Cryptocurrency

Should You Still Invest In The Cryptocurrency Bitcoin?

Since it first emerged back in 2009, Bitcoin has taken the world by storm. With over 100 million people across the globe owning Bitcoin, it’s one of the fastest growing investment opportunities on the planet. But have you already missed your chance of investing in Bitcoin and making big money?

How This Year Looks For Bitcoin

Every year, Bitcoin breaks its own records for how much it’s worth, like spring of this year being approximately priced at between £50,000 to £60,000. By the end of 2021, it’s forecasted to be worth even more than that, despite what happens in the next few months.

There Are A Few Reasons Why Financial Experts Expect This To Happen:

1. They’re seeing constant growth in investors

One of the biggest advantages of Bitcoin is that it’s constantly growing in popularity. It seems that the more media attention it gets, and more celebrities that come out and talk about it, the more intrigue it creates for people. It’s reported that as of today, more than 14% of the entire population of the US currently owns Bitcoin. The introduction of automated trading robots has also contributed to bitcoin’s appeal. These automated trading tools have a significant impact on the price of Bitcoin. Automated robots like Immediate Bitcoin Krypto trading bot makes trading BTC easy, secure, and profitable. You may make a fortune by using their approach during periods of significant market volatility. The vast majority of people who try their luck make a respectable profit. They provide leveraged trading to help small accounts make more money. Because all technical trading tasks are automated, the system can be used by anyone.

2. It survived a financial crash

Back in April 2021, the cryptocurrency suffered a massive crash. It was originally predicted to happen in late 2020, around November to December time, but it eventually happened in the springtime of this year. The only positive for Bitcoin was that it wasn’t only them that suffered, all of their rivals including Litecoin and Ethereum all suffered, as a suggested 300 billion dollars was completely wiped off of the cryptocurrency market. The silver lining? Bitcoin managed to bounce back stronger than ever.

3. It has a strong backing from successful companies

Having an average user investing in Bitcoin is fantastic, but it’s even more influential when big time companies invest, mainly because they’re likely to put down hundreds of millions of dollars as opposed to a few thousand. This is exactly what Bitcoin is seeing more and more of, when hedge fund companies and pension companies are all buying Bitcoin.

4. Extra media attention

Bitcoin dominates a lot of media attention, especially since it made Bitcoin millionaires and Bitcoin billionaires. However, the recent media attention is surrounding the sustainability and ethical standards of Bitcoin mining. Recently, investors of the cryptocurrency have learnt that the majority of Bitcoin currently on the market is being mined in countries that don’t adhere to ethical and sustainability standards and regulations, making them either think twice about further investments or dig deeper into researching where their Bitcoins come from.

Global tech pioneer Elon Musk has always been a strong advocate for cryptocurrency, especially Bitcoin, saying he believes it will be the future of the way we pay. However, since this latest mining situation has come to light, Musk has said he wants to ensure that Bitcoin mining is regulated, and should be something that we all work together to achieve before further investing. This has caused great interest across the world, and as more people actively try to buy from countries that adhere to these policies, more people are investing, which has driven the value up. Better yet, if Bitcoin becomes fully sustainable, its price will soar even higher as more and more people make “green” conscious decisions.

5. Extra security measures

Unlike traditional currencies and the potential minefield of internet banking, Bitcoin is continuously working to put extra security measures in place to ensure that your funds are as safe as they possibly can be. With added layers of encryption and a super safe “e-wallet” to keep your Bitcoin in, it’s hugely considered to be one of the safest currencies in the world.

So Should You Still Invest In Bitcoin?

Definitely! With Bitcoin set to boom by the end of the year, you’re almost guaranteed a profit if you invest now. The best part? More and more people are going to want to own Bitcoin so you definitely won’t have any trouble selling it!

If you’re new to investing and not sure how to go about it, there’s plenty of 3rd party platforms that autotrade the cryptocurrency on your behalf. This makes it exceptionally easy for you, and you don’t need any prior knowledge or previous experience of investing or Bitcoin!

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