You must have heard about the buzz going around about Bitcoin. Cryptocurrency investment is the new craze. No doubt, the first bitcoin was mined back in 2009. But till then, the craze and hype around bitcoin and other cryptocurrencies have not reduced. With the increase in the name and fame of bitcoin, many millionaires are now investing in bitcoins and other cryptocurrencies.
After Elon Musk’s tweet about investment in bitcoins and other digital currencies, bitcoin has grabbed public attention even more. Now different new types of digital currencies have flooded the market. Some currencies have witnessed an increase in valuation of more than 1000% to 2000%.
But, if you have never invested in bitcoin or other cryptocurrencies, it is pretty standard for you to ask whether you should invest in these currencies or not. Many people ask questions like, is it too late to invest in cryptocurrency. The answer is that no one can guarantee you whether the value of bitcoin will rise or fall. The arrival of digital currencies is a new concept for people as well as the world around us. Thus, there is no well-defined guarantee whether investing in bitcoin will garner you profit or not. But, there are clear arguments about the investment.
In this article, we will look at both sides of the story to know whether you should invest in Bitcoin or not.
It is too late as governments are cracking down.
One of the significant skepticism surrounding cryptocurrencies is whether the government regulates them or not. But, you should know that governments worldwide do not have any authority to regulate digital currency. Thus, many countries, as well as governments, are not shutting down the acceptance as well as production of cryptocurrency.
Thus, the crackdown by a government authority has already begun. In May 2021, China started cracking down on mining as well as trading in bitcoin. Thus, the price and valuation of bitcoin fell drastically. Many countries and governments are also planning to have their digital currency. If all other governments follow suit, the demand for bitcoin will undoubtedly get affected, and your investment may not be fruitful. Looking at this scenario, it seems that it’s too late to invest in bitcoins.
It’s too late as crypto is going towards zero.
Many skeptical people about investing in cryptocurrency and bitcoins believe that cryptocurrencies belong to the class of asset that has no store of value. Thus, people believe that it is a speculative asset class that does not have long-term viability. While one segment believes that the value of bitcoin will never fall to zero, other groups believe that if central banks refuse to give up their monopoly on the monetary policies they create, the value of bitcoin will fall to zero very soon.
It’s not too late, as the value of crypto is increasing
If you, too, feel that the crypto market works in the same way as a stock market, there may be no better time to buy cryptocurrencies. As per a recent report, the value of bitcoin has increased by 40% in the last few months alone.
No doubt, the drop in the value of digital currencies is quite common. But, the recent massive high and fall in value show that you need to invest in crypto if you want to earn quick profits.
It is not too late: the value is crypto is going above $500,000
If you were waiting to get confirmation about investing in crypto, now is the right time. The value of Bitcoin has hit $500,000. Many people believe that asset managers will now allocate 5% of their portfolio to cryptocurrency. The increase in the demand and the decline in the supply of bitcoin is one of the biggest reasons that hints that the value of crypto will undoubtedly rise. Thus, if you were looking for an alternative investment, Bitcoin is the best choice possible. The supply of Bitcoin is limited to 21 million coins, which is the main reason the price of Bitcoin will keep rising.
Now that you have got the pros as well as cons of Bitcoin investment, it is entirely up to you whether you want to invest or not. Visit profit-maximizer.app if you want more details.
