With a current value of over $60,000, leading cryptocurrency Bitcoin continues to make headlines in the global news as demand increases and its value continues to surge. Thanks to its ever-growing popularity, thousands of people are joining its network every day in a bid to trade and make money off Bitcoin, and to get a slice of this extremely appealing pie – and with user numbers now topping five million globally, its new-found credibility is seeing more and more potential investors begin to take note.
Many celebrities – such as Logic, Floyd Mayweather, Elon Musk, 50 Cent, Gwyneth Paltrow, Nas, and Serena Williams – are known to have already invested in Bitcoin so far, with new names joining the user list by the week. If you have money to burn, then you could do a lot worse than investing in this potentially highly lucrative crypto – but should you part with your cash now, or wait it out? Here, we take a deep dive into the world of crypto investment, and look at why Bitcoin might just become your most valuable asset.
Bitcoin is as valuable as gold
Thanks to its current price tag, Bitcoin has become as valuable as gold
Currently, Bitcoin’s value fluctuates between $50,000 and $60,000, which for those with their finger on the crypto pulse, is one of the most exciting things the market has ever seen. No other cryptocurrency has yet reached such lofty heights as this, so it’s little wonder that so many new traders continue to join its network with each passing day. Thanks to its current price tag, Bitcoin has become as valuable as gold. This is no mean feat, and is something that no other product or service has managed to do in history, which in itself is more than enough reason for potential investors to take note.
Where can you trade with Bitcoin?
There’s no denying that Bitcoin makes for a pretty profitable investment, and the beauty of trading it is that you take care of the whole process personally
There are two ways you can trade with Bitcoin – through Bitcoin ATMs and trading sites. Bitcoin ATMs can be found in many countries around the world, but due to the fact that they come with enormous fees and are not easily accessible, trading sites are the better option for most. Will the value of Bitcoin continue to rise?
Bitcoin is subject to many fluctuations, and has a high volatility rate – which means that its value continuously rises and falls with each passing day
Bitcoin is subject to many fluctuations, and has a high volatility rate – which means that its value continuously rises and falls with each passing day. Hence, many traders are concerned about whether Bitcoin will be continuing to rise by the end of 2021, or whether now is the time to cash out. History has shown us that after Bitcoin reaches a peak value, it traditionally then plunges, and takes around a year to climb back to where it was. Although many believed that Bitcoin wouldn’t rise in value much more after reaching $50,000, the reality was very different, and experts now believe that Bitcoin will continue to rise and reach its peak value in the final quarter of 2021.
It’s for this reason that many traders are now looking to take the opportunity to invest now, while Bitcoin’s price is still around $50,000 to $60,000. As for the number, many believe that it could go as high as $100,000, but whether this will materialise remains to be seen.
The bottom line
If you’ve been sitting on the fence about Bitcoin investment, then now could be the perfect time to take the plunge. This cryptocurrency is extremely profitable, and with the greatest selection of trading sites to choose from yet, each offering an ever-improving level of service, trading with this cryptocurrency has never been easier. Should Bitcoin reach a six-figure value by the end of this year, it would be a historical moment indeed – and one you may well want to be a part of when it comes to growing your personal fortune.
Disclaimer: Investing money carries risk, do so at your own risk and we advise people to never invest more money than they can afford to lose and to seek professional advice before doing so.