacy is so Advanced
When it comes to the privacy of other investment options available including, real estate, market shares, or else can be easily confiscated and froze by the government or authorities in case of any dispute. Interestingly, Bitcoin is far better than other savings or assets because the government can neither confiscate nor freeze the BTC. But why? Of course, only the owner is authorized to make changes to his cryptocurrency wallet.
6. Governments Are Supporting Bitcoin
Remember not a SINGLE government or company owns bitcoin. It is a public currency and this is one of the best reasons why it’s popular. However, you will need government approval to use bitcoins for trading in markets but most governments around the world have allowed people to deal in bitcoins. This means you buy and sell bitcoins anywhere but to use it like, for example, USD or any other currency, you will need the government’s approval.
As of now, you can trade, store, and shop using Bitcoins in the following countries;
- Japan
- The United States
- South Korea
- Germany
- Australia
- Canada
- Finland
If you wonder whether or not Bitcoin is legal in India, let’s make it clear. The Indian government has allowed buying, selling, or trading of bitcoin but it is yet to be approved as a medium of payment.
7. It’s Easy to Invest in Bitcoin
Unlike other investments, it’s easy and quick to start investing in Bitcoins. For instance, you want to invest in a clothing business, first, you will need to do market research, then invest and wait 1 or more years to get a return on investment. It’s a time taking exhausting procedure.
Interestingly, Bitcoin investments are way easy & quick and it doesn’t require special skills to be a bitcoin investor. All you need is a virtual wallet and the right platform to buy & sell bitcoins. It is more comfortable and convenient. On the other hand, the return on investment is guaranteed higher than other traditional investment options.
These are the top reasons that prove bitcoin is the safest investment and why you should invest in bitcoins. If your mood changes to the share market, you can check Basic Tips To Start Investing In Share Market.
