Is Bitcoin A Good Investment?

Bitcoins have shown to be a profitable asset class in the financial world. With the negative comments of experts and the looming danger of hackers, it is natural to be apprehensive of investing in bitcoins. To wipe away the mists of clouds that have shrouded your thoughts, keep reading to find out why investing in Bitcoins is now the best moment to do so. With Bitcoins expected to reach a peak of $60K this year, purchasing bitcoins is a sensible investment.

The ease with which ordinary investors can invest in Bitcoins, thanks to the advent of start-ups such as BuyUCoin, has piqued their interest. As a result, the financial world witnessed tens of millions of investors invest in Bitcoins. Let us explore the high value of bitcoins and how it got to where it is today.

Bitcoin, which was created in January 2009, is a sort of cryptocurrency that capitalises on the market. It is governed by a decentralised authority and allows you to send money with no transaction fees. Because of the enormous computational power, all transactions are verified.

When and how did Bitcoin become so popular?

Bitcoin had an initial value of $0 when it was launched in 2009. Only the crypto maniacs mined these to a small extent. Only after the Bitcoin Pizza Transaction in 2010 did people consider bitcoins to be a type of currency.

Bitcoins caught people's attention over time because they were the first to hit the $1000 mark in 2013. As a result of the second Bitcoin halving, its value increased to $19000. Bitcoin's steady climb encountered a hiccup, resulting in its value depreciating after 2018. Bitcoins surpassed $5000 at the start of 2020 and remained there for some time.

At the time of writing, the Bitcoin price BTC to INR is 2,577,809 INR, with a 24-hour trading volume of 1,855,228,364,573 INR. Bitcoin has gained 4.44 percent in the last 24 hours, with a current market capitalization of 48,325,616,848,402 INR. It has a maximum supply of 21,000,000 BTC coins and a circulating supply of 18,746,781 BTC coins.

Estimate of Bitcoin's Future Value- Will it Cross the $100,000 Mark?

What is the nicest aspect about investing in Bitcoins? Bitcoins' popularity among major financial institutions, trustworthiness, and current global trends in favour of Bitcoins have resulted in a net market valuation of $1.15 trillion. Do you know that such a high value has outperformed the total market capitalization of the top three global banks—J.P. Morgan, Bank of America, and The Industrial and Commercial Bank of China? It is estimated that its ever-increasing popularity and future investments will lead to it reaching the $100,000 milestone as soon as the end of 2022.

Conclusion:

The value of Bitcoins has the most potential for growth. The stability of the Bitcoin network, together with popular investing trends, has resulted in it reaching the pinnacle of high value. Prepare to reap massive earnings. So, are you ready to invest?