You probably have been hearing a lot about the crypto market since it is going through a bearish run. The prices of many digital currencies including Bitcoin (BTC) are fluctuating quickly and you might find it difficult to invest.
But one digital currency that is still doing better on the blockchain is Bitcoin regardless of losing value. Crypto experts believe that a bearish run in the crypto market can be a blessing in disguise as cryptocurrencies are affordable and you can buy BTC at a lower price.
Bitcoin has been through bearish runs in the past but has always bounced back strongly. Successful crypto investors always believe in BTC and hold most of their crypto wealth in it.
Let us find out some top reasons for investing in Bitcoin.
One of the top reasons for investing in Bitcoin when it is remarkably affordable is to make handsome profits with it in near future. BTC is a digital currency that holds huge growth potential and has done an incredible job on the blockchain.
Launched in 2009, Bitcoin was worth mere pennies and using it for buying goods and services was an alien phenomenon. People across communities were accustomed to bank transactions and BTC was not popular.
But Bitcoin has withstood the test of time and come a long way. It has become the world’s largest cryptocurrency by market capitalization, thanks to its positive adoption and profitability.
Bitcoin reached an all-time high value of $70,000 in 2021 which shows its potential for incredible returns.
Carl Runefelt, alias, The Moon, is a global crypto leader who is pushing for the mass adoption of Bitcoin.
He believes, “Bitcoin is rising 600% and hitting $300,000 this year. How? Well, first of all, I think that 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. With that said, fiat is the worst form of money we have seen in the history of humans, and I see a huge transition now where we’re going to go more towards a crypto economy, and I am super excited about that.”
The safety of your wealth can be a worrisome task to handle as there exist multiple challenges. When you are putting money in a bank account, no bank can ensure the safety of your wealth because it is always prone to theft.
In addition, hackers are always trying to hack your bank account to grab your hard-earned money. But this is not the case with Bitcoin as it has been designed in other ways to provide maximum safety to its users.
The safety of BTC is ensured by cryptography which consists of complex mathematical problems that are hard to break. This makes it extremely difficult for any hacker to hack Bitcoin which increases its hash rate too.
So, instead of putting your wealth in some bank and always thinking about how to protect your money, you should invest in Bitcoin and secure your wealth.
You want to send money to someone quickly but face multiple challenges such as time delays or higher fees. This can make it difficult for you to manage your finances and even your business.
To avoid all such challenges, you should invest in Bitcoin. As it is the best way to pay someone across the globe within just a few seconds. BTC has no physical presence, and everything is online which makes it a quick way to pay someone.
Carl, on his YouTube channel, The Moon, emphasizes, “The best reason to invest in Bitcoin is the absence of physical institutions, which enable people to make transactions in Bitcoin with ease. We live in a digital world, we need digital money, and we need non-political digital money Bitcoin is the resolution and I think that right now people are realizing it, but it will take some time before we see the full transformation.”
Since Bitcoin is an unregulated currency, no bank or any government institution can interfere with its transactions. You just need the wallet address of the receiver and send the money quickly. And that is also at a less fee as compared to bank transactions.
Bitcoin has already shown its potential for changing the existing financial system, thanks to its versatile nature and multiple benefits.
If you are planning to become part of the crypto business, you should invest in BTC. Because it is extremely affordable at the moment.
Now, it is in your hands whether you want to enjoy the benefits offered by BTC or suffer from the challenges of the banking system.