Cryptocurrencies have been making rounds everywhere. Their popularity has especially shot through the roof in the last couple of years.
Although over 11,000 cryptocurrencies are circulating the crypto market, there is one that dominates them all and sits on the crypto throne.
You guessed it… Bitcoin!
Satoshi Nakamoto created Bitcoin in 2009. Since then, it has continued to increase in worth. Especially the last couple of years has skyrocketed Bitcoin’s global embrace.
This is because Bitcoin has become a profitable investment that has turned the lives of hundreds of people who have invested in it.
One notable personality is Carl Runefelt who is now a multi-millionaire. Not long ago, he was an average joe, working in a supermarket as a cashier. Today he drives his dream car Bugatti in the street of Dubai and roams the world in his private jet.
While speaking on his YouTube channel, The Moon, about how Bitcoin changed his life, he said, “I heard about Bitcoin more than four years ago, and I was actually a gold and silver investor back then. I was not a big investor because I was actually working in a supermarket back then, but my small little net worth that I had back then, I was pushing into physical gold and silver. I was a big researcher of the financial system. I was very interested in how money worked. I was interested in how the central banking system was working, and I realized back then that it was a very broken system.
So if you are an investor and now considering investing in Bitcoin, but are unsure at the same time, go through this article.
We’ll discuss why Bitcoin is such an excellent investment for investors.
Why You Should Invest in Bitcoin
Bitcoin has proved itself to be a lucrative option for investment. This is because it gives unimaginable returns on investments. Being an investor have a look at these reasons why you should try your luck in Bitcoin:
You’d be amazed to learn that Bitcoin is one of the most liquid investment assets in the world due to thousands of trading platforms, exchanges, and online brokerages.
Without paying huge fees, you can immediately buy and sell Bitcoin on numerous trading platforms.
If you are an investor who likes to invest with short-term returns, there is no better investment option than Bitcoin. At the same time, it is one of the most successful long-term investments as well.
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Carl Runefelt comments, “It is a very good investment. I believe that Bitcoin is not only going to go to $500,000, I think that Bitcoin is gonna go to five million dollars per Bitcoin in today’s money. Obviously, with inflation, bitcoin could go to trillions of dollars per Bitcoin. Actually, it will because it is inevitable, but because the dollar will collapse at some point. I believe that in today’s money, Bitcoin could go to five million dollars.”
Lower inflation risk
You know how regional and global inflation adversely affects traditional fiat currency; the value of your money decreases and the cost of living gets expensive.
Dealing with cryptocurrencies, particularly Bitcoin, does not get a hit from inflation at all. Unlike other world currencies, Bitcoin is robustly immune to hyperinflation.
The underlying system that powers cryptocurrencies are blockchain technology. And since it is infinite, you do not have to worry about losing the worth of your Bitcoin
Opportunities are countless
Cryptocurrencies are relatively new; they are still being explored, learned, and experimented upon. Every other day new coins are introduced in the market – each one with its own innovation.
This newness brings unpredictable swings in price and volatility, which consequently results in higher gains.
Carl Runefelt says, “Bitcoin is going up year over year, and in times of uncertainty, we’ve seen that people increasingly turn to Bitcoin as a form of money and store of value because Bitcoin is the only money in the world that has no political attachment. Your bank money can get frozen, or your gold can get confiscated but with Bitcoin, you can literally cross a border with your private keys in your head, and you can travel the world with millions of dollars literally stuck in your brain.”