By now, everybody knows what Bitcoin is, but so few understand the opportunities it may offer. From its first breakthrough in 2017, Bitcoin has experienced a parabolic trend. It reached its first all-time high at $20,000 in 2017, then lost 70% of its value in 2018 up until 2019. And now, even when its fiery trail was cut short by the 1st quarter of 2020 due to the pandemic, but it hit back on the last month of the year, and its value is now again soaring high.
So why should I invest in Bitcoin now?
Bitcoin is surprisingly resilient amidst all the adversaries that it faced together with other industries. When other businesses have folded, Bitcoin traders fought and endured even with many cuts and bruises. The resiliency is just one reason why using a cryptocurrency exchange as your ticket to money heaven is a very viable option. Bitcoin has a future and still has many reasons to offer why you should invest in it now.
Accelerating Bitcoin Adoption
Though Bitcoin has gained a lot of ground in the past few years, it still is a growing industry and is expected to reach 200% more of its current count of Bitcoin traders in the coming years. For instance, the money conversion application CashApp has had $1.63 billion in revenue with $32 million in profits just this 3rd quarter of last year. A staggering 1000% in growth comparing it to their previous year’s numbers at the same time.
With this, Paypal has also fast-tracked their crypto rollout, allowing US crypto customers to buy, hold, and sell Bitcoin, Ether, Bitcoin Cash, and Litecoin. If retailers and institutional buyers continue to chase this momentum, the demand will further bolster the price of BTC.
Bitcoin has High Liquidity
When it comes to investing your money, you need to be sure that it has high liquidity so that you can sell or buy it anytime you need. There will always be a high demand for Bitcoin, and the number of cash wallets available has reached more than 50 million, according to recent data.
Crypto trading is highly accessible for everybody and not for the large “whales” or for the big buck and ambitious investors. The average layman can buy and sell with ease because trading platforms have optimized interfaces. And it gets easier with limited orders where everybody has a fair playing field in buying and selling.
Bitcoin, unlike other investing mechanisms, is much more accessible for the ordinary man. You don’t need to go to banks or any financial institutions and sign the paper. You just sign up, deposit, and trade. That’s it. No fuss. Moreover, you can grow your hard-earned cash no matter how small it is—an outstanding proposition for middle income or even low-income earners.
Bitcoin may have had bad publicity because of the wrong perceptions that people have on things they don’t quite clearly understand. But 2021 is the right time to get that extra cash out and invest in something you know would bring you bountiful fruits.
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