Bitcoin (BTC) has become extremely popular in financial markets in the past few years. Many investors across the globe are investing in BTC to make handsome profits with cryptocurrency.
You might be asking, “Is it safe to buy Bitcoin?”
Launched in 2009, many people around the world were unaware of the concept of BTC. People were accustomed to fiat or traditional currency transactions with exceptional belief in financial institutions like banks.
Fast forward to 2022, Bitcoin has become the world’s largest cryptocurrency by market capitalization, thanks to its positive adaptability and profitability. BTC has remarkably changed the concept of money and shown the potential of changing the financial system.
Let us find out what Bitcoin is all about and why you should be investing in it.
What is Bitcoin?
Bitcoin is the world’s leading digital currency that has attracted huge investments all over the world. Today, the crypto market is led by BTC with many other digital currencies making their way to the top.
BTC is a digital or virtual currency supported by blockchain technology that indeed is a revolution. BTC is a peer-to-peer payment system, and its transactions are recorded on a publicly distributed ledger where they can be accessed at any time.
The blockchain technology is secured by cryptography which significantly enhances the security of Bitcoin. You should know that BTC is a decentralized currency as it operates free from the influence of a bank or any government regulations.
The protocols of BTC are designed in a way that only a limited number of BTC can be traded to ensure an inflation hedge. This remarkable trait of Bitcoin increases the purchasing power of its users and their wealth too.
You can buy BTC through a crypto exchange or can create it yourself, but that is an expensive procedure. Carl Runefelt, alias, The Moon, is a global crypto leader who has invested in more than 350 crypto startups.
He says, “Looking at Bitcoin in a short period defeats the purpose of what Bitcoin is. Bitcoin is a long-term solution to a broken financial system, and I think in the next five years or in the next ten years, that is the kind of time horizon I have when I look at Bitcoin.”
Reasons for Investing in Bitcoin
The financial markets are going through a change since cryptocurrencies have gained huge value. Investors are not leaving any opportunity to buy BTC because of its multiple benefits.
In addition, the rising acceptance of Bitcoin across communities has made it a lucrative investment.
Here are some reasons why you should buy BTC.
Incredible Returns
As a crypto investor, you are always buzzing about the returns. One of the most incredible reasons to invest in Bitcoin is its exceptional returns.
BTC has gained huge value in the past few years, thanks to its rising acceptance and investments. Many investors have made incredible profits by investing in Bitcoin.
For example, BTC was valued around for a few dollars some ten years back when you might ignore it. But Bitcoin has shown exceptional growth as it reached an all-time high value of $60,000 in 2021.
Therefore, you should buy BTC now when it is affordable.
Enhanced Security
The security of the wealth matters the most to an investor and you would want the best measures of protection.
The whole blockchain is secured and it is hard for fraudsters to break it down, thanks to cryptography which consists of complex mathematical problems.
You might have heard people talking about scams in cryptocurrency, but they are very few. Cryptography consists of complex mathematical problems which are hard to break.
Furthermore, breaking the Bitcoin blockchain is quite expensive and unaffordable for everyone.
Protection of Inflation
Inflation is a challenge that has been fought by financial experts for years and still unable to find a concrete solution. Inflation reduces purchasing power which results in increasing poverty.
But Bitcoin, on the other hand, is designed in another way.
Carl, on his YouTube channel, The Moon, says, “Bitcoin is the best hedge against inflation that we have in the world right now, and Bitcoin is also the best form of money that we have and have maybe ever seen in the history of humans.”
Only a limited number of BTC can be traded since its protocols are designed in a way to control its supply. This not only increases the wealth of investors but also reduces poverty since everyone has access to Bitcoin.
Conclusion
When someone talks about BTC, multiple thoughts can pop up in your mind and some even make it difficult for you to decide.
But Bitcoin has come a long way and many investors are making a lot of money with it.
You can start investing in BTC today and enjoy its many benefits that might not be offered by the existing traditional financial system.
