If you’re looking for an asset that can provide huge returns, it’s hard to ignore Bitcoin. In 2010, one Bitcoin was worth about $0.09. At the time of writing, one Bitcoin is worth about $17,000.
While it would have been nice to buy Bitcoin in 2010 and experience this price appreciation firsthand, there are still more opportunities for the price to appreciate.
Many people don’t invest in Bitcoin because they don’t understand the underlying technology. The truth is that you don’t have to understand blockchain, crypto, or digital currency to invest in Bitcoin. Buying Bitcoin can simply be part of your strategy of building a diversified portfolio.
The article below contains a list of reasons that you might want to consider investing in Bitcoin.
The best part of investing in Bitcoin is that you don’t need enough money to bull a full coin; you can simply buy fractions of a coin and build up your holdings over time. Continue reading to learn more about this investment opportunity.
Bitcoin Benefits from Scarcity
One of the main reasons that so many people have invested in Bitcoin is that it’s a finite asset. The code behind Bitcoin dictates that only 21 million Bitcoin will ever exist.
As of right now, many of the 21 million Bitcoins are still yet to be mined. Once all the Bitcoin is mined, however, that will be it. The sooner you purchase Bitcoin, the more likely it is that you’ll be able to acquire some before it’s all owned.
As miners approach the point at which they mine the 21 millionth Bitcoin, the price of Bitcoin could rise as more and more people buy in before it’s too late.
Bitcoin Is Still Relatively New
The Bitcoin whitepaper was released to the world in 2009. That means Bitcoin is about 13 years old. As a comparison, Apple was founded in 1976. 13 years after that, the year was 1989.
Most people would love to be able to go back in time to 1989, so they could buy Apple stock. If you feel like you missed the boat on Bitcoin, just think about how people will feel 20 years from now.
It’s Easy to Invest in Bitcoin
One of the top Bitcoin benefits is that it’s easy to buy. You can buy it on hundreds of different apps or websites. You can even buy it in person at a Bitcoin ATM. Click for more info on buying Bitcoin at an ATM.
Reviewing The Top Reasons to Invest in Bitcoin in 2023
Now that you’re familiar with some of the reasons you may want to invest in Bitcoin, you’re ready to develop your investing strategy.
It’s always smart to dollar-cost-average, meaning you buy a set amount each week or month whether the price is up or down. If you want to learn more about investing in Bitcoin and other digital currencies, continue reading our other blog posts on this topic.